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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.

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Remaining Comet stores to trade for final time

Electrical chain Comet's remaining stores will trade for the final time tomorrow.

The closure of the final group of 49 stores from the former 235-strong estate comes seven weeks after Deloitte was appointed administrator.

The closure of Comet is the latest high-street casualty Credit: Press Association

Deloitte has so far failed to find a buyer for the company or any of its shops.

In a report published today, it said it remains in talks with a small number of parties including over the sale of internet operations and the brand.

The collapse of the firm, founded in Hull in 1933 and which employed around 6,895 people at the time of its collapse, is one of the biggest high street failures since the demise of Woolworths in 2008.

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