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New consoles boost Game sales

The launch of new consoles from Microsoft and Sony has helped resurgent retailer Game report a 90% hike in sales across its stores.

Online trade surged 213% in the six weeks to January 4. Its festive performance caps a remarkable transformation for the group, which only came out of administration in March 2012 after 600 stores were axed and 2100 jobs lost.

The new owners, an investor group including OpCapita, are reportedly looking at a £300 million flotation.

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