Comet sold for £2 and new owners get £50m sweetener

Loss-making electricals chain Comet has been sold to a turnaround specialists group for just £2, in the latest sign of the dire state of UK consumer electronics spending.

Parent company Kesa Electricals said on Wednesday morning it would additionally give the new owners a £50m dowry, adding that the UK retailer's sales were down almost 20% for the first six months of its financial year.    Read Here