Retailer BHS to go into administration - source with knowledge of plans

Department stores group BHS is expected to go into administration, possibly as early as Monday, a source with knowledge of the company's plans told Reuters on Sunday. Administration would endanger nearly 8,000 jobs at the company and another 3,000 contractors working with the 88-year-old firm, which has 164 stores, and has been hit hard by intense competition in the retail sector.