Household and garden products supplier has about 400 UK stores and had been trying to find a buyer

Budget retailer Wilko has warned it plans to appoint administrators in a move that could put 12,000 jobs at risk.

The household and garden products retailer, which has about 400 stores, had appointed advisory firm PricewaterhouseCoopers to try to find a buyer in recent months in a bid to secure the additional cash to keep trading.

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