GAME share price jumps 11%

MCV Staff 4th November 2008 Business News

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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