POLYGRAM ENTERTAINS CITY WITH MUSIC PROFITS UP 44%.
Polygram, the Dutch entertainment giant recently bought for USD10.4bn (GBP6.2bn) by Canada's Seagram, surprised analysts with a 44% jump in profits at its troubled music division. The results, buoyed by strong sales from artists such as The Beautiful South and Sheryl Crow, helped shares in EMI, PolyGram's embattled British rival, rise nearly 5% to 359p, compared with their high of 738.5p in 1996. The sale of PolyGram - currently controlled by the Dutch electronics giant Philips - is likely to be...
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