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eBay has been fined £30.6 million (€38.8 million) after luxury goods firm LVMH sued in a French court. LVMH, owner of luxury goods brands such as Louis Vuitton and Christian Dior, started the case after 90% of items from the brands found on eBay were found to be fake. The court ordered eBay to pay… Continue reading eBay Fined £30.6m Over Counterfeit Goods

Trinity Mirror has announced that its online revenues for the 26 weeks ending June 29 grew by 24.4% on an underlying basis. In a trading update, the publisher also said that it will continue to invest in digital and the ongoing capital investment to implement its new operating model across the group. It added that… Continue reading Trinity Mirror Announces Trading Update

Ofcom has announced that David Currie will step down as chairman of the Ofcom board after Easter next year.Currie was named as the unaugural chairman in July 2002 – he has been instrumental in guiding Ofcom through its early development and establishing a strong reputation for the company within the communications sector.Before taking on the… Continue reading Ofcom Chairman Steps Down

ITV’s share price fell to below 50p for the first time yesterday, taking the company’s market capitalisation to below £2 billion for a short time. This figure is less than half the £5 billion value placed on the company when an attempted takeover was made by Virgin Media’s predecessor, NTL, in 2006 (see NTL Pulls… Continue reading ITV Sees Share Price Fall

SMG is changing its name to stv Group following the sale of Virgin Radio and its outdoor advertising business Primesight. The company is taking the name of its TV subsidiary stv as its overall corporate identity, with SMG chief executive saying that the move marks a return to the company’s roots. Rob Woodward, chief executive,… Continue reading SMG Changes Name To stv Group

Sir Martin Sorrell’s WPP saw its UK revenues increase by 5% in the first five months of 2008. The company announced a rise in like for like global revenue growth of 4.5% at its AGM in London. All regions showed strong revenue growth on a constant currency basis, with the US up almost 7%, while… Continue reading WPP Sees UK Revenues Increase

According to reports in today’s Financial Times, Vodafone has pulled out of the running to purchase Tiscali, an Italian ISP with operations in Italy and the UK. Vodafone reportedly quit the auction process due to disagreements over Tiscali’s valuation. Other UK companies still interested in acquiring Tiscali are BSkyB and Carphone Warehouse, while Switzerland’s incumbent… Continue reading Vodafone Pull Out of Running In Tiscali Takeover

Virgin Radio owners Scottish Media Group have confirmed the sale of Virgin Radio to a consortium including The Times of India Group for £53 million by the end of June. The station will be renamed, in order to ensure there are no branding restrictions imposed by Sir Richard Branson which could affect the new owners… Continue reading Virgin Radio Sold

LinkedIn, the professional social networking site has secured an extra $53m (£27m), to fund its expansion plans in Europe, which takes the company’s value to $1bn. LinkedIn now has 23 million members worldwide, with the UK making up one million members and more than six million in Europe. It allows professionals to keep in touch… Continue reading LinkedIn Valued At More Than $1 Billion

Talks between UBM and Informa over a £3 billion merger have broken down, while Informa is believed to have received a a rival approach from private equity firm, Providence Equity Partners. Reports in the trade press suggest that Providence Equity is the company behind the approach for the Lloyd’s List publisher, although the Times claims… Continue reading Merger Talks Break Down between UBM And Informa