Following Budget Line 2000, a detailed Budget Review is now available on Newsline. Sponsored and provided by chartered accountants Brebner Allen Trapp, it comprehensively outlines the changes made in the Chancellor’s budget speech yesterday.To access the full report click here.For more information please contact Maurice Taylor ([email protected]) or John Craig ([email protected]) at Brebner Allen Trapp.
Regional and local newspaper group, Johnston Press, has this morning posted a strong set of financial results for the year ending 31 December 1999 and is set to make significant internet investments over the coming year. Pre-tax profit at Johnston grew by 8.6% to £49.8 million and advertising revenues were up 5% on 1998.Johnston is… Continue reading Revenues And Profits Strong At Johnston Press
The underlying rate of inflation rose slightly last month to 2.2%, according to official figures. The key index, used by the Bank of England to set interest rates, which excludes mortgage payments, rose from 2.1% in January to 2.2% in February. This is still below the Government’s target rate of 2.5%, however.The headline rate of… Continue reading Inflation Rises To 2.2%
The Radio Authority has received one application for the local digital multiplex service licence for the Teeside area. EMAP is the sole applicant for the licence, which will deliver digital radio programming to an area of up to 700,000 adults.EMAP has proposed a total of eight programme services for the area including Classic Gold, a… Continue reading Radio Authority Receives Application For Teeside Digital Licence
The Chancellor rose at 3:31pm.Budget is in surplus of £17 billion this year.Capital gains tax from 6 April will be cut from 40% to 35% after one year, to 30% after two years, 20% after three years and 10% after four years.Inheritance Tax threshold will be raised to £234,000; 96% of people will be exempt.40%… Continue reading Budget Line 2000 – The Chancellor’s Speech As It Unfolds
EMAP has announced a number of senior appointments across its Performance Network. Performance was set up in January to house the group’s music interests across magazines, radio, television and the Net (see Appointments Brief).Francis Currie has been appointed as music director. Previously programming director at The Box, he will improve the group’s relationships with the… Continue reading EMAP Enhances Its Music Division
Online information group, Dialog, has revealed plans to sell off its core business in order to wipe away the debt which has been crippling the company since its creation in October 1997. Dialog was created by the £261 million takeover of Knight Ridder Information by MAID (see Maid Acquisition To Go Ahead) and has struggled… Continue reading Dialog To Sell Core Services To Ease Debt Burden
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.
Shares in Dialog surged 28% to 231˝p as the software and computer group announced plans to break its burden of debt (see Dialog To Sell Core Services To Ease Debt Burden). The proposed sale of its Information Services Division is in the pipeline and, if the disposal goes ahead, Dialog will be renamed Bright Station.The… Continue reading Sharewatch
Specialist publishing group, Future Network, has today unveiled its first full-year financial results since floatation in June 1999 (see Price Set For Stake In Future), and reports adjusted pro-forma pre-tax profits up 85% to £19.2 million. Sales at the company rose by 24% year on year (pro-forma) to £199 million.As one of the largest publishing… Continue reading Future Network Reports Profits Up 85%
