Jessops Worth Just 3 Week's Turnover!

Accountancy Age has reported that troubled UK camera retailer Jessops is now valued at the equivalent of just three weeks turnover. Writing for Accountancy Age, Alan Hawkes points out that shares are down 92% this year, the company's new banking facility with HSBC is probably very expensive (given the risk), and any replacement for Jessops' departing Finance Director will have to take responsibility for turning the plummeting company around pretty sharpish.