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
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.
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
The BBC Lottery show has been criticised by Michael Hurll, who called for it to be completely changed as soon as possible. Michael Hurll, a light- entertainment producer was asked by the BBC to act as a consultant on the programme, said a three-minute draw would be preferable until a better show could be devised.… Continue reading TV Show Criticised
TSMS has launched the TSMS Portfolio, aimed to help its FMCG advertisers. There are ten portfolio services from suppliers who have linked with TSMS; the packages cover all elements of the marketing mix and will provide a measure of effectiveness of advertising. Measures offered include ad tracking, sales measurement, viewing data and concept testing.TSMS claim… Continue reading TSMS Marketing Services Launch
