STOCK WATCH

STRONG sales of Nintendo Switch consoles failed to stop shares in Game Digital falling.

The video game retailer dropped 6pc, or 3.6p, to 56.8p after revealing margins in its hardware business, which includes consoles, had fallen due to the lack of flexibility on pricing from manufacturers.

Between November 1 and January 6, sales rose 5.2pc – the UK contributing 2.9pc.

The group, in which Mike Ashley’s Sports Direct is a major investor, has identified £4m of savings in the UK.