SHARES IN high street retailer GAME Group have been suspended, pending further discussions over additional funding.
While a third party has shown interest in providing funding for the computer game retailer, "the board now considers itself to be unable to assess the business's financial position, and is of the opinion that there is no equity value left in the group".
GAME's problems worsened at the end of February when suppliers began to stop providing products to the retailer.
You may also like
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.