HMV warns it may breach bank agreements

Thursday 20th June

HMV warns it may breach bank agreements

Posted at 8:04AM Thursday 13 Dec 2012

HMV has warned of a "probable" breach of its current banking agreements next month, as continuing tough trading conditions mean the business faces "material uncertainties".

The troubled music, films and games retailer gave the warning as it reported another fall in sales.

Its sales for the six months to 27 October were £288.6m, down 13.5% from a year earlier.

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