House of Fraser, Poundworld, TfL: Everything that matters this morning

House of Fraser appoints administrators
House of Fraser has appointed Ernst & Young LLP as administrators to complete the sale of the group’s business and assets.
The retailer said talks with potential investors and its main creditors “have not concluded in a solvent solution”, leading to the appointment of administrators.
The business will continue trading while the administrators seek to complete a sale and all stores will be open for business as usual today. A