The joint administrators and receivers of independent music retailer Fopp today axed around 700 jobs at the struggling business. The job losses come after Ernst & Young was appointed on Friday. Management sent staff home last week and E&Y today appealed for buyers to take on individual stores. Joint administrator Tom Burton said: "It is unfortunate that we have had to make these redundancies but we are not in a position to re-open the stores until we have the agreement of suppliers who control the licences to sell stock."