Despite an initially positive reaction from the market following its financial results yesterday, stock in United Business Media (UBM) had begun to fall this morning, down by 22½p to 726p by 1:00pm. Strong profits in a fairly cautious statement pushed demand for UBM shares up in the first instance, but a mixed broker and press… Continue reading United Business Media Financial Results: Reaction

Since the 1998 launch of the first digital TV service, UK growth has exceeded expectations. Last year saw continued penetration and there are now estimated to be more than 6m digital households in the UK. The successful heavy marketing and free hardware approach was boosted by increased channel choice, including the launch of Channel 4’s… Continue reading Insight Analysis: Another Year In The Life Of Digital TV

Scottish Media Group (SMG) reported record pre-tax profits in its preliminary full year results today. Its performance during 2000 was in line with analyst expectations, with an 18% increase in profit before tax, which reached £59m. SMG chairman, Don Cruickshank, described the year to 31 December as “a period of significant development for the group.”… Continue reading SMG Reports Record Pre-Tax Profits As SRH Stake Increases

United Business Media (UBM) has this morning turned in an 11.4% rise in headline profit to £342.4 million for 2000. The market reacted very positively to the results with shares up by 35½p at 765p by midday today. The 11.4% profit growth at UBM is taken before the cost of new media initiatives which ran… Continue reading UBM Shares Surge On Strong Profits

Tempus, the advertising and media communications group, yesterday announced record financial results and business wins for 2000 and said that it felt it had reorganised its operations to become the agency of the future (see Tempus Announces Record Results And Repositions As ‘The Agency Of The Future’). The Independent reckons that there are two things… Continue reading Tempus Group Financial Results – Reaction

Forrester forecast that worldwide Net commerce, both B2B and B2C, will hit $6,789.8 million in 2004 according to latest figures, this figure represents 8.6% of total revenue gained through sales. Whilst North America will continue to dominate during this period of growth, other markets such as Western Europe will start to catch up as a… Continue reading Worldwide e-commerce Forecasts From Forrester

SMG has bought a further 1.9% stake in Scottish Radio Holdings, its fourth acquisition of SRH stock since December last year and its second in under a week (see SMG Takes Further Stake In Scottish Radio). The 615,667 ordinary shares cost SMG 1,595p each, giving the deal a total value of £9.8 million. SMG now… Continue reading SMG Continues To Build Scottish Radio Interest

WPP has announced the acquisition of 51% of the issued capital of Asia Pacifice promotions marketing company Maxx Marketing Limited, by its wholly owned operating company Ogilvy & Mather Asia Pacific. Maxx creates and fulfills tailor-made promotional campaigns for clients from its offices in Hong Kong, Seoul, Manila, Shanghai, Bangkok and Los Angeles. Clients include… Continue reading Ogilvy & Mather Acquires Asia’s Maxx Marketing

IDC forecasts the worldwide market in ‘smart handheld devices’ will grow from 12.9 million units in 2000 to over 63.4 million by 2004, creating an opportunity worth more than $26 billion. “Market trends and market evolution during the past several quarters indicate smart handheld devices have an extremely positive future,” said Kevin Burden, manager for… Continue reading Palm’s Grip On The Market May Slip

SMG has increased its interest in Scottish Radio Holdings (SRH) again today, following a similar deal yesterday (see SMG Continues To Build Scottish Radio Stake). The Scottish media group has been building its SRH holding gradually for some time now (see City News). This morning it acquired a further 175,000 shares at 1,375p each, or… Continue reading SMG Takes Scottish Radio Stake To 29.1%