Wednesday, February 14, 2007

EMI shares dropping like especially heavy flightless birds

We're not sure you can blame it entirely on Robbie Williams' planned swing album looking dubious now, but EMI have issued a fresh profit warning - the second this year. This time, they're saying the six-to-ten percent slump in profits they warned about in January? It might be closer to 15%.

Norah Jones' album didn't do the trick, then, boys?

EMI shares had started a bounce back after falling as low as 201p, but are still nearly 14 per cent down on the day's trading.

If you see one of their executives at the Brits tonight, do the decent thing and don't expect them to buy their own drinks, eh?