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Pearson Publishing, owners of the Financial Times and the Penguin books, has announced the appointment of Glen Moreno as its new chairman, with the new boss due to take up his post on 1st October. Moreno will succeed Pearson’s current chairman, Dennis Stevenson, who is retiring. The new chairman is currently the senior independent director… Continue reading Pearson Appoints Moreno As New Chairman

Newspaper publishing group, Trinity Mirror, has increased its group revenue by 1.2% during the first six months of 2005, despite contending with a difficult advertising market, reflecting the slowdown of the UK economy since the beginning of the year. In its interim results published today, the Group revealed operating profit to be up 7.9% year… Continue reading Trinity Sees Revenue Rise Despite Difficult Advertising Market

Publishing group, Reed Elsevier, has reported an increase in revenues of 6% for the first half of 2005, with earnings per share also up by 5% at constant exchange rates. The company enjoyed good underlying performance across its businesses during the first six months of the year, forecasting momentum in revenue and profit growth building… Continue reading Reed Elsevier Sees Revenues Rise 6% For 1H 2005

United Business Media (UBM) has this morning reported half-yearly results ahead of expectations, predicting further growth in the second half of the year and standing optimistic in the face of a “tough market” for print titles. The company, which sold its 35.4% shareholding in Five for £247.6 million earlier this month, saw profits rise by… Continue reading UBM Reports Profits Ahead Of Expectations

Global media group, Publicis, has revealed optimistic results for the first half of 2005, reflecting what the company states is a strategy to make Publicis one of the world’s “top contenders in media and communications”. The results, which show revenues rising by 6.1% year on year, are attributed, in the main, to new account wins,… Continue reading Publicis Sees Revenues Rise After New Account Wins

Outdoor advertising group, JC Decaux, has reported a 5.5% year on year increase in revenue for the first half of 2005, reaching €833.7 million worldwide. In the group’s results posted today, JC Decaux revealed revenues to have increased by 5% in the first quarter to €454 million, compared to the same period last year. This… Continue reading JC Decaux Sees 5.5% Increase In Revenues For First Half 2005

The confidence of business executives around the world is in decline, with European respondents of The McKinsey Global Survey of Business Executives July 2005 revealing that those who think that Europe’s economy has become worse greatly outnumber those who think it has improved. European executives are less confident in the economic climate for the first… Continue reading Continuing Decline In Global Economic Confidence

British publishing firm, Pearson, has made upbeat predictions for its performance throughout 2005, stating that pretax loss for the first half of the year was lower than expected, leading to confidence in the company achieving “strong growth” in 2005 as a whole. Pearson, who publishes the Financial Times and Penguin books, recorded a pretax loss… Continue reading Pearson Makes Upbeat Predictions For 2005

RTL’s acquisition of a 100% shareholding in Five earlier this week has sparked rumours of a takeover bid from the company for Telewest’s programming arm, Flextech. RTL secured complete control of Five after agreeing with United Business Media to acquire the outstanding 35.4% shareholding for £247.6 million (see RTL Seizes Full Control Of Five). The… Continue reading RTL Buyout Sparks Five / Flextech Bid Rumours

RTL has secured complete control of Five, after agreeing with United Business Media to acquire the outstanding 35.4% shareholding for £247.6 million. The transaction is expected to be finalised by the autumn, although it remains subject to regulatory approval from competition watchdogs. The announcement sees RTL command a 100% share holding, having built up its… Continue reading RTL Seizes Full Control Of Five