More than 3,000 jobs are expected to be saved by a deal to rescue part of struggling retailer Game Group by a turn-around investment firm in a boost for the high street.

Nearly 6,000 staff at Game Group are facing an uncertain future after the struggling video games retailer collapsed into administration.

It is understood that attempts to find a buyer to take on Game Group have failed and that the company is to go into administration.

Lenders of stricken Game Group are working on plans to buy the slimmed-down retailer out of administration, it was reported today.

Sainsbury’s topped London’s leading shares index after revealing better-than-expected sales on an otherwise lacklustre day for the market.

London’s leading shares index struggled to make significant progress today as fears over growth in China and the rumbling eurozone debt crisis troubled investors.

A gloomy forecast from the Bank of England compounded fears over the future of the eurozone and further knocked the confidence of investors today.

A jump for Wall Street stocks amid hopes of action to tackle the eurozone debt crisis helped the London market end a run of volatile trading today.

Game Group today warned that a new batch of video games launched at a key trade show last week had failed to convince it the market was set to improve.

The Bank of England’s downgrading of the UK’s growth forecast could not stop the FTSE 100 Index from making gains today.

The Christmas retail reporting season created more winners and losers today as the wider market eased back from yesterday’s fresh two-and-a-half year high.

Takeover talk surrounding a raft of blue chip stocks was not enough to offset the impact of a stronger dollar on commodity shares today as the London market edged lower.

Video games and consoles retailer Game Group today warned profit margins would be hit as it runs more promotions to reverse falling sales.

The FTSE 100 Index just managed to keep its head above water today after spending much of the session in the red following mixed economic data from the US and concerns over European debt.

Argos and Homebase owner Home Retail Group is set to lose its blue-chip status when the latest quarterly review of the FTSE 100 Index takes place next week.

Stocks soared on both sides of the Atlantic today in a welcome rally spurred on by a strong start to the second-quarter earnings season.

Further signs of progress on BP’s attempts to plug the oil spewing into the Gulf of Mexico drove a fresh surge in the company’s shares today.

BP shares rose by 8% today despite the oil giant’s announcement that it will axe dividend payments for the first time since the Second World War.

Video games and consoles retailer Game Group today said sales would decline throughout 2010 as it turned to a former Vodafone boss to help revive its fortunes.

Battered oil giant BP was hit by another sell-off today as £5bn (€6.06bn) was wiped off the value of the blue-chip heavyweight.

Shell-shocked investors in BP saw shares fall by as much as 12% today as angry US politicians threatened a legal challenge to block it paying dividends.

Disappointing US jobs figures brought an abrupt end to stock market recovery efforts today as the FTSE 100 Index slumped 1.6% into the red.

The FTSE 100 Index relapsed into the red today as it gave back Tuesday's gains on persistent fears over the Greek debt crisis.

The FTSE 100 Index shed almost 1% today after weaker metal prices caused a slump for shares in mining companies.

Videos games and consoles retailer Game Group today said its chief executive had stepped down as the firm unveiled a 27% fall in annual profits.

The FTSE 100 Index slipped more than 1% by noon today as weakness in banking stocks offset one of the London market's biggest takeover deals of recent times.

Energy and banking firms were out of favour with investors today as the London market slid lower.

Christmas failed to bring any cheer for retailer Game Group as the continuing slump in the computer games market saw a further slide in its sales.

The FTSE 100 Index rose 1% today as positive economic news tempted buyers into the market.

London’s blue chip share index pushed into positive territory today after the Bank of England held steady on its monetary policy and financial firms climbed.

Computer games retailer Game today said the decline in its sales had slowed following a number of blockbuster software releases.

The London market slipped into losses today after a big jump in US oil supplies fuelled concerns over weak energy demand.

Game Group today posted a 67% drop in first half profits but said trading had returned to more “normal” levels after last year’s record-breaking software launches.

The FTSE 100 Index limped into the black today as a better than expected start on Wall Street helped the London market claw back early losses.

The FTSE 100 Index was back in negative territory today as investor caution weighed on bank and mining stocks once more.

PC and video game retailer Game Group said today that trading remained in line with the board’s expectations.

Game Group announced record sales and profit figures today after new products such as Nintendo’s Wii Fit helped to broaden the appeal of gaming.

The FTSE 100 Index closed in the red for the fifth session in a row today as economic fears and banking losses weighed on the London market.

The FTSE 100 Index ended the last session before Christmas on a losing note today amid more bleak news for the retail sector.

The FTSE 100 Index was on the back foot today amid more bleak news for the retail sector in the run-up to Christmas.

Commodity stocks propped up the FTSE 100 Index today despite a more difficult session for retailers in the wake of Woolworths’ closing-down sale.

Gains for commodity stocks put the London market in positive territory today despite pressure on retailers in the wake of Woolworths’ closing-down sale.

The FTSE 100 Index finished lower today as worries over the impact of dire Christmas trading conditions continued to hammer shares in the sector.

The FTSE 100 Index pulled out of its tailspin today after earlier diving below the 4000 barrier.

London’s leading share index closed in positive territory today despite a rollercoaster session that saw blue chips swing between losses and gains.

The London market faced more pressure today amid a glut of poor economic news and record oil prices.

Surging demand for the latest blockbuster video games and consoles has so far belied the squeals of pain from other retailers facing up to a high street squeeze.

Video game retailer Game Group saw shares in the UK tumble as much as 14% today after a sell-off by the company’s two most senior directors.

Demand for Nintendo games and consoles set Game Group among the Christmas high street winners today but the retailer also warned of slower growth this year.

Further signs of gloom on the UK high street emerged today with a report showing the number of retailers reporting downbeat trading hit its highest level in two years in the last three months of 2007.