FTSE LIVE: House of Fraser calls administrators; Nationwide suffers a quarterly profit slip

<pre><pre>FTSE LIVE: House of Fraser calls administrators; Nationwide suffers a quarterly profit slip

FTSE LIVE: House of Fraser calls administrators; Nationwide suffers a quarterly profit slip

  • Thousands of jobs now at risk in the 169-year-old department store
  • The retailer said that all the talks with investors and creditors had failed

Jane Denton for Thisismoney

There is more bad news for the main street this morning, when the departmental store group House of Fraser announced that it will call the managers.

Across the United Kingdom, the retailer employs 17,500 people, including 11,500 concession employees.

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