SMG has today announced that its review of staffing levels (see SMG Offers All Employees Voluntary Redundancy) will result in a maximum of 95 redundancies across its operations by the end of 2001. This represents around 5% of the media company’s total workforce. Of the 95 redundancies, 17 are management positions. Whilst a further 52… Continue reading SMG Makes 95 Cost-Cutting Redundancies
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Acquisitions play a large part in the fortunes – or otherwise – of WPP this year. First half revenues were up over 56%, largely due to the contribution made by last year’s big name acquisition Young & Rubicam (see Shareholders Approve WPP/Y&R Deal), along with several other smaller companies acquired along the way (see WPP… Continue reading WPP Warns Results May Suffer In ‘Very Difficult’ Year
The Takeover Panel has this morning ruled against WPP’s attempt to free itself from its 555p-a-share offer for Tempus Group (see Tempus Confirms WPP Offer). WPP had made a submission to the Takeover Panel in an attempt to invoke the Material Adverse Change clause in its initial offer citing the further deterioration of the ad… Continue reading Takeover Panel Rules Against WPP
colspan=”7″>UK E-Commerce Revenue Forecasts 2000-2005
colspan=”7″>US E-Commerce Revenue Forecasts 2000-2005
colspan=”7″>Western Europe E-Commerce Overview, 2002
Digital subscriber line (DSL) penetration in Europe will overtake the US within five years, according to DSL Future Prospects in Europe, a new report from telecoms consultancy and publishing group BWCS. The provision of DSL services is at last beginning to emerge as a viable business, claims the report, released this month. “If the European… Continue reading European DSL Market To Overtake US By 2006
Shares in ITV companies began to fall this morning as analysts at Merrill Lynch cut their forecasts for the Network’s advertising revenues. Reports quote the broker as pulling back 2001 growth from -14.5% to -15.5%; 2002 figures are understood to have been revised from -2.0% to -2.5%. Poor advance bookings for December are thought to… Continue reading ITV Stock Hit By Merrill Lynch Downgrades