Game shares plummet as suppliers stop trading

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STRUGGLING video game retailer Game Group, which has shops in Portsmouth and Fareham, says its suppliers are now refusing to do business with the company.

There is speculation that Game, which recently issued a profit warning, will struggle to pay a quarterly rent bill due later this month.

Shares in the group plummeted by 67 per cent when the latest problems were revealed.

Game said it was ‘working actively to resolve these issues as quickly as possible’, but that it was unsure if its efforts would be successful.

Game has seen its business eroded by competition from online-only retailers such as Steam and Amazon.

The company, with headquarters in Basingstoke, has 1,300 stores worldwide.