Trading 'under serious pressure'
Catalogue retailer Dream Direct has reported widening losses as it attempts to reposition itself away from its core PC software market.

Sales in the six months to September 30 were flat at£4.95 million, while losses increased to£737,000 compared with£447,000 a year earlier.

Chief executive Robert Colquhoun said: 'Current trading is under serious pressure. Despite this, Christmas trading is still showing good rates of growth and we remain confident of delivering a maiden profit in the current year.'

The company, which specialises in catering for the over-50s market, has invested over the past two years in launching and marketing new catalogues. New products areas include toys and hobbies, video and DVDs and outdoor pursuits.