News roundup—DSGi does better than expected, Borders on the brink

  • Despite recording a pretax loss of £17.6 million in the
    24 weeks to 17th October, shares in electronics retailer DSGi
    rose yesterday. The City had been expecting a much bigger loss of
    £23 million to £35 million at the parent company of
    Currys and PC World, reports the Times. Like-for-like sales in
    the last eight weeks of the period rose 1 percent, but were
    down 4 percent overall.

  • Borders will likely fall into administration today, reports
    the Telegraph. Earlier this
    morning news was circulating that BDO had already been
    appointed, though it was later denied by the accountancy firm,
    writes The Bookseller.
    Borders stopped taking orders online on 23rd November.


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