Entertainment group HMV insisted today that it still has a future – despite reporting a further drop in sales in the run-up to Christmas.

Struggling retailer HMV today said it was looking to sell its live music division as it bids to bolster its finances after it nearly doubled half-year losses.

The boss of struggling entertainment group HMV today vowed to press on with plans to overhaul its technology offering as he reported another plunge in sales over the summer.