Game Digital reveals 'significant’ reduction in credit insurance cover

Retailer tells shareholders ahead of refinancing vote that poor Christmas led to insurers lowering or removing protection

Game Digital has told shareholders it lost "significant" levels of credit insurance in the aftermath of a second year of poor Christmas trading.

In a letter sent to shareholders ahead of Thursday's vote on its refinancing, the chairman, David Hamid, said a review by the major credit insurers resulted in the "reduction or removal of significant levels of insurance cover".