Creditors of Zavvi have brought in an emergency restructuring team from Ernst & Young to help the high street music retailer, it was reported today.

Commodity stocks propped up the FTSE 100 Index today despite a more difficult session for retailers in the wake of Woolworths’ closing-down sale.

Gains for commodity stocks put the London market in positive territory today despite pressure on retailers in the wake of Woolworths’ closing-down sale.

A closing down sale at ailing retailer Woolworths starts today, raising fears for around 25,000 jobs at the business.

Woolworths will launch a closing-down sale tomorrow after administrators said they had so far failed to find a buyer for the ailing retailer.

A former boss of struggling British retail chain Woolworths is bidding to take over more than half the group’s high street stores.

British high street retailer Woolworths will hold its “biggest ever” sale today as administrators remain in talks with potential buyers of the troubled firm.

Administrators today said they remained in talks with a number of parties interested in buying British high street retailer Woolworths as a going concern.

The surviving part of the collapsed Woolworths empire may be placed in administration by the end of the week in a move that could hit the chain’s pension fund, it was reported today.

British high street retailer Zavvi said today it had stopped taking DVD, music and games orders after the collapse of Woolworths left it unable to guarantee delivery.

'Dragons’ Den' entrepreneur Theo Paphitis said today he wanted to keep the Woolworths name alive after confirming his involvement in talks with administrators for the ailing high street chain.

Woolworths could be broken up as early as this week as around a dozen serious bidders circle the high street chain, Sunday newspapers in England said today.

All 800 stores of British retailer Woolworths will open for business today despite the company calling in administrators.

SHARES were suspended at the British retailer Woolworths yesterday as the century-old company frantically moved to avoid a collapse.

Struggling high street store Woolworths will appoint administrators tonight, it was reported today.

Shares in British high street retailer Woolworths were suspended today as talks continued over plans to rescue the business.

NEGOTIATIONS on the future of Woolworths are continuing, with Bank of Ireland’s British subsidiary, Burdale, thought to be considering options to prevent the retailer from going into administration.

Emergency talks to save Woolworths from administration were expected to continue today as a revised rescue deal was drawn up, it was reported.

Efforts to rescue the stores arm of Woolworths in the UK are close to collapse after the retailer’s lenders refused to sign up to a deal, it was reported today.

British high street retailer Woolworths confirmed today it is in talks over the possible sale of its retail business.

The founder of the Iceland frozen food chain has launched a surprise bid for Woolworths retail arm, a report said today.

The Competition Commission (CC) has formally cleared the completed acquisition by Woolworths Group plc (Woolworths) of Bertram Group Limited (Bertram).

UK investors will be focused on the retail sector this week as some major names from the high street are due to post trading updates or results.