carpetright is on the brink of collapse, putting more than 1,800 jobs at risk.o secure extra funding. our business correspondent marc ashdown is here. what's going on? carpetright sells everything from carpets and lie note to mattresses, curtains, blinds, even garden furniture and astroturf, but there's not much call for most of that these days, people struggling to pay the essentials let's face it, let alone special add on those big ticket items. the business also tracks the housing market which has slowed down and there is also a trend of people favouring wooden floors over carpets, and the real kicker was in april, they fell victim to a cyber attack and they did not trade for an entire week. but the business has struggled for about six years now and carpetright is up for sale, but they are not in administration, they have filed their intent to enter administration, and it means 272 stores can keep trading as usual, for now, and they have ten days breathing space to find a buyer. the ceo of the parent company says they have had promising talks with interested

carpetright is on the brink of collapse, putting more than 1,800 jobs at risk.a simpsonjoins me now. this is bad news for a big retailer, and staff. another big high street name in trouble. it another big high street name in trouble. . , , , , trouble. it has been pretty challenging _ trouble. it has been pretty challenging for _ trouble. it has been pretty challenging for retailers i trouble. it has been pretty - challenging for retailers selling big ticket items like carpets when people have less money to spend and are focused on the essentials and paying the bills. carpetright also tracks the housing market, where we have seen a big slowdown. this business has struggled in the past, it had a big restructuring six years ago, closing many stores. it still has 272 outlets today but competition is tough, which has not helped. it was also hit by a cyber attack a few months ago, disrupting trading for a week. fast forward to today, it has ten days breathing space to find a buyer to avoid collapse. the ceo of the parent company said today that promising conversation

carpetright is to be saved from collapse by a rival retailer, but hundreds of its shops are expectedt risk. tapi carpets and floors is set to buy the carpetright brand name, the company's intellectual property, two warehouses and 5a stores. new nhs figures show almost 500,000 people in england have been diagnosed with dementia — one of the highest rates in the world. the increase is partly down to an ageing population and comes after nhs england sent teams proactively to assess patients, saying the sooner someone is diagnosed, the quicker they can be helped. six men have been arrested on suspicion of murder after a boy, who's believed to be 15, was killed in a shooting. our correspondentjon donnison is in ladbroke grove in west london for us and joins us now. jon, tell us what we know so far. there is still a considerable police presence here in this residential neighbourhood in ladbroke grove. the shooting happened at the end of this street in a park there. it was busy at the time yesterday evening. there had been a family fun day taking place in the park with music, food, that sort

here in the uk, the closure of more than 200 carpetright stores has left many customers and staff in not fulfil outstanding customer orders at shops that have shut, nor will it rehire around 1,500 staff who lost theirjobs. depending on their method of payment, many customers are hundreds of pounds out of pocket with no expectation of recovery. britain's crown estate, which manages the public property of king charles, has posted a record annual profit of £1.1 billion — or $1.11 billion. that's been boosted by income from offshore wind leases. the crown estate controls the revenue from most of britain's inshore sea bed along wih a sizeable footprint of urban property. the company has also announced a 15% reduction in its energy usage. the us defence company lockheed martin has raised its annual sales target to around $71 billion. it follows the unexpected resumption of deliveries of its f—35 aircraft, after the pentagon began accepting the jets last week. the us resumed taking f—35 deliveries after a months—long pause on delays on its software upgrade. lockheed has been upgrading theje

carpetright sells everything from carpets and lino to a range of other things like mattresses, blinds, and inevitably that situation does mean job losses. and inevitably that situation does meanjob losses. the and inevitably that situation does mean job losses. the overall owner of carpetright owns a number of retailers and its sio said that restructuring plans which they had been looking at some time, a slump in april when it fell victim to other companies to a cyber attack. malware got in. he said this resulted in the company seeking this period but they have a ten day grace period but they have a ten day grace period to find a buyer for the business. he adds that the main priority will be to ensure customers and colleagues are impacted as little as possible.— little as possible. thanks very much, a worrying _ little as possible. thanks very much, a worrying time - little as possible. thanks very much, a worrying time for - little as possible. thanks very much, a worrying time for all| little as possible. thanks very i much, a worrying time for all of those 1800 staff members. i wan

here in the uk, the closure of more than 200 carpetright stores has left many customers and staff inwill it rehire around 1,500 staff who lost their jobs. depending on their method of payment, many customers are hundreds of pounds out of pocket with no expectation of recovery. britain's crown estate, which manages the public property of king charles, has posted a record annual profit of £1.1 billion pounds or $1.11 billion dollars. that's been boosted by income from leases for offshore wind farms. the crown estate controls the revenue from most of britain's sea bed along wih a sizeable footprint of urban property. us defence company lockheed martin has raised its sales targets for the year to $71 billion dollars. it follows the unexpected resumption of deliveries of its f—35 aircraft, after the pentagon began accepting the jets last week. the us resumed taking f—35 deliveries after a long delays due to software upgrades. lets take a look at the markets. we touched on tesla, it will be interesting how the us markets were open and a real evaluation of whether tesla is valued as a tech