There was a little comment in the latest announcement, indicating that "times are tough", which the media interpreted as a new, major, significant profit warning.
Beat up story about how the shares "slumped more than 6%" immediately after the announcement.
Major BS, in my view.
The media completely (and conveniently) ignored several important facts:
* Profit warning is not new
* shares were up around 9% the previous day, with no report in the media
* closed only down 3%, which is not brilliant, but reasonable, all things considered
* Most importantly, even after the supposed "crash" in the share price, it is STILL trading at its highest level in months - except for the ONE DAY previously (when it gained 9%)
More than anything, these reports just show how biased and unreliable the media are.
tv finance news says profit warning, page-2
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