Comet losses 'hit £95m'

Comet have reportedly racked up losses of £95 million in the year to April, followed by a further £31 million in the subsequent five months as credit insurers lost confidence and withdrew support for the business.

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Cable calls for Comet inquiry

The Business Department confirmed that Vince Cable has called an investigation into Comet in a bid to find out why the firm ended up going out of business and the circumstances around the purchase of the company by a private equity firm last year.