HMV shares plummet following news of upcoming sale

Shares in entertainment retailer HMV plunged 28.80 per cent to 1.10p at 14:04 on Friday afternoon following an announcement that the company would have a sale over the weekend.

Shares in entertainment retailer HMV plunged 28.80 per cent to 1.10p at 14:04 on Friday afternoon following an announcement that the company would have a sale over the weekend.

The news comes less than a month after the company published its interim results disclosing that there was uncertainty as to the level of trading results that could be achieved in the year ahead due in part to the volatility in the group's core music, visual and games markets and current market trading conditions.

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