Shares in music and books retailer HMV Group have fallen 21% after revealing falling sales, weak profits and trouble meeting the terms of a bank loan. The firm - which also owns Waterstone's bookshops - plans to close 60 UK stores in the next 12 months in order to get costs under control. It said Christmas sales were down 10%, and warned profits would be at the lower end of forecasts. Business was hit by the severe weather and "challenging trading conditions"... read more
BBC Business News
Jan 11
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