Anxious wait for Exeter BHS staff

Staff at Exeter's BHS store in the High Street face an uncertain future after it was reported that the company will file for administration today.

A spokesman for BHS told Sky News that an announcement would be made at 11.30am and "the administrator will speak afterwards".

When asked to confirm if BHS had gone into administration, the spokesman said: "Yes, the process has started."

Around 11,000 jobs are at risk.

It is understood any buyer would would have to take on take on its £571m pension deficit.

Last year, BHS was sold by the retail entrepreneur Sir Philip Green for £1. He had bought the chain for £200m in 2000.

Its new owners, Retail Acquisitions, said they would deliver £160m of funding to help turn around the fortunes of the chain, but have not been able to raise the sum.