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The board of SMG has threatened to resign after a dispute with one of its main shareholders as to who should run the company. According to a report in the Guardian, non-executive directors told Fidelity that they would quit unless the fund manager stop demanding that they fire chairman Dr Chris Masters. Fidelity has apparently… Continue reading SMG Board Threatens To Resign

ITV could be considering a bid for SMG following the company’s shares hitting a fifteen year low last week. There have already been strong rumours that ITV is to make bids for SMG’s cinema advertising business Pearl & Dean (see ITV Could Bid For Pearl & Dean). Following the issuing of a profits warning last… Continue reading ITV Could Make Bid For SMG

The UK economy is set to grow at or just above 2.5% per annum both this year and next, according to the latest forecast from the National Institute of Economic and Social Research (NIESR). The NIESR says that assuming interest rates are raised to 5% per annum in November and 5.3% per annum early next… Continue reading UK Economy Set To Grow At 2.5%

WPP Group’s global growth has slowed in Q3 2006, with revenues rising by 4.6% to £1.4 billion. The company cites the slowdown on the UK and Eastern Europe markets as the cause of its subdued performance. According to a statement released by the group, revenues were up 12% during the first nine months of 2006,… Continue reading WPP Records Q3 Revenue Slowdown

BT has acquired Counterpane Internet Security, a provider of managed networked security services, as part of its strategy to expand and develop its global professional services capabilities. Counterpane currently monitors 550 networks worldwide for multinational and Fortune 100 customers. Following the acquisition, Bruce Schneier, the founder of the company, will continue in his role as… Continue reading BT Acquires Internet Security Company

Outdoor advertising company JCDecaux has taken the £5 million advertising contract for panels on 50,000 BT phone boxes across the UK from rival Clear Channel.“This is a great opportunity to market a product that has universal penetration and is an integral part of the cityscape,” said Jeremy Male, UK chief executive at JCDecaux. “It is… Continue reading JCDecaux Takes £5 Million Contract From Clear Channel

Aegis is to hold a shareholder meeting on November 22 to consider Vincent Bollore’s nominations to the Aegis board. Aegis said that shareholders should once again vote against Bollore’s nominees, Philippe Germond and Roger Hatchuel, who were rejected by shareholders at a meeting earlier in the year (see Bollore Fails In Board Bid). Bollore is… Continue reading Aegis Announces EGM For Bollore Board Bid

JCDecaux has reported revenues for the nine months to 30 September are up by 12.6% to €1,382.1 million (£9,258.2 million). Excluding acquisitions and the impact of foreign exchange, organic revenues rose by 7.8% for the first nine months of the year. Third quarter revenues increased by 10.8% to €436.3 million (£2,923.6 million). Jean-Charles Decaux, chairman… Continue reading JCDecaux Revenues Rise

Total global advertiser spending on mobile messaging and display advertising is forecast to grow from $1.4 billion in 2006 to $2.9 billion in 2011, according to a new report from JupiterResearch. According to the report, ad spending on mobile marketing will see substantial growth over the next five years, for the most part driven by… Continue reading Spending On Mobile Advertising Could Reach $2.9 Billion

ITV has again been linked with SMG’s cinema advertising business Pearl & Dean, following SMG’s announcement that it would be selling both Pearl & Dean and Primesight, its outdoor advertising business. ITV was first linked with Pearl & Dean at the end of September (see ITV Could Bid For Pearl & Dean), following the sale… Continue reading ITV Linked With Pearl & Dean