The one-minute expert

Your essential companion to this week's big events

In the news because?

Britain's rentals and music giant will this week announce its last results before its planned break up this summer.

How is it doing?

Pretty good. Analysts are predicting profits for the year ending March 31 will be around pounds 520m, up 23 per cent from pounds 423.6m last year.

They must have had a big hit. Was it Blur?

Well, they do have Blur on their books, but the real money spinners were four Liverpool lads - the Beatles.

Not so trendy after all?

The Beatles Anthology, which sold 12.5 million copies, is a bit of a rehash, but the company is following the latest corporate fashion trend by de- merging.

Even though its doing so well as a single company?

That's a bit of a thorny question. Chairman Sir Colin Southgate feels the company's parts are greater than their sum.

How long have the parts been united?

About 17 years. EMI ran into trouble in the late 1970s. The oil crisis devastated its leisure business, while a US law restricted sales of its CAT scanners just as it was spending huge amounts on a new generation.

They scanned cats?

CAT scanners are medical devices that let you see what's going on inside a body - human or feline. It's a bit like an X-ray for organs instead of bones.

What on earth has that got to do with music?

Well, they are somewhat related. CAT scanners use sound waves to probe the body. A scientist at EMI invented the devices. The company's name, after all, used to stand for Electric and Musical Industries.

How did Thorn come into the picture?

Julius Thorn was an immigrant who started selling imported light bulbs in 1928. His business grew into Thorn Lighting which eventually bought EMI.

And now its changed its mind and is selling EMI?

No, EMI is selling Thorn. If shareholders approve it will be floated off as a separate company.

The advantage being . . .

Takeover bonanza. Analysts don't think EMI can survive long by itself. It will be the only big music company in the world not attached to a multi-media conglomerate. Bid fever should drive its shares way up the charts.

So why hasn't anyone bid for the group as a whole?

Investors, it seems, are a bit thick. They can't see EMI's value because its confused with Thorn's.

The value in EMI being its ability to spot new talent?

Almost. Its value is its ability to spot old talent. Or its old ability to spot new talent. The company has more than 1 million recordings dating back to 1897, including its first superstar - operatic tenor Enrico Caruso.

And will Thorn be a takeover target too?

Possibly. That part of the company has successfully adopted American rent-to-own practices. But, let's face it, it's not nearly as sexy as the music biz.

Not that corporate takeovers are driven by sexiness.

Certainly not. Nothing so base. Cold hard industrial logic only.

Tomorrow

Statistics: UK May producer prices.

Interims: Berisford, Treatty.

Finals: Christian Salvesen, Unigate.

TUESDAY

Statistics: April new construction orders, April industrial production.

Interims: NFC, Thorn EMI.

Finals: Amersham International, Babcock International, East Midlands Electricity, Great Portland Estates, Northern Foods, Severn Trent.

WEDNESDAY

Statistics: May jobless, April average earnings, unit wage costs.

Interims: Granada Group.

Finals: BAA, Bristol Water, London Insurance Market.

THURSDAY

Statistics: May retail prices.

Interims: Daily Mail & General Trust, Dewhurst, GWR Group.

Finals: Johnson Matthey, London Electricity, Regalian Properties.

FRIDAY

Finals: Osborne & Little, Yorkshire Electricity.

Sport
Thiago Silva pulls Arjen Robben back to concede a penalty
world cup 2014Brazil 0 Netherlands 3: More misery for hosts as Dutch take third place
Sport
Robin van Persie hands his third-place medal to a supporter
Van Persie gives bronze medal to eccentric fan moments after being handed it by Blatter
News
Ian Thorpe had Rio 2016 in his sights
people
Life and Style
Swimsuit, £245, by Agent Provocateur
fashion

Diving in at the deep end is no excuse for shirking the style stakes

PROMOTED VIDEO
News
scienceScientists have developed a material so dark you can't see it...
News
Monkey business: Serkis is the king of the non-human character performance
peopleFirst Gollum, then King Kong - now the actor is swinging through trees in Dawn of the Planet of the Apes
Arts and Entertainment
Blackman: Landscape of children’s literature does not reflect the cultural diversity of young people
booksMalorie Blackman appeals for a better ethnic mix of authors and characters and the illustrator Quentin Blake comes to the rescue
Voices
Mrs Brown's Boy: D'Movie has been a huge commercial success
voicesWhen it comes to national stereotyping, the Irish know it can pay to play up to outsiders' expectations, says DJ Taylor
Arts and Entertainment
Curtain calls: Madani Younis
theatreMadani Younis wants the neighbourhood to follow his work as closely as his audiences do
Life and Style
Douglas McMaster says the food industry is ‘traumatised’
food + drinkSilo in Brighton will have just six staple dishes on the menu every day, including one meat option, one fish, one vegan, and one 'wild card'
Life and Style
Once a month, waistline watcher Suran steps into a 3D body scanner that maps his body shape and records measurements with pinpoint accuracy
techFrom heart rates to happiness, there is little this fast-growing, self-tracking community won't monitor
News
ebookA unique anthology of reporting and analysis of a crucial period of history
Sport
Mario Balotelli, Divock Origi, Loic Remy, Wilfried Bony and Karim Benzema
transfersBony, Benzema and the other transfer targets
News
Soft power: Matthew Barzun
peopleThe US Ambassador to London, Matthew Barzun, holds 'jeans and beer' gigs at his official residence. He says it's all part of the job
Sport
Joe Root and James Anderson celebrate their record-beaking partnership
cricketEngland's last-wicket stand against India rewrites the history books
News
Gavin Maxwell in Sandaig with one of his pet otters
peopleWas the otter man the wildlife champion he appeared to be?
News
Rowsell says: 'Wearing wigs is a way of looking normal. I pick a style and colour and stick to it because I don't want to keep wearing different styles'
peopleThe World Champion cyclist Joanna Rowsell on breaking her collarbone, shattering her teeth - and dealing with alopecia
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Information Security Manager (ISO 27001, Accreditation, ITIL)

