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).