Home / Finance News / FTSE LIVE: House of Fraser calls in the administrators; Nationwide suffers a quarterly profits slip

FTSE LIVE: House of Fraser calls in the administrators; Nationwide suffers a quarterly profits slip

FTSE LIVE: Pound slips to $1.27 and stocks slide into the weekend as business worries proceed to grip markets; House of Fraser enters management with Mike Ashley reportedly lining up deal to shop for it

  • Thousands of jobs now in danger at the 169-year previous division retailer
  • Retailer stated all talks with traders and collectors had failed 
  • Nationwide Building Society profits slide by way of 12 in line with cent 

Jane Denton For Thisismoney

It’s extra unhealthy information for the prime boulevard this morning, as division retailer crew House of Fraser introduced it’s calling in directors. 

Across the UK, the store employs 17,500 other folks, together with 11,500 concession group of workers.

 

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