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Saturday, July 15, 2006

The Problem With Honesty 

UK Media giant EMAP's shares fell 13.4% after noting that revenue may "be marginally down for the first half." This is one of the reasons I dislike the public markets. Your damned if you're too optimistic (or lie), and probably damned more if you're truthful.

On the good news front, though:

In B2B, excluding public sector recruitment which has declined more rapidly than anticipated, there have been some good performances, with events and information businesses continue to deliver strong underlying growth. Recent additions to the B2B stable, in particular WGSN, continue to perform ahead of plan.

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