the same time as homebase has really struggled with the competition from the big diy giants b&q andtruggled to find a way through the middle of that market. today, the administrators that have been brought in have tried to reassure staff to say that the remaining 49 stores will stay open. and continue to trade while they try and sell those off as well. there is still a possibility they may be able to sell some of those stores. and they have tried to reassure customers by saying any existing orders will still be fulfilled and if anyone has a gift voucher, the administrators will find a way for those vouchers to still be sent to spence, which is a relief in the run—up to christmas. thank you. —— to still be spent. up to 115 post office branches could close, putting hundreds ofjobs at risk, as part of a radical shake—up. the post office is looking at options for its wholly—owned branches, which currently employ about 1,000 workers and are loss—making. the plans aim to put the business on a firmer financial footing. it comes as the long—running inquiry into the horizon it scandal heads

the retailer homebase fell into adminstration earlier today and 70 stores were sold immediately to thes. the aquistion of the 70 stores is expected to save around 1,600 jobs. hoembases's 49 other stores will continue to remain open while rescue talks continue. britain's guardian newspaper has announced it will no longer post on x, the social media site formally known as twitter. it said that benefits of being on the platform were now outweighed by the negatives, citing content that's "often disturbing" including far right conspiracy theories and racism. us broadcasters npr and pbs withdrew from x last year. markets now, and the mood on european markets turned sour halfway through the trading day, most likely linked to us inflation which rose for 11th month in row. a sea of red across the board. in the united states it's a more mixed picture. the dow accelerating, the nasdaq in retreat. that is business today, goodbye. welcome back to bbc news. if you were watching in the last half hour, donald trump has met with president biden at the white house for a traditional meeting to start the

the diy store homebase has collapsed into administration, putting 2,000 jobs at risk.to sell the struggling retailer, but has not managed to find an outright buyer. the owner of homeware chain the range is buying up to 70 stores and the brand name. more than 100 post office branches could potentially close, putting a thousand jobs at risk in a major restructuring of the business. the plans aim to put the business on a firmer financial footing. it comes as the long—running inquiry into the horizon it scandal heads into its final stages. you're live with bbc news. to bali now, where most flights have resumed this morning after several airlines were forced to cancel flights due to dangerous ash clouds from a volcano near the popular indonesian holiday island. over the weekend the mount lewotobi laki—laki volcano unleashed a 9 kilometre ash column into the sky, one week after a major eruption killed 10 people. for more on the situation on the ground, we can speak to sakshi mishra, a tourist who was stranded in bali after her flight back to india got cancelled. thank you fo

the diy store homebase has collapsed into administration, putting 2,000 jobs at risk.ling retailer, but has not managed to find an outright buyer. the owner of homeware chain the range is buying up to 70 stores and the brand name. more than 100 post office branches could potentially close, putting a thousand jobs at risk in a major restructuring of the business. the plans aim to put the business on a firmer financial footing. it comes as the long—running inquiry into the horizon it scandal heads into its final stages. we have more on all of the stories on our website. an israeli hostage appeared under duress in a video released on wednesday by palestinian islamichhad. the bbc does not broadcast videos of hostages but this image shows alexander trufanov, who was abducted from a kibbutz near the gaza strip. he was held in gaza with his girlfriend, sapir cohen, after hamas' attack on october 7. mr trufanov�*s mother has urged the israeli government and international community to make every effort to free him and all the other abductees as "they don't have time". he's been

the homewares store homebase has collapsed into administration, putting 2,000 jobs at risk.oking to sell the struggling retailer, but has not managed to find an outright buyer. the owner of homeware chain the range will buy up to 70 stores and the brand, safeguarding about 1,600 jobs. but it leaves 49 stores without a buyer, and thousands ofjobs at risk in the stores and head office. here's colletta smith. the at—risk stores will continue to trade while the administrator looks for a buyer, and there will be no immediate redundancies. big uk brands will need to rein in aggressive intellectual property claims after the supreme court found that the media company sky acted in bad faith by registering trademarks for a wide range of products it did not intend to sell. sky claimed intellectual property for a range of goods — including tuxedos and antiperspirants — so broad as to be unenforceable. now let's bring you the latest from cop29, where campaigners in baku are arguing for so called "green corridors" which are sustainable networks of infrastructure to get the renewable energ

will vernon, bbc news. 2000 jobs could be lost after the collapse of homebase.bruary. the range will take over 70 stores which will still need jobs at the remaining branches and the head office at risk. homebase is now a split story. 49 stores are hanging in the balance as the company's collapsed into administration, but 70 stores have been rescued, bought along with the brand name by the range. but the problems at home base will need more than a lick of paint to fix. their latest accounts show a loss of £81; million as their customers deserted them. big diy chains like b&q and screwfix are tough competition, and at the cheaper homeware end there's been a lot of successful competitors chipping into homebase. and that competition is all too evident at retail outlets like this, where we've got the range over there, b&m and dunelm all within about 200m of the doors of home base. created in 1979, homebase was owned by sainsbury�*s for 25 years, but it struggled under a series of owners since then. the new administrator says any customer orders should still arrive an

well it's no secret that homebase has been in big financial trouble for awhile now.. they've been looking for a buyer since the summer and in fact their last set of accounts show they were £82 million in lost last year, that's a big problem for a company of that size. there had been speculation they had been set to go into administration but we've heard within the last hour that hasn't happened yet, which means the door is still potentially open for them to find a buyer for all or part of the business. there is speculation the business. there is speculation the moment that the company called the range who of course own lots of other stores across the uk, are still in negotiations to potentially buy some of the stores and i also bought the will co—brand a while ago so they sell wilco products in their stores now when they went bust last autumn. lots of competitors have been chipping away at homebase's territory over the last year or so. thank you. the time of 1:15. our top story this afternoon. the father of sara sherif tells a court he takes full responsibility for h