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ABN Amro has upgraded its rating on satellite broadcaster BSkyB from Add to Hold this morning, saying that it has ‘excellent fundamentals’ which are offset by potential technical and regulatory risks. This, says the broker, positions Sky as an ‘interesting dilemma’. BSkyB’s shares have underperformed the market by around 13% in the year to date… Continue reading ABN Sees ‘Interesting Dilemma’ In BSkyB

United Business Media (UBