McColl’s confirms rescue talks as it scrambles to save 1,100 stores from collapse

Convenience store chain McColl's has confirmed it is in talks with lenders to secure a “long-term agreement” to prevent it from collapse.

McColl's has addressed reports over the weekend which claimed it was looking for fresh funding to keep the business afloat.

Some 16,000 jobs could be put at risk if McColl's was to collapse.