FTSE LIVE: House of Fraser calls in the administrators; Nationwide suffers a quarterly profits slip
- Thousands of jobs now at risk at the 169-year old department store
- Retailer said all talks with investors and creditors had failed
It’s more bad news for the high street this morning, as department store group House of Fraser announced it is calling in administrators.
Across the UK, the retailer employs 17,500 people, including 11,500 concession staff.