Borders could struggle to find trade buyer

<p>The Independent suggests that finding a trade buyer for Borders could prove difficult. Given the difficult climate in the UK, analysts were at a loss to come up with a likely trade buyer, the newspaper reports. Matthew McEachran, a retail analyst at Kaupthing Singer &#38; Friedlander, said: &quot;It&#39;s been a very tough market for specialists and a lot of the trade players have their hands full.&quot; WH Smith would struggle to buy it given its current market share, he added.</p><p>HMV is the biggest player, having added Ottakar&#39;s to its Waterstone&#39;s chain. The group holds about 25 per cent of the market share, while WH Smith has about 16 per cent and Borders about 7 per cent. However, HMV has issued a string of profits warnings in recent months and has announced a rescue plan which could see the closure of up to 30 Waterstone&#39;s stores.<br /></p>