HMV's diversification pays off

06/30/2010 | Bloomberg Businessweek

HMV Group reported an 11% rise in full-year profit. "HMV has long-term challenges," John Stevenson, an analyst at KBC Peel Hunt, wrote in a note to investors. "However, management has set out a clear strategy to develop and diversify earnings, with profit before tax underpinned by cost savings, the new live division, new product categories and Waterstone's recovery."

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