GWR Group has announced results for the year ending September 30. Pre-tax profits were up 240%; last year’s profits were £913,000; this year’s figure was £3.112m. GWR shares were up 9p this morning to 885.… Allied Radio has announced annual results. The pre-tax loss was £0.9m, but an improvement on last year’s loss of £1.45m.… Continue reading Radio Results
The Daily Mail and General Trust has today announced annual results for the year ending October 2. Pre-tax profits were up 43% from £64.4m last year to £92.1m, seemingly none the worse for any price war knock-on effects. The company said, “Our largely UK-based businesses continue to experience improving advertising markets”. DMGT’s shares rose 5p… Continue reading Daily Mail Profits Up 43%
According to a new Mintel survey into the Women’s Magazines sector, the total consumer magazine market was valued at just over £1 billion for 1993, of which women’s magazines accounted for some £305m. Despite the fact that the sector has been undergoing a long term decline in volume sales, women have been increasing their expenditure… Continue reading Women’s Magazine Survey – Special Interest Titles Growing
Camelot last night was granted an injunction preventing Mirror Group Newspapers and News International from naming the winner of last Saturday’s lottery. The legal action was taken after the Mirror and Sun had almost certainly discovered the identity of the winner, who had opted for anonymity. Other details about the winner have been published however.Shadow… Continue reading Court Ban On Naming Lottery Winner
Nynex, the cable television operator, has appointed SG Warburg and Salomon Brothers as advisers on a potential flotation on the London stock market. The move comes as a flurry of cable companies plan to seek a London listing next year.
It has been announced this morning that the annual rate of inflation rose to 2.6% in November. The rate is 0.2% up on the figure for October. These figures are higher than had been forecast.The underlying rate, excluding mortgage interest payments, rose to 2.3% for November from 2% in October.
Disagreements at the Saatchis board may mean the resignation of its chief. Maurice Saatchi has said that if the name of the advertising group’s holding company is changed to exclude Saatchi, the founder and executive chairman may resign. Non-executive directors want to change the name; the issue is likely to come to a head on… Continue reading Saatchi May Resign
Press attempts to reveal the identity of this week’s £18m National Lottery winner have caused the Government to react. Complaints that rules to keep winners’ names secrets are being abused by some newspapers have led National Heritage minister Iain Sproat to say that protests could go to the Press Complaints Commission.
A row at Saatchi & Saatchi means that the future of Maurice Saatchi as chairman is uncertain. Shareholders controlling a third of the group’s shares led by Harris Associates of Chicago, were so angry to learn of the option scheme estimated to be worth £5m for Maurice Saatchi, that they have put forward proposals to… Continue reading Saatchi Row Over Options
EMAP has confirmed that it is to buy Maclean Hunter European Publishing from Canada’s Rogers Communications for £60m cash.Other interested parties in buying Maclean Hunter had included Reed and a management buyout.Maclean Hunter European Publishing includes 22 directories and 34 magazines, in the UK and six other countries. Titles include the UK Press Gazette.EMAP said… Continue reading Emap In £60m Takeover Deal
