HMV will today finalise the sale of its Waterstone’s book chain in a £53m (€60m) deal that should help it secure its immediate future.

HMV will tomorrow finalise the sale of its Waterstone’s book chain in a £53m deal that should help it secure its immediate future.

Ailing HMV was today thrown a lifeline by its lenders following a deal that will give Britain’s taxpayer-backed banks a stake in the retailer.

Embattled retailer HMV said today that it had agreed a refinancing deal which will secure its immediate future.

Embattled high street retailer HMV was today reported to be on the verge of a refinancing deal that will secure its immediate future.

STRUGGLING British entertainment retailer HMV is to sell its Waterstones book chain to a Russian billionaire, using the £53 million (€60.55m) proceeds to cut debt as it fights to stay in business.

Embattled retailer HMV Group today said it had agreed a deal to sell its book shop chain Waterstone's to a Russian billionaire for £53m (€60.1m).

Early losses on Wall Street kept London’s FTSE 100 Index in the red today amid investor caution over a Chinese rate hike and fresh European economic woes.

London's FTSE 100 Index pulled back from its six week high today as banks and commodity stocks weighed on the market.

Embattled retailer HMV Group said today that it had secured more time in its battle for survival, despite issuing a third profits warning this year.

The sale of bookseller Waterstone’s moved a step closer today when embattled HMV confirmed it was exploring options for the chain.

Struggling retailer HMV could put its book store chain Waterstone's up for sale as part of turnaround plans to be revealed to its banks this week, it has been reported.

Embattled retailer HMV revealed further trading woes today as it warned it would miss profit targets for the second time this year.