Fears of further fall-out in the dotcom sector re-emerged yesterday when Yahoo! issued its second profits warning in as many months. The internet company said it expects revenues for the first quarter of 2001 to be $170-180m compared to its previous target of $220-240m.The group blamed the revision to its forecasts on a “weakening economic… Continue reading Yahoo! Issues Further Profits Warning
Advertising agency Cordiant Communications has this morning turned in a strong set of financial results which show record net new business wins last year, worth £750 million. Cordiant’s results show that ad agencies are continuing to perform well whilst many media owners are suffering an ad revenue downturn.Pre-tax profits grew by 79.1% at constant rates… Continue reading Cordiant Turns In Record Figures
Media share performances on Budget Day (see Budget Line 2001 – The Chancellor’s Speech As It Unfolds) were as varied in terms of positives and negatives as the details spelled out by the Chancellor. The most positive performance in terms of percentage change was seen at Bright Station, which increased 1½p, or 5% to 31½p.… Continue reading Sharewatch
The Independent Television Commission (ITC) has released details of complaints about television advertising it dealt with for January 2001. Food and drink advertising seemed to cause the largest amount of controversy during the month, with an advert for Van der Bergh Foods’ Chicken Tonight Stir-In Paste prompting complaints from 16 sources, all with close links… Continue reading Why The ITC Wasn’t Having Chicken Tonight
Newsline will provide coverage of the key developments in this afternoon’s Budget as it is delivered by Chancellor of the Exchequer, Gordon Brown. Newsline‘s Budget page will be set to automatically refresh every few seconds ensuring a full, rolling coverage throughout the Chancellor’s speech which is expected to begin around 3:30pm.
Two thirds of the UK population have mobile phones, but many do not realise their potential uses beyond talking, according to research conducted for the BMRBi Access Omnibus Telephone Omnibus during February this year.The survey found that only 85% of those with mobile phones believe they have text messaging facilities and only 13% believe they… Continue reading Two Thirds Of UK Have Mobiles, But Many Are Unaware Of Services Available
The Chancellor rose at 3:32pm.Growth forecast for 2001 to be between 2.25% and 2.75%.Inflation forecast for March 2002 to be 2.25%.Budget is in surplus of £23bn this year.Debt repayment will be £34bn this year.Tax relief on intellectual property and goodwill proposed. Small firms to pay no VAT.Consideration of research and development tax credit for large… Continue reading Budget Line 2001 – The Chancellor’s Speech As It Unfolds
SMG has announced yet another stake increase in Scottish Radio Holdings, taking its stake up to 27.7%. SMG has acquired a further 2.8% stake in SRH for £14.6 million, in two separate purchases: 644,000 shares on Monday and 275,000 yesterday.All the shares were priced at 1,587˝p each, its closing price on Monday. SMG has been… Continue reading SMG Builds Scottish Radio Stake To 27.7%
Emap shares dropped 26p to £8.46 yesterday after brokers Commerzbank downgraded the company and was said to reviewing its current £10.10 price target and earnings forecast.Cable companies Cable & Wireless and Telewest both saw increases yesterday as investors returned to the sector, with C&W increasing 53p to £7.48 and Telewest up 14p to £1.42¾.The closing… Continue reading Sharewatch
The Guardian newspaper last week unveiled investment plans for its Saturday edition. Weekend magazine is to become a glossy with 60% more editorial pages and two of the newspaper’s weekday supplements – Space and The Editor – will be added to its current six sections.The move follows similar announcements from its broadsheet rivals, the Times… Continue reading Feature: National Newspapers Look To Boost Female Readership With New Saturday Offerings
