The UK’s biggest photographer retailer, Jessops, saw its share price fall by 30% this week as it announced a profit warning. Market analysts slashed 25 to 30% off their profit forecasts, causing Jessops share price to fall 47½p to 107p.

“The company said sales of digital cameras had collapsed in February as shoppers stayed away from the high street. Chief executive Derek Hine said: “It was like a tap was turned off. This is new territory for us. I’ve been in this business for seven years and I’ve experienced nothing like this. This is off the Richter scale.’’”

Telegraph - Jessops hurt as camera sales go out of focus