STOCKS NEWS EUROPE-Game slumps; sales decline accelerates

Shares in Game Group (GMG.L) fall 8.1 percent after the British video games retailer reports a sharp deterioration in underlying sales, down 15.4 percent in the 21 weeks to June 27.

Although Game says the sales decline was in line with internal expectations, analysts at Singer Capital Markets note the firm's underlying sales fell about 25 percent in the latter 10 weeks of the period.

"There is now little room for disappointment and we would expect consensus (year to end-Jan. 2010 pretax profit) numbers to edge down today from circa 117-118 million pounds towards 113-114 million," they say.

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Reuters messaging rm://james.davey.reuters.com@reuters.net