EMI issues profits warning

Music giant EMI today warned of a major blow to profits after it revealed annual sales at its music division could be down by as much as 10%.

EMI issues profits warning
Fri, 12 Jan, 2007 - 07:23
1

Music giant EMI today warned of a major blow to profits after it revealed annual sales at its music division could be down by as much as 10%.

The group blamed weak market conditions over Christmas and lower than expected sales from EMI Music’s recent portfolio of releases.

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