HMV shares fall as finance director follows Fox to the exit

Shares in beleaguered retailer HMV fell sharply in early trading after it confirmed its finance director is set to follow former chief executive Simon Fox out of the door.

The high street retailer - which has been in structural decline for years as internet retailers undercut its prices - saw shares drop 6.3% to 3.4p by late morning, after another senior executive announced he will leave the firm. HMV said David Wolffe, its group finance director, has indicated his intention to leave the company, just days after chief executive Fox brought his six-year tenure to a close. Fox himself had come in to turn around the ailing business, instigating a series of cost-cutting measures which included closing stores, as well as attempting to expand HMV's own online...