HIGH street retailer The Gadget Shop was reported to be on the brink of administration following a boardroom dispute.

UK high street retailer The Gadget Shop was today reported to be on the brink of administration following a boardroom dispute.

The FTSE 100 Index dropped more than 100 points as disappointing US data and a fall in the oil price hit shares.

The FTSE 100 Index is down 31.1 points at 5338.7 - reversing yesterday's gains.