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A new report from OPera Media says that the global economy remains on track for continued strong expansion in 2007 and 2008, with the UK economy expected to continue growing on, or near, its 2.5% long run trend in 2007 and 2008. Overall, says OPera, the UK economic picture is positive, with a stable labour… Continue reading Global Economy Remains On Track For Continued Expansion

Richard Huntingford, ex-Chrysalis radio chief executive, has been appointed as non-executive chairman of Virgin Radio. Huntingford joined Chrysalis in 1987 and announced his departure in June following the group’s sale of its radio division. The SMG owned Virgin Radio also announced that Rosemary Thorne is joining as senior independent director, whilst David Palmer has already… Continue reading Richard Huntingford Named Virgin Radio Chairman

WPP has reported a 5.3% increase in like-for-like revenues for the six months to the end of June, helped by acquisitions in China and India and faster growth in the US. WPP posted a pre-tax profit of £338 million, a 6.9% on the same period last year. Its reported revenue rose 2% to £2.9 billion.… Continue reading WPP Revenues Increase 5.3%

GCap’s share price dropped today following the release of the latest RAJAR listening figures, which revealed that in Q2 Capital Radio had its lowest ever share of the audience. At one point this morning, the company’s share price fell by 9% to 216p, from yesterday’s close of 237.5p. However, at 1.05pm, GCap’s price had rallied… Continue reading GCap Sees Share Price Fall After Poor RAJARs

Jim Hytner, group brand and marketing director at Barclays, is to leave the bank in November to take up the role of commercial director at Top Up TV. His departure will see Deanna Oppenheimer, currently chief executive of retail banking, take charge of the marketing department before a decision is made on the banks long-term… Continue reading Hytner To Join Top Up TV

The Daily Mail & General Trust’s national newspaper division, Associated Newspapers, has bought a network of job sites for £10 million plus a three-year earn-out. The acquisition of JobsGroup.net, which operates a portfolio of successful niche job sites such as JustEngineers.net, JustConstruction.net, and JustRail.net, will form part of the Associated Northcliffe Digital (AND) network of… Continue reading Associated Newspapers Buys Job Sites Network

The European business-to-consumer e-commerce market will reach nearly €323 billion over the next five years, up from €106 billion in 2006, according to a new report from eMarketer. The European B2C E-Commerce: Spotlight on the UK, Germany and France shows that these three countries dominate European e-commerce, accounting for 72% of total online sales. The… Continue reading European E-Commerce Market To Reach £323bn

ITV’s underlying earnings in the six months to June 30 fell to £151 million from £202 million a year ago, less than analysts had previously predicted. ITV1 advertising revenue is estimated to grow by 1%, whilst for all ITV channels a 4% increase is estimated, against a wider TV ad market rise of 6%. ITV1’s… Continue reading ITV Earnings Decline

Virgin Media has reported a pre-tax profit of £315.3 million, although it lost 70,300 subscribers in the quarter. Operating income for the three months to the end of June was £3 million, compared with an operating loss of £15.3 million in the first quarter. The company reported a net loss of £119 million, which was… Continue reading Virgin Media Reports Pre-Tax Profit Of £315.3m

Interpublic Group recorded profits of $137 million (£67.8 million) for the second quarter of 2007. The group’s revenue was $1.65 billion in the second quarter, whilst first-half revenue was $3.01 billion. Organic revenue increased 6.6% compared to the second quarter of 2006, due to higher revenue from existing clients and net client wins. For the… Continue reading Interpublic Profits Almost Double