1. National

3000 Comet job losses expected

Administrators for the electrical retail chain Comet has announced 125 store closures, which is expected to trigger around 3,000 job losses. Around 330 jobs have been gone today.

View all 33 updates ›

Comet: 'Seeking to secure a viable future for the company'

Comet Group Limited can confirm that it has today taken steps to seek the protection of the Court with a view to the Company entering into Administration during week commencing 5th November 2012. In the meantime the Board is urgently working with its advisers to seek a solution to secure a viable future for the Company.

– Comet statement

More on this story