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Evening Standard
Evening Standard
Business
Rhiannon Curry

RARE PHOTOS: Mccoll s suspends share as rescue talks delay results | Vintage Vibes

McColl Inflation Supply chain

Shares in McColl’s will be suspended from 1 June

(Picture: PA Media)

Shares in convenience group McColl’s are to be suspended after the company admitted that ongoing emergency funding talks mean it will miss the deadline to file annual accounts.

The retailer has been in talks with potential lenders about rescue funding for months. The business has been pushed to the brink of administration by supply chain issues, inflation and a £97 million debt pile it cannot afford to service.

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