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Homebase look to close stores

Popular outlet Homebase is looking to close a number of its stores across the UK according to media reports.

The chain, which has a store at the Newbury Retail Park, is looking to shut as many as 40 stores as part of a review.

According to BBC News around 2,000 jobs are at risk of being lost as a result of the review that has come about following a review of the assets of the chain's Australian owners.

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