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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

Australia's APN shares slump

Shares in the Australasian newspaper and radio group APN fell sharply after Independent News & Media announced that it could not find a buyer for its 39.1% stake. APN, which is due to release its full-year 2008 results on February 25, is expected to report a net profit of A$148m (£70m), about 11.4% down on the previous year. (Sources: New Zealand Herald/Bloomberg)

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