Resurgent Hmv Defies High Street Gloom

Summary


HMV burst through the high street gloom yesterday with the best like-for-like sales figures since it floated on the stock market six years ago.

The group's shares surged 9 per cent at one stage as HMV chief executive Simon Fox, who has masterminded the turnaround at the previously struggling music and books group, revealed like-for-like sales had jumped 9.4 per cent in the five weeks to 5 January.

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Resurgent Hmv Defies High Street Gloom

The company, which owns the Waterstone's book chain, said it believed full-year pre-tax profits would be at ...

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