FTSE LIVE: House of Fraser to shut 31 stores with 6000 jobs at risk

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This Is Money

Struggling department store chain House of Fraser has revealed the full extent of what it believes it needs to do to stay afloat. Some 31 stores are set to be axed, with 6000 staff at risk of losing their jobs.

A very quiet start for the stock market, given the London Stock Exchange could not open for trading at the normal 8.00am with no reason provided initially. 

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