- 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.