Newspaper article The Journal (Newcastle, England)

Companies Today

Newspaper article The Journal (Newcastle, England)

Companies Today

Article excerpt

CHALLENGING GAME Retailer Game Digital saw half-year profits tumble by nearly a third amid "challenging" trading after being hit by weaker-than-expected sales of computer games.

The group, which has more than 320 stores in the UK and over 230 outlets in Spain, revealed pre-tax profits slumped to PS22.5m in the six months to January 23, down from PS33.2m a year earlier.

It was one of the casualties on the high street over Christmas after seeing sales of old-format games for PlayStation 3 and Xbox 360 consoles plunge, while sales of games consoles were also sharply lower.

Game warned over profits just before Christmas Eve after the dire festive trading.

EXCEEDINGLY GOOD Mr Kipling cakes firm Premier Foods revealed it has snubbed a takeover approach from an American suitor and announced a tie-up with noodle giant Nissin Foods.

Premier shares soared more than 47% when it revealed it had turned down an approach by US food group McCormick & Company because it "significantly" undervalued its future growth. …

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