Buoyant Emap Returns to FTSE 100

23 October 2002

British magazine giant Emap is back in the FTSE 100, a sign that it is recovering after a dismal couple of years.

With a market capitalisation of £1.8 billion ($2.8bn; €2.8bn), the group dislodged gas network operator Lattice from the elite hundred stocks.

Emap’s shares closed at 731p Tuesday evening, well up from their September 2001 nadir of 455p, albeit a far cry from their peak at 1675p in January 2000.

Emap’s stock price was dragged down last year by its unsuccessful foray into the US, where it purchased Petersen Publishing then later sold it at a loss of nearly $1bn [WAMN: 02-Jul-01].

Data sourced from: BrandRepublic (UK); additional content by WARC staff