Staff told hopes are fading fast of finding a buyer for embattled PR agency accused of stirring up racial tension in South Africa

Bell Pottinger could be put into administration as soon as next week after its financial plight worsened in the wake of a scandal over its secret campaign to stir up racial tensions in South Africa.

The PR agency has tasked accountancy firm BDO with drumming up a buyer in a bid to evade closure, but one source close to the process said time was running out.

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