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%

Anglo-Dutch publishing group Reed Elsevier this morning turned in better than expected yearly revenue, a day after its proposed acquisition of US medical publishing group, Harcourt General, was referred to the Competition Commission in the UK. Revenues for 2000 grew by 9% to £3.77 billion and pre-tax profit dropped by 3% to £690 million. Both… Continue reading Reed Results Beat Expectations

22 February 2001 Media group SMG this morning announced that it has bought a further 747,699 shares in Scottish Radio Holdings, representing a 2.3% stake in the company. The shares were priced at 1,595p each, a slight premium on Wednesday’s closing price of 1,587½p, valuing the stake at £11.9 million. SMG now holds a 23%… Continue reading SMG Takes Further Stake In Scottish Radio

Global advertising and communications group WPP this morning announced pre-tax profit growth of 43% to £365.7 million for the year ended 31 December 2000. The record profits include the incorporation of the Young & Rubicam advertising network which WPP acquired in May last year to create the world’s largest advertising group. Revenues at the combined… Continue reading WPP Sees Record Profits

21 February 2001 The proposed acquisition of Harcourt General by Anglo-Dutch publisher Reed Elsevier was given a surprise referral to the Competition Commission today. Reed announced plans to buy the US medical publishing company for £31 billion in October last year. The takeover would have created the world’s largest scientific and medical publisher. However, Kim… Continue reading Reed Elsevier’s Harcourt General Acquisition Is Sent For Investigation