Concerns about the profit potential of retail firms forced the FTSE 100 to take a hit by the end of ...
Concerns about the profit potential of retail firms forced the FTSE 100 to take a hit by the end of today's trading, leaving the FTSE 100 down 25.4 points or 0.6% to 4077. EMI Group and its rival HMV had differing performances after the New York Post revealed subpoenas are being sent to ISPs to get hold of the names of individuals or firms which are believed to be trading music electronically. EMI added 4p, or 3.2%, to 128p but HMV, which also owns Waterstones, didn't do so well because Advent International – a US buyout firm – sold a huge 31.8m chunk of its shares, totaling around ...
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