• Most Popular
  • Most Shared

STOCKS NEWS EUROPE-Game slumps; sales decline accelerates

Thu Jul 2, 2009 3:58am EDT

Stocks

   

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.

For more, click on [ID:nL155666]

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


More from Reuters

Demonstrator holds a signboard with a slogan "Bla bla bla ACT NOW" during a rally outside the UN Climate Change Conference in Copenhagen December 12, 2009. REUTERS/Christian Charisius

"Polluters are given rights to continue their dirty habits"

A climate change scientist blasts proposals for a cap and trade system, arguing it allows dirty industries to continue polluting, instead of rewarding innovation.  Full Article | Full Coverage 

    Climate Conference
    A farmer carries buckets to collect water as he walks on a dried-up pond on the outskirts of Yingtan, Jiangxi province November 3, 2009. REUTERS/Stringer

    The heat is on

    Farmers in northwest China are living with lost crops, dry wells and frequent droughts. Their resulting poverty is directly linked to climate change.  Full Article 

    Green Business
    Indian woman mourns death of her relative killed in tsunami in Cuddalore. When an earthquake of magnitude 9.15 struck off Indonesia's Aceh province on December, 26, 2004, it triggered a huge tsuanmi that raced across the Indian Ocean and hit Indonesia, Thailand, Sri Lanka and India. The worst natural disaster of the decade left 230,000 people dead or missing. Taken on December 28, 2004 by Arko Datta

    Pictures that defined a decade

    A woman's grief amid the tsunami devastation and one woman's fight against police in the Amazon are among the indelible Reuters images of the last 10 years.  Slideshow 

    Pictures