Retailer’s stock grows as other High Street stores suffer
The GAME Group’s share price jumped by over 11 per cent today at the last trade.
According to Reuters, the stock increased to a day high of 152.25p, after opening at 132.5p.
At the last count, the price stood at 144.5p.
The news comes a day after Marks & Spencer reported a sharp drop in fiscal first-half profit and sales, hit by the consumer-spending slowdown, and said it remains cautious about the outlook for the remainder of the year.
The firm’s net profit for the six months ended September 27th dropped 43% to £223.2 million ($353.6 million).
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