Hot summer melts Home Entertainment's profits

British video rental group Home Entertainment Corporation today said last year’s hot summer had caused its first profits fall since 1990.

British video rental group Home Entertainment Corporation today said last year’s hot summer had caused its first profits fall since 1990.

The Peterborough-based group, which owns the Choices video shop chain, said pre-tax profits had dropped 20% to £4.7m (€6.9m) in the 53 weeks to June 5.

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