1. National

Mothercare to shut 111 stores

The retailer Mothercare is to close 111 stores over the next three years to help "restore the UK business back to profit".

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  1. Sally Biddulph: ITV News Reporter

Mothercare shares trading up over 10%

Mothercare's shares may have fallen 60% in the last year, however, they were up today by 4% after their announcement on shop closures. The shares are now trading up over 10% at 188p. City likes Mothercare's restructuring news, but will customers?

After the closures, Mothercare will have 200 stores - 95 out of town and 105 on the UK high street. The company aims to grow with 1000 stores created abroad. The retailer have not yet announced which stores will close in the UK.

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