Granada showed a substantial rise in its share price of 47p to 1293˝p yesterday. Granada Television owns a number of franchises in the ITV Network, which this week launched its new schedule after the removal of its News At Ten bulletin (see Newsline).BSkyB’s shares rose 18źp yesterday to 560źp. It emerged this week that the… Continue reading Sharewatch
The UK telecommunications watchdog, OFTEL, has decided not to change the current telephone pricing system which has enabled the rapid growth in free internet access services over the recent months. In a long-awaited consultation (see OFTEL Consultations To Examine ISP Phone Pricing), OFTEL today said that it will not alter the revenue pricing system of… Continue reading OFTEL Decision Safeguards Free Net Access For 2˝ Years
The Pearson Group, publisher of the Financial Times, today released its results for the year ended 31 December 1998, recording a 19% leap in operating profit, which rose to £389 million during 1998. Adjusted earnings per share climbed 20% to 42p.Pearson acquired US publishing group Simon & Schuster from Viacom for $4.6 billion (£2.8 billion)… Continue reading Pearson’s Overseas Interests Boost Profit
Talks between the French group Canal Plus and BSkyB about the possibility of an alliance to create a European pay-TV group (see Newsline) have been suspended.Following disagreements over the arrangement concerning management, where Canal Plus insisted that it have a dominant position in the management of the alliance (see Newsline)other problems have also come to… Continue reading Canal Plus And BSkyB Talks Suspended
The Scottish Media Group (SMG), which yesterday announced a 15% increase in turnover as part of its annual financial results (see Newsline), lost 34p from its share price, which dropped to 848p.Pearson showed another substantial rise in its price by the close of trading yesterday, rising 30p to 1431p. Yesterday’s Sharewatch saw the group climbing… Continue reading Sharewatch
IPC Magazines has appointed Chris Arrowsmith as marketing and promotions manager for Loaded, Uploaded and the six-monthly spin-off, Loaded Fashion. He has been at the publisher since 1996, previously working on Country Life and the equestrian titles.“This new role will help me concentrate my efforts on Loaded and associated brand extensions including Uploaded, Loaded Fashion,… Continue reading New Marketing Manager For Loaded
The Chancellor rose at 3:30pm.Inflation forecast to be 2.5% this year, next and the year after.The growth estimate for 1999 of 1% to 1.5% will grow to up to 2.75% in 2000 and between 2.75% and 3.25% in 2001.Current surplus forecast for 1999 is £2 billion.Public sector borrowing surplus is £1 billion.In the next five… Continue reading Budget Line – The Chancellor’s Speech As It Unfolds
Emap has appointed two UK directors to head up its its recently acquired US operation, Emap Petersen (see Newsline). Tom Moloney has been named Emap Petersen’s president and chief operating officer. He is currently chief executive of Emap Consumer Magazines. John Baillie, currently Emap’s director of finance and treasury, will be chief financial officer.Emap announced… Continue reading Emap Sends UK Staff Out To US Interests
More Group, the outdoor advertising arm of Clear Channel Communications (see Newsline), is to expand to India. The formation of More Group India is a joint venture between the More Group, Ogilvy & Mather and the Bombay based outdoor company Aaren.The early focus of the venture will be on India’s top-ten cities, and will develop… Continue reading More Group Expands To India
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.
