Yes this is a sad day for traditional B&W photographers throughout the world, the company that is synonymous with high quality black and white photographic papers and films is now in receivership.
At the moment the future of the company is unknown, redundancies are deffinately on the cards (unfortunately) as the company has debts of over £40 million.
All I can say is that I (and undoubtably many other photographers) hope that the accountants manage to salvage something and keep the company afloat.

my fingers are crossed.

By the way I found this out on the channel 4 news.
[update]