Morrisons to the rescue

Supermarket giant Morrisons will takeover collapsed retailer McColl’s after it tumbled into administration.

All 16,000 staff at McColl’s convenience stores will keep their positions and new owners will also take on two pension schemes operated by the firm. Petrol station firm EG Group launched a rival bid following the announcement that more than 1,100 branches of the newsagent were at risk on Friday.

McColls also have stores nearby in Hamilton and East Kilbride.

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