Poundworld enters administration

Poundworld is set to become the latest retail casualty on the British high street as it calls in administrators, putting 5,100 jobs at risk.

The budget retailer is poised to appoint Deloitte to handle an administration after last-ditch rescue talks with R Capital broke down over the weekend. Report by Khanomh. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn