PART ONEQuestions 1-8Look at the statements below and at the five newspaper items about different companies on the opposite page.l Which company (A,B,C,D or E) does each statement(1-8) refer to?l For each statement(1-8), mark one letter (A,B,C,D or E) on your Answer Sheet.l You will need to use some of these letters more than once.l There is an example at the beginning(0) 1 Shares in this company have stopped rising in value.2 This company has again revised its growth targets downwards.3 A problem experienced by this company has led to a change of personnel.4 Suppliers may refuse to charge this company less for their goods.5 A period of rapid growth immediately preceded a fall in this company's share price.6 This company's reputation differs from that of its competitors.7 This company is planning to operate from fewer sites.8 A rise in the value of this company's shares appears to depend on the success of its present strategy. AAngusSince coming to the market five years ago, Angus has enjoyed great respect, considerably more than its peers in construction and building materials. This has been well deserved, with its initial profits now four times as great. However, the company's recent warning that such growth is unlikely to be maintained has caused a leveling off in its share price. Investors apparently want to see evidence that the current expansion into North America is paying off and paying for the large workforce, before pushing Angus shares any higher. BJohnson'sSteven Green, chairman of the ailing furniture manufacturer Johnson's, has produced his long-awaited turnaround plan for the company, comprising aggressive cost savings targets and some optimistic-looking profit forecasts. Further reducing the cost of raw materials by 15% is perhaps over-ambitious, given the resistance to the 5% cut the company imposed last year. Remaining savings should be more easily achievable through improving manufacturing efficiency, including job cuts and plant closures. Should Johnson's miss those targets, including returning to an operating profit as early as next year, Green's job could rapidly be in danger. CHora ProductsFour years ago, the shares of Hora Products, the watches and handbags distributor and retailer, stood at 405p. At that time, Hora revealed profits up by a third to £22m, but warned that growth was unlikely to continue at such a pace. The shares immediately dropped 11% and kept on falling, until they hit a trough of 64p. Last year Hora decided to concentrate on its volume divisions, which include the Lagoon and Horato watch brands, and disposed of all its luxury marques, a strategy that will be watched with interest by its rivals. DFor youA 2% drop in UK like-for-like sales in the last 3 months has forced healthcare retailers ForYou to issue a profit warning, with a suggestion that earnings for the year are likely to be cut by 10-15%. Management has been accused of over-optimism in believing it could deliver 40% new product growth annually. The turmoil resulting from this strategy will increase stock-carrying costs by £3m, and has resulted in the resignation of the director responsible for product and marketing. The shares closed on Friday at 76p, down 29% in the last year. ED&KConsumer goods giant D&K has already abandoned the targets it set only six months ago. At the time, the new chief executive Gerald Lansbury made much of his move away from his predecessor's goals for growth in sales and earnings to more realistic figures. Clearly, though, his more modest ambitions are still not modest enough: D&K has real problems with losses in market share, and faces stagnating sales. Yesterday, sure enough, Lansbury set his sights even lower, blaming market conditions for the company's poor performance.1.______ 2.______ 3.______ 4.______ 5.______ 6.______ 7.______ 8______