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DVD rental firm Blockbuster has become the latest UK High Street firm to go into administration after hitting hard times. The chain has 528 stores employing 4,190 staff. Deloitte, the accountancy firm that will now take over the day-to-day running of the firm, said Blockbuster had been affected by competition from internet-based film services. The stores will keep trading...

HMV has 239 stores in the UK and Ireland The boss of HMV has said he is confident of finding a solution to the embattled retailer's troubles. Trevor Moore said management had begun working with administrators Deloitte. "We remain convinced we can find a successful business outcome," he told journalists. "The intention is to continue to trade the stores." HMV...

Higher utility prices helped fuel inflation UK consumer prices inflation held steady at 2.7% in December, official figures have shown. A rise in electricity and gas prices was offset somewhat by a fall in fuel costs and air transport, the Office for National Statistics (ONS) said. The CPI rate of inflation has remained been above the Bank of England's 2% target since...

Burberry said the global trading environment remained "challenging" Burberry shares have risen 4% after it reported a strong increase in revenues for the final three months of 2012. Total sales at the fashion house – famed for its camel, red and black check pattern – increased by 9% to 613m in the three months to 31 December, up from 574m a year...

Sir Mervyn said investment banks had to remember the needs of wider society Sir Mervyn King has criticised the prospect of investment bankers choosing to defer their annual bonuses until after the introduction of the new lower top rate of income tax. The Bank of England governor said such a move would be "depressing" and against the needs of wider society. His...

Honda had already announced 800 job cuts at its Swindon plant which employs 3,500 workers More than 300 agency staff at Honda will lose their jobs on top of the 800 staff losses announced on 11 January. The contract workers at the company's South Marsdon plant are expected to be released in February. The Japanese car manufacturer is blaming weak demand across Europe...

Poor Christmas sales compounded HMV's financial crisis Music and DVD chain HMV is to appoint an administrator, making it the latest casualty on the High Street and putting about 4,350 jobs at risk. Deloitte will run HMV's 239 stores in the UK and Irish Republic while it assesses the prospects for the business and seeks potential buyers. Trading in HMV shares...

Music and DVD chain HMV, which employs about 4,350 staff, has confirmed it will appoint an administrator, making it the latest High Street casualty. Deloitte will run the 239-store chain while it assesses prospects for the business and seeks potential buyers. Trading in HMV shares on the London Stock Exchange are being suspended, the company said in a statement. Started...

HMV, the music and DVD retailer employing about 4,350 staff, may appoint an administrator, becoming the latest High Street casualty. Deloitte was being lined up to run the 239-store chain following a meeting of the HMV board on Monday evening, the BBC understands. A formal announcement is expected later. HMV has been in crisis for months, and in December warned it faced...

// source: bbcuk Berita Lain: Blockbuster goes into administration HMV dan#039;confident of finding solutiondan#039; UK inflation holds steady at 2.7% Burberry shares up on sales rise King attacks prospect of tax avoidance bank bonus delay