HMV issues third profit warning

Written By: Lisa Campbell Publication Date: Tue, 05/04/2011 - 09:39 The struggling HMV Group has bought more time to pass covenant tests while issuing a third profit warning. The group, which owns Waterstone's, said "trading conditions have remained difficult" since it issued its last profit warning a month ago and admitted that full year profit before tax was likely to be £30m—£8m down on its last prediction. The figure is less than half of last year's profit of £74.2m and a third down on the £45m city analysts forecasted at the beginning of the year. read more Continue reading at 'The Bookseller'

[ The Bookseller | 2011-04-05 00:00:00 UTC ]
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Why this year's Vanity Fair Hollywood Issue cover is a great leap forward

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Amazon Posts A (Small) Profit

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Hearst Sets Launch for First Issue of Dr. Oz, The Good Life

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How HarperCollins's Chief Digital Officer Uses Big Data To Make Publishing More Profitable

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