Matt Jopson will be raising money for Prostate Cancer UK and the Queencort Hospice where his uncle received end-of-life care.

The supplier is hoping to finalise terms of a possible deal with KKR in the second quarter, with aims to complete in the second half of the year.

The retailer’s parent firm Associated British Foods said the chief executive admitted to an ‘error of judgment’.

Sir Richard Branson’s company said there are ‘no more major hurdles to overcome’ for it to launch services rivalling Eurostar.

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