Beleaguered retailer HMV looks set to go bust as early as tomorrow morning, after suppliers refused to hand the firm extra funds to pay off its banking debts.

The retailer is understood to have asked music, video games and movie suppliers for £300m in extra financing last week - a request that was ultimately turned down, despite reports of some funding coming its way.

An emergency HMV Board meeting which took place tonight is believed to have concluded that the ...