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BREAKING NEWS

HMV profits spin up

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HMV profits spin up

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British music, DVD, games and books retailer HMV has just announced full year profit that was up 11 percent.

The group, which runs over 400 stores under its own name as well as more than 300 Waterstone’s book shops, has cut costs and widened its product mix.

It said next Christmas will be a key test of the success of its plan to develop a broad-based entertainment brand which includes expanding its live music and ticketing business and turning around Waterstone’s.