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HMVTue, 15th Jan 2013 06:59
LONDON, Jan 14 (Reuters) - British music and DVD retailer HMV will announce on Monday that it will appoint Deloitte as its administrator, a source close to the company said. HMV has struggled in declining music, DVD and games markets and in December warned a breach of its banking agreements was like
Read moreLONDON, Jan 14 (Reuters) - U.S. private equity firm Apollo Global Management LLC is not planning a takeover of HMV after buying some of the struggling British entertainment retailer's debt, a source familiar with the situation told Reuters. HMV has struggled in declining music, DVD and games market
Read moreShares in entertainment retailer HMV plunged 28.80 per cent to 1.10p at 14:04 on Friday afternoon following an announcement that the company would have a sale over the weekend. The news comes less than a month after the company published its interim results disclosing that there was uncertainty as
Read moreThe FTSE Small Caps index adds 0.3 percent by midday, lagging slightly bigger gains by the mid caps, ahead 0.5 percent, while the blue chips gain 0.2 percent. African Mining and Exploration jumps 7.7 percent as the West Africa-focussed gold explorer says it has completed a resource definition drilli
Read moreShares in HMV Group fall 9 percent as the struggling British entertainment retailer, which has said it is likely to breach its banking agreements this month, launches a big January sale, offering 25 percent discounts on some products, to boost trade. Retail analyst Nick Bubb says: "The rumour mill i
Read more(Corrects jobless rate to close to a 15-year high, from 13-year high in second paragraph) * Plan is first step towards court-ordered restructuring * Retail chain employs 1,000 staff in France * The latest sign of industry woes By Dominique Vidalon and Noëlle Mennella PARIS, Jan 4 (Reuters) - Books-
Read more* Tuesday fall of Christmas Day points to late rush * Europe's Christmas spending seen down 0.8 pct * Disparity in spending between northern, southern Europe By James Davey LONDON, Dec 20 (Reuters) - Cash-strapped Europeans are playing a multi-billion dollar game of chicken this Christmas, holding b
Read moreA former employee at the centre of the Rolls-Royce corruption case has claimed the company paid a second bribe of 25m dollars to an Indonesian businessman to help it to secure a 2010 jet engine contract. The British aero-engine maker won a 420m dollars (260m pounds) contract in July 2010 from Garuda
Read moreNomura has reiterated its 'buy' rating and 1,600p target price for natural gas giant BG Group, following the appointment of a new Chief Executive Officer (CEO) in Chris Finlayson. "The timing of the announcement of a new CEO is in line with guidance from BG's Chairman earlier in the year. It remove
Read morePanmure Gordon has maintained its 'hold' rating and eight-pence target price for entertainment retailer HMV following the company's first-half results, in which it revealed that it would likely breach its banking covenants next month. "A tough summer has been followed by a difficult Q3 and it is no
Read moreFinancially troubled entertainment retailer HMV warned of a probable covenant breach at the end of January 2013 and said it is unlikely to achieve full year expectations. The high street retailer, which sells CDs, DVDs and games, said current market conditions, and in particular volatility in its c
Read moreStruggling retailer HMV said it had sold UK music and media business, MAMA Group, for 7.3m pounds. The deal, of which £3.5m will be deferred for 12 months, includes its separately held interest in 50% of Mean Fiddler Group. The proceeds of sale will be used to reduce the company's debt. HMV sai
Read moreFootsie's movements were being directed by the Grand Old Duke of York today and, as in the old nursery rhyme, ended the day more or less neither up nor down. Extra time often leads to penalties What was set up to be the big item of the day, the decision from the independent directors of mining gr
Read moreAfter a bright start London reversed course shortly after 10:00 and the top-share index is now little changed. Miners are still going well, clawing back some of yesterday's losses, but utilities are out of favour, especially National Grid, after JP Morgan Cazenove downgraded the stock to "underweig
Read moreHaving taken a hammering yesterday in the wake of the gloomy manufacturing news from China, miners are bouncing back this morning, dragging the Footsie higher. Of all the companies in the mining sector, Xstrata and Glencore are likely to be closely watched ahead of the deadline on Monday relating t
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