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The latest report from EUROFRAME – European Forecasting Network reveals that the economic upturn in the Euro area lost some momentum in the first half of 2007. Quarterly real GDP growth in the Euro Area slowed to 0.3% in the second quarter of 2007, down from a stronger than expected 0.5% in the first quarter.… Continue reading European Economic Upturn Loses Some Momentum

SMG is understood to have postponed plans to float Virgin Radio this autumn, adding that there is significant interest in the business. The group has also appointed Richard Huntingford as executive chairman of Virgin Radio. SMG revealed plans to float the radio business in April (see SMG To Float Virgin Radio), however, this has been… Continue reading SMG Postpones Virgin Radio Floatation

Daily Mail and General Trust (DMGT) has announced an 8% year-on-year rise in total advertising revenues, with the group’s print ad revenues increasing by 2% in the 11 months to August. Associated Newspapers’ circulation revenues for the eleven months to August 2007 were 1.5% above the same period last year, whilst its advertising revenues in… Continue reading DMGT Announces 8% Rise In Ad Revenues

Emap has said that its continuing group revenue, adjusted for disposals and closures, is expected to be up 1% in total and down 1% on an underlying basis in the first half of 2007. It expects B2B to deliver good revenue growth, up 5% in total and on an underlying basis. There has been good… Continue reading Emap Revenue Up For First Half Of Year

GCap Media has announced a trading update for the six months ending 30 September 2007, ahead of interim Results due to be released on 23 November 2007. GCap said that in the last three months its radio advertising revenue has performed in line with the market. Like for like total revenue growth in the second… Continue reading GCap Media Announces Trading Update

Havas has reported growth of 16.9% in income for the first half of 2007, saying that income from operations was up 16.9% to €75 million and showed a significant increase on the first half 2006. Operating income was also €75 million, an increase of 34.4% compared to first half 2006, whilst net income was up… Continue reading Havas Reports First Half Income Growth

Aegis Group has acquired Metra Seis, Spain’s largest independent full-service market research agency. The gross assets of Metra Seis are valued at €3.4 million. Metra Seis will eventually be integrated with Synovate’s existing Spanish business to create scale advantages and a broader client offer in a top 10 market for market research. Metra Seis was… Continue reading Aegis Buys Spanish Market Research Firm

Independent News & Media has reported a 7.1% increase in its UK operation’s advertising revenues in the first half of the year. INM said that advertising had been boosted by growth in display revenue at the Independent and classified advertising growth. It added that operating profits in the UK had grown by 19.7% to €7.3… Continue reading Independent News & Media Reports Ad Revenue Increase

Last week saw Publicis acquire the French digital agency Wcube for an undisclosed sum, intending to rebrand Wcube and integrate it into the Publicis Modem worldwide digital network.Olivier Fleurot, executive chairman of Publicis Worldwide, said that the acquisition marked a decisive step in the deployment of the company’s digital offering (Full Story).JCDecaux announced its results… Continue reading Media In The City: Publicis Acquires French Digital Agency

SMG is to stop the sale of Virgin Radio after bids failed to match the £80 million asking price, allowing it to focus on floating Virgin on the stock market next spring. A report in the Sunday Telegraph said that offers for Virgin were received from Global Radio and Vitruvian Partners, a private equity firm.… Continue reading SMG To Call Off Virgin Radio Sale