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Shares in Carpetright and Mothercare have plunged amid fears about the retailers' futures.

Carpetright slumped more than 11% after a report suggested it would cut jobs and close stores as part of a rescue plan to stop it going into administration.

Mothercare, which is in the midst of a store closure programme, fell 12%.

It comes amid a wider High Street slowdown that has seen a host of big businesses shut stores or go bust.


BBC News

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