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HMV in new profit warning
HMV issued its third profit warning this year, sating it expects profit before tax and exceptional items for the full year to be around £30m.
That is £8m down on what the embattled company estimated just a month ago.
However the music retailer said negotiations over its credit facilities were ongoing and that lending tests would be held on 2 July rather than 30 April.
HMV said in a statement: “The Group’s banking facilities remain fully available, the Group’s lenders continue to be supportive and the Group is maintaining a regular and constructive dialogue with them.”
Last month, HMV said it expected to fail tests set by its lenders if they took place in April.