HMV, the music and games retailer, has benefited from the demise of rivals and posted an 18% increase in full-year profits.The group said pre-tax profits for the 12 months to April 25 were 11.5% ahead at £63 million. Furthermore, annual group-wide pre-tax profit totalled £61.3 million, compared with the £52 million reported a year ago.According [...]

More: HMV profits boosted by collapse of Woolworths and Zavvi