GAME set and match
The administrators have been called in to perform the last rites on GAME Group, the video games retailer which crashed and burned in March.
The administrators have been called in to perform the last rites on GAME Group, the video games retailer which crashed and burned in March.
The board of GAME said the decision to pull the plug was taken "after careful consideration and ceaseless interrogation of every possible alternative."
The writing was on the wall for the cash-strapped retailer when reports erged in February that it was having trouble securing supplies of hot new games from publishers who feared they would not get paid should the company go belly-up.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Less than six months ago the shares were trading above 24p, but went into a tailspin in November when the company warned that revenues were falling off a cliff.
jh
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?
Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
By Kalpana Fitzpatrick Published
-
What does Rachel Reeves’s plan for growth mean for UK investors?
Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
By Katie Williams Published