Video game sector seeks way out of inferno

Apple’s iPad console, as well as motion-sensing controllers for existing ones from Microsoft and Sony, and a strong line-up of games could provide salvation for the video game industry

• Electronic Arts predicts fall in sales
• In depth: Apple

Lotte expands its retail empire

South Korean group puts pressure on rivals including Britain’s Tesco by expanding its retail empire, purchasing department and discount stores from local rival GS Retail

Coke gets lift from emerging markets

Coca-Cola earned $1.54bn in the fourth quarter, up 55%, paced by strong revenues outside North America, particularly in Eurasia and Africa, and matching expectations

Increase in retail CVAs expected

A fresh wave of company voluntary agreements from retailers is anticipated in coming months as the lagged impact of the recession takes effect, KPMG warns

Mothercare to supply clothing to Boots

Children’s wear range will be available exclusively in Boots from the autumn and will allow Mothercare to boost high-street sales as it goes out-of-town

Tui Travel bullish on summer bookings

The tour operator said that second-quarter profitability had been significantly better than in the first quarter, in which it incurred a pre-tax loss of £166m

Halfords considers bid to acquire HobbyCraft

David Wild, chief executive of Halfords, is considering a bid for HobbyCraft, the privately owned retailer

Ethel Austin back in administration

Value clothing chain Ethel Austin has gone into administration for the second time in two years,