, , ) slipped 0.9% after it said that jointly owned mobile phone venture, Sony Ericsson, produced a 91% increase in second-quarter net income but average selling price declined slightly sequentially in the quarter. And magazine publisher Emap (UK:EMA: news, chart,profile) declined 7.7% after it said that its underlying revenue may slip slightly in the first half of the fiscal year due to worsening trading conditions in many of its markets. Trading in the first two months of the fiscal year was in line with expectations but Emap said it has seen an acceleration in the rate of decline in circulation figures for some magazines, and radio advertising has weakened after a good start to the year. "Technology driven structural evolution and difficult trading conditions are combining to create a period of change and volatility," Chairman Adam Broadbent said. Emap noted it expects revenue for the full year to be broadly flat. On the plus side, German subscription TV provider Premiere AG (DE:PREM11: news, chart,profile) surged 23% after it said that it has agreed a deal to market Arena, a new TV channel for the German Bundesliga soccer league, to its cable TV customers. Premiere said that, under the deal, three cable television subsidiaries of Arena parent Unity Media will offer their customers Premiere TV packages. The companies said they will announce further pricing and product details shortly.

European shares close higher on miners and autos 12:01PM 7/12/2006 — Sarah TurnerEuropean shares decline on tech sector pressure 1:40PM 7/11/2006 — Sarah TurnerEuropean markets end higher; L'Oreal up before sales data 12:00PM 7/10/2006 — Sarah TurnerTechnology shares tug at European markets; easyJet rallies 11:53AM 7/7/2006 — Sarah TurnerEurope stock markets rise behind pharmas, autos 12:24PM 7/6/2006 — Sarah TurnerClick Here for More News E-mail RSS Sign up to receive the Personal Finance Daily e-Newsletter.

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