EMI, wobbles and stutters have now seems to have hit the financial edge.
Spiralling share price has given rise to deluge of speculation of what action the bosses can take to save the company from collapse or takeover. Observer experts James Robinson and Richard Wachman muse over the music division spinning off to a seperate trimmed down company. Leaving it alone with the profitable publishing arm.

The Times' Louise Armitstead and Paul Durman  think the opposite would happen. And in an act of solidarity between the divisions that the company would borrow £1billion against the publishing assets. A bet to rebuild the company with a sizable war-chest for new ventures and artists.

After last years salvo of bidding with Warner Music. All this uncertainty would make EMI an easy target for takeover if it wasn’t for the fact that we don’t seem to be able to have any fewer record companies.

And if the profits warnings are something to dump shares buy, then surely looming takeovers are reasons to buy them?