Comet faces closures

Stricken retail chain Comet is preparing to close between 30 and 40 stores by the end of the month, according to reports. Administrators have so far announced 330 redundancies at the company but there have been no job losses among shop staff and all the chain's 236 stores are open.

The bulk of the staff cuts have been made in Comet's head office in Rickmansworth, Herts, as well as its site in Hull and call centre in Clevedon, Somerset.