HMV Jumps as Retailer Predicts Profit Restoration

HMV Jumps as Retailer Predicts Profit Restoration

Simon Dawson/Bloomberg

HMV rose as much as 24 percent to 4.6 pence, the steepest intraday gain since Jan. 20, when the company said banks waived a covenant test after support for the retailer from its main music and film suppliers.