EMI&#39;s upbeat tone lifts shares
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EMI shares surged 15 per cent yesterday after the record company unveiled weaker interim profits and revenues but gave a robust outlook on the back of impending releases from artists including the Rolling Stones and Coldplay.
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Mining stocks made gains on Thursday amid talk of further M&A activity.
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London equities started to recover on Thursday as investors looked for bargains after two days of selling. Strong earnings news from Reuters and British American Tobacco also helped lift the gloom.
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EMI, the world&#39;s third-largest music group, reported a drop in first-half profits on Friday but said the beleaguered industry was rebounding as online music sales start to take off.
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Shares in London began trading to the upside on Tuesday with Marks &amp; Spencer leading gainers after cheering investors with an upbeat trading statement.
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Shares opened moderately higher a day after stocks staged an extraordinary reversal and after weekly unemployment figures suggested the job market is holding up.
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Stocks rose on Wednesday as Apple Inc.  gained on positive brokerage comments about new iPod players, leading a rebound in technology shares.
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European equity markets made a positive start to trading on Monday and moved higher by mid-morning, helped by strength in the banking and carmakers sectors.
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Shares rose in early trading in London Thursday, in line with other European markets, after a recovery for Japanese share prices and an overnight rebound on Wall Street.
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Europe&#39;s main stock markets rallied on Tuesday following a modest rebound for Japanese equity prices in Asian trade.
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A WEAK dollar and a lack of major album releases saw music giant EMI&#39;s sales slide again in the past six months. But chairman Eric Nicoli sang an uncharacteristically upbeat tune today when he said sales in
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Leading shares finished the session comfortably higher, at their best levels in almost 2-1/2 years, boosted by positive news from BSkyB and a broadly positive morning on Wall Street, dealers said.
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Europe&#39;s main stock markets rebounded on Thursday as investors geared up for interest rate decisions from the European Central Bank and the Bank of England.
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European shares opened firmer on  Thursday led by ABN AMRO as investors applauded the savings the  Dutch broker will make from cutting jobs.
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Calm is restored on financial markets, with East Asian shares rising after an overnight recovery in the US.
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LONDON -- Shares of record company EMI Group PLC, whose artists include David Bowie and the Beatles, rose more than 6 percent Tuesday after a report that the company is in talks with private equity firms about a possible takeover.
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London equities closed higher on Monday after upbeat broker comment helped property stocks bounce back.