Blockbuster set to disappear from high street

Blockbuster is set to disappear from UK high streets after administrators failed to find a buyer with another 30 shops set to close over the next few days and 182 jobs to be axed.

Administrators Moorfields Corporate Recovery, who have started a phased closure of the entire estate, said it was still hoping for a last minute deal for all or parts of the business but added it had not received any "acceptable" bids so far.

Joint administrators Simon Thomas and Nick O'Reilly of Moorfields said: "It is unfortunate that we have been unable to secure a buyer to date, and therefore we have had to take the decision to make further store closures.

"We are continuing to review the profitability of the portfolio and may have to make further closures over the next couple of weeks."

The closures bring the total so far to just over 100 out of its 264 outlets, with more than 630 retail jobs cut from its 2,000-strong workforce.

Over 30,000 refunds have been made to customers for goods and services not received since Blockbuster went into administration more than two weeks ago.