EMI shares hit by profit warning
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Shares in record company EMI plunge more than 16% as the company issues a profit warning after lower-than-expected sales.
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TORONTO (CP) - Shares in Molson Inc. came under pressure Friday as the market reacted to a profit warning issued Thursday night. Molson (TSX:MOL.
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MANCHESTER United yesterday reported lower annual profits of Â£27.9m as it warned future results would be affected by a drop in media revenues.
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EMI, the world&#39;s third-largest music group, has reported a 7 percent drop in first-half profits but says the beleaguered industry is rebounding as digital music sales start to take off.
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Warner Music Group said on Wednesday any takeover offer for Britain's EMI Group Plc would probably all be in cash, briefly boosting the London-based company's shares.
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British music company EMI Group Plc  said on Thursday it had ceased discussions over an offer being made for the company as it did not fully reflect the prospects and value of the group.
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EMI, the world's third-largest music group, reported a 7 percent drop in first-half profits on Friday but said the beleaguered industry was rebounding as digital music sales start to take off.
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Shares in Unilever fall after the Anglo-Dutch consumer goods giant issues a surprise profits warning.
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Shares of Vivendi Universal, the owner of Universal Music Group, and Britain&#39;s EMI Group each traded down over 2 percent Friday amid a report that New York Attorney General
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EMI overcame an 11.4 per cent fall in sales to deliver increased profits and margins in the six months to the end of September, it announced yesterday.
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Shares in the UK&#39;s largest insurance broker Jardine Lloyd Thompson (JLT) have taken a tumble after the firm issued a profits warning.
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The FTSE 100 closed lower today, hit by profit taking after breaching the 6,000 level this morning, with a reversal in commodity stocks and an uncertain start by Wall Street making investors nervous ahead of the weekend.
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EMI, the world's third-biggest music company, whose artists include The Beatles, said Tuesday that it would slash between 1,500-2,000 jobs worldwide following its recent takeover by a British private equity firm.
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Shares in Unilever fall after the Anglo-Dutch consumer goods giant issued a surprise profits warning.
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The investment firm posts a strong profit report, but shares slid.
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Media group Emap warns annual profits will be at the bottom of expectations as it battles tough trading conditions.
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EMI, the worldâs third-biggest music company, today said trends in the global music market were improving, despite posting a drop in first-half profit.