£70000 per annum: Harrington Starr: Information Security Manager (ISO 27001, A...

Biztalk - outstanding opportunity

£75000 - £85000 per annum + ex bens: Deerfoot IT Resources Limited: Biztalk Te...

Trade Desk Specialist (FIX, Linux, Windows, Network Security)

£60000 per annum: Harrington Starr: Trade Desk Specialist (FIX, Linux, Windows...

Service Desk Analyst (Windows, Active Directory, ITIL, Reuter)

£35000 per annum: Harrington Starr: Service Desk Analyst (Windows, Active Dire...

Day In a Page

Iraq crisis: How Saudi Arabia helped Isis take over the north of the country

How Saudi Arabia helped Isis take over northern Iraq

A speech by an ex-MI6 boss hints at a plan going back over a decade. In some areas, being Shia is akin to being a Jew in Nazi Germany, says Patrick Cockburn
The evolution of Andy Serkis: First Gollum, then King Kong - now the actor is swinging through the trees in Dawn of the Planet of the Apes

The evolution of Andy Serkis

First Gollum, then King Kong - now the actor is swinging through the trees in Dawn of the Planet of the Apes
You thought 'Benefits Street' was controversial: Follow-up documentary 'Immigrant Street' has got locals worried

You thought 'Benefits Street' was controversial...

Follow-up documentary 'Immigrant Street' has got locals worried
Refugee children from Central America let down by Washington's high ideals

Refugee children let down by Washington's high ideals

Democrats and Republicans refuse to set aside their differences to cope with the influx of desperate Central Americas, says Rupert Cornwell
Children's books are too white, says Laureate

Children's books are too white, says Laureate

Malorie Blackman appeals for a better ethnic mix of authors and characters and the illustrator Quentin Blake comes to the rescue
Blackest is the new black: Scientists have developed a material so dark that you can't see it...

Blackest is the new black

Scientists have developed a material so dark that you can't see it...
Matthew Barzun: America's diplomatic dude

Matthew Barzun: America's diplomatic dude

The US Ambassador to London holds 'jeans and beer' gigs at his official residence – it's all part of the job, he tells Chris Green
Meet the Quantified Selfers: From heart rates to happiness, there is little this fast-growing, self-tracking community won't monitor

Meet the 'Quantified Selfers'

From heart rates to happiness, there is little this fast-growing, self-tracking community won't monitor
Madani Younis: Five-star reviews are just the opening act for British theatre's first non-white artistic director

Five-star reviews are just the opening act for British theatre's first non-white artistic director

Madani Younis wants the neighbourhood to follow his work as closely as his audiences do
Mrs Brown and her boys: are they having a laugh?

Mrs Brown and her boys: are they having a laugh?

When it comes to national stereotyping, the Irish – among others – know it can pay to play up to outsiders' expectations, says DJ Taylor
Gavin Maxwell's bitter legacy: Was the otter man the wildlife champion he appeared to be?

Otter man Gavin Maxwell's bitter legacy

The aristocrat's eccentric devotion to his pets inspired a generation. But our greatest living nature writer believes his legacy has been quite toxic
Joanna Rowsell: The World Champion cyclist on breaking her collarbone, shattering her teeth - and dealing with alopecia

Joanna Rowsell: 'I wear my wig to look normal'

The World Champion cyclist on breaking her collarbone, shattering her teeth - and dealing with alopecia
Bill Granger recipes: Our chef gives raw ingredients a lift with his quick marinades

Bill Granger's quick and delicious marinades

Our chef's marinades are great for weekend barbecuing, but are also a delicious way of injecting flavour into, and breaking the monotony of, weekday meals
Germany vs Argentina World Cup 2014 preview: Why Brazilians don't love their neighbours Argentina any more

Anyone but Argentina – why Brazilians don’t love their neighbours any more

The hosts will be supporting Germany in today's World Cup final, reports Alex Bellos
The Open 2014: Time again to ask that major question - can Lee Westwood win at last?

The Open 2014

Time again to ask that major question - can Lee Westwood win at last?