Shares in UK video game group plunge today

Shares in UK video games group Bits Corp tumbled 47% today after it revealed a decision to pull the plug on a publishing deal had blown a hole in revenues.

Shares in UK video game group plunge today
Tue, 06 Aug, 2002 - 15:24

Shares in UK video games group Bits Corp tumbled 47% today after it revealed a decision to pull the plug on a publishing deal had blown a hole in revenues.

The group plans to raise £390,000 ((€622,000) by issuing nearly 10 million new shares in the City to compensate for a "substantial shortfall" in cash.

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CourtsHeathrowPlace: UKPerson: ChairmanPerson: John CorrePerson: CorreOrganisation: Bits CorpOrganisation: Nintendo
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