Live updates

Jewellery store to close after 110 years of business

One of the country's oldest family-run jewellery stores is to close after more than a century of trading. The Major store in East Grinstead was set up in 1903, and is now run by the grandsons of the founders.

However, Keith and Nick Major will shut up shop soon because their own families do not want to continue with the business. Iain McBride reports.

Advertisement

HMV to close three stores in region

The administrators of Music retailer HMV are to close sixty-six stores including three in the Meridian region, in a move that will cut almost 1,000 jobs. Branches in Camberley, Bournemouth Castlepoint and Walton-on-Thames will shut in the next one to two months. The chain currently has 220 stores.

The administrators 'Deloitte' were called in to the struggling retailer last month, and a restructure is underway. Deloitte said the shops facing closure are all loss-making.

However there are hopes that a rescue deal may be forthcoming after Hilco, the company behind HMVCanada bought the firm's debt.

"This step has been taken in order to enhance the prospects of securing the business' future as a going concern.

"We continue to receive strong support from staff and are extremely grateful to them for their commitment during an understandably difficult period."

– Nick Edwards, Administrator of HMV

Counting the High Street cost of Christmas

Figures out today show only a slight rise in consumer sales over the festive period - up 0.3%.

Big stores like Debenhams, House of Fraser and John Lewis have reported a sharp increases. And, of course, online shopping saw a big boost.

But it has been a tough 12 months for retailers, with the loss of names like Game and Comet. So, what's the verdict in our high streets?

Charlotte Wilkins finds out, speaking to shopping centre manager Gill Buchanan, sales director Graham Russell, joint managing director Melanie Wakefield and shop owner Donna Camera.

One of the region's oldest stores is forced to close

It's been serving customers in the South for well over 100 years - but one of the region's oldest department stores is being forced to close its doors for good.

Jackson's in Reading opened in 1875 - and still offers a special level of customer care. But falling sales and a leaky roof mean it's going to have to shut. Andrew Pate has been to have a look.

Advertisement

Firms look at 'pasty tax' u-turn

Hot food firms in the South are looking at the implications of the Chancellor's u-turn on his so-called 'pasty tax'. George Osborne had proposed a 20% tax on hot baked snacks including pasties and pies.

Now however the tax will only apply to cooked pies and pasties that are kept hot, but not those that are still warm after coming from the oven.

Load more updates