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Online retailer Lastminute.com yesterday reported its second successive quarterly loss as the war in Iraq and the SARS virus impacted on the travel industry. Although higher than envisaged, the deficit of £4.2 million (before goodwill, exceptional items and taxation) represented an improvement on the same period last year when losses totalled £5.3 million. Total transaction… Continue reading Losses Fail To Dent Confidence At Lastminute

Misfortune continues to stalk the corridors at Vivendi Universal, which yesterday reported a fall in sales for the first quarter of 2003. The once mighty media group recorded the biggest annual loss in French corporate history last year (see Vivendi Left Reeling By Staggering Losses) and has been forced to sell assets in order to… Continue reading Vivendi Sees Revenues Slide In Q1

The management at Capital Radio remain confident about the future performance of the group despite interim results which showed a 15.5% fall in profits. The challenging advertising market has increased pressure on revenues which slipped more than 5% to £56.9 million in the six months ending March 31 2003. Similarly, profits before tax and goodwill… Continue reading Capital Takes Stock As Ad Slowdown Persists

Future Network has reported an satisfactory rise in revenues for the first quarter as it looks to build on the progress made in 2002. In a trading statment released to coincide with the group’s annual general meeting, Future said that gains had been made in each territory resulting in a 7% rise in overall revenue.… Continue reading Future Lifted By Bright Start To Year

After the upheavals of recent weeks, Cordiant Communications, the struggling advertising group, has today been given a two month deadline to get its affairs in order. Lenders have confirmed that they will continue financing agreements until mid-July, sufficient time for management to devise a survival strategy. “The company has now signed a definitive agreement with… Continue reading Cordiant Gets Breathing Space From Creditors

At-work internet users are a potentially lucrative audience and marketers would be well advised to devote a portion of their advertising budget towards reaching these people by day, according to new research from the US this week. The study carried out by the Online Publishers Association in association with Millward Brown IntelliQuest sought to examine… Continue reading Advertisers Eye At-Work Surfers

First quarter revenues at NASDAQ-listed UK cable operator, NTL, were more or less flat year on year, down from £556.1 million to £546.5 million. NTL’s business growth was essentially put on hold until January this year, when it emerged from a Chapter 11 bankruptcy procedure (see NTL Emerges From Bankruptcy) that alleviated its substantial debt.… Continue reading NTL Returns To Growth After Chapter 11

French advertising network, Publicis Groupe, has reported strong first quarter revenues and record new business wins and said it sees some encouraging signs in the development of the market. Consolidated group revenues were up by 57% year on year to €905 million. This strong performance is due to the consolidation of the agencies of the… Continue reading Publicis Sees Encouraging Signs As Q1 Improves

Global market research firm, Taylor Nelson Sofres (TNS), has this morning confirmed that it plans to buy NFO Worldgroup for $425 million. The announcement comes after a preliminary statement from TNS last week, in which it confirmed that discussions with NFO’s owner, Interpublic Group, were underway (see Taylor Nelson Looks At NFO WorldGroup Acquisition). Based… Continue reading TNS Shares Jump On $425m NFO Worldgroup Acquisition

Omnicom and WPP are performing most strongly of the major global agencies, whilst Havas and Interpublic Group are weaker, according to the recent round of first quarter financial results. Data compiled by Lehman Brothers in the graph below show that Omnicom’s figures are considerably ahead for both organic growth and reported revenues, whilst Havas remains… Continue reading First Quarter Ad Agency Performance Comparisons