By the end of this year, over 50 million Europeans will be banking online and this number is set to increase gradually in the next five years, according to a new report from Jupiter Research. The Online Financial Services Forecast 2001-2007 examined activity in seventeen European countries and found that almost 40% of the total… Continue reading Mounting Interest In Online Banking, Says Jupiter
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An official report from the telecoms regulator, Oftel has revealed that UK consumers are taking up broadband services at a faster rate than users in key markets such as France, Germany, Sweden and the United States. According to the International Benchmarking Study Of Internet Access, UK broadband connections have now reached 28,000 a week as… Continue reading UK Gaining Ground In Broadband Arena
Turnover at international consumer magazine group, Future Network, rose by 18% in the four months to 31 October 2001, up from the 14% rise reported for the six months to 30 June 2002 (see Future Network Moves Into The Black In First Half). In a trading statement released this morning, Future said that earnings for… Continue reading Future Says Earnings Will Beat Market Consensus
WPP’s Ogilvy and Young & Rubicam advertising agencies have agreed to acquire a 35.2% stake in LG Ad, Korea’s second largest advertising agency. LG Ad employs over 500 people and its major clients include LG Electronics, LG Telecom and Korean Air. The business reported revenues of KRW57.3 billion for the year ended December 2001 and… Continue reading WPP Takes Stake In Korea’s LG Ad
Anglo-Dutch publishing group, Reed Elsevier, this morning said that it is on track to deliver double-digit earnings for the full year 2002 and expects to achieve the same in 2003. The positive trading statement comes despite very tough market conditions, particularly in the business to business publishing sector. Business publishing accounts for 27% of Reed’s… Continue reading Reed Elsevier On Target For Double-Digit Earnings
There are now more than 18 million residential broadband subscribers in North America, according to new figures from research firm Kinetic Strategies. It is estimated that 1.9 million new subscribers were added in the third quarter to take the total to 18.08 million. Of these, 15 million are based in the US where broadband internet… Continue reading North American Broadband Population Set To Top 20 Million
Downloadable games will replace ringtones as the most profitable mobile content and entertainment service in Western Europe, according to Analysys. In a new report, the telecoms consultancy suggests that mobile games have the best short term growth prospects with revenues expected to surge from E255 million in 2002 to more than E3 billion in 2005.… Continue reading Mobile Games Revenues To Increase Tenfold
BSkyB reckons that its satellite customer base could ultimately pass ten million, within a UK pay-TV market penetration of 80%, according to analysts at Merrill Lynch. The broker itself is now forecasting that there will be 8.1 million Sky satellite subscribers by 2010. This is an upgrade on the July forecast, which put Sky at… Continue reading BSkyB Bullish On Its Future, Says Merrill Lynch
Shares in AOL Time Warner fell 14% yesterday following a downbeat forecast on the prospects for its America Online division. The world’s largest media company believes that things will get worse before they get better and is predicting that advertising and commerce sales at its internet arm will fall by up to 50% in 2003.… Continue reading Difficult Times Ahead For America Online
Strong sales of Sony’s PlayStation 2 console look set to boost revenues for Future Network, publisher of the Official UK PlayStation 2 Magazine, according to analysts at Merrill Lynch. Experience from the original PlayStation console shows that Future sold around one magazine for every ten consoles sold; Sony has just announced that ten million PlayStation… Continue reading Strong PlayStation 2 Sales To Boost Future Network Revenues