Sports Direct owner Mike Ashley is in talks over a possible takeover of HMV, according to reports.
Former Rangers shareholder Mr Ashley has handed an offer to administrators KPMG for the struggling high street music chain, which has more than 100 stores, the BBC and Sky News reported.
It comes months after he bought House of Fraser, the department store chain, in a £90 million deal in August 2018.
Read more: Glasgow City Council to sell assets to its own property firm to fund £500m deal
KPMG said "a number of offers" have been received for HMV since it went into administration in December, but has declined to reveal the identity of bidders.
Mr Ashley was said to have spoken with music and entertainment industry figures about his possible rescue deal.
Dixons Carphone is expected to book another sales slump at its troubled mobile phone division when it reports on its third-quarter performance next week.
City analysts forecast the retailer's Carphone Warehouse outlets will post a five per cent decline in like-for-like sales in the period, which includes Christmas.
The Currys PC World owner's shares were stung in December when it detailed mammoth write-downs on the value of Carphone, alongside a £200m cost-cutting exercise.
Read more: William Hill blames troubled high street for profit drop
It also posted losses of £440m for the half-year to October 27 against profits of £54m a year earlier.
Nevertheless, analysts at Citi believe that should the mobile division be turned around, it could offer upside to investors.
Dan Homan, analyst at the investment bank, said: "Dixons Carphone controls over one third of the UK electricals market and despite the incessant rise of Amazon and Apple, it has gained share over the last decade as weaker incumbents have failed.
"We do not see a structural risk to this market share.
"The Carphone business is under more pressure but is valued at zero by the market and offers upside if trading can be turned around."
Just Eat has announced that chief executive Peter Plumb is to step down from the online takeaway firm with immediate effect.
Chief customer officer Peter Duffy will take the role of interim boss as the search for a permanent replacement gets under way.
The group did not give a reason for Mr Plumb's abrupt departure; however, it is understood that the board wants a fresh face to lead Just Eat as it faces rising competition.
Mr Plumb's departure comes only weeks after Just Eat was described by one of its shareholders as the worst-performing online food firm in the world as it called for a radical shake-up.
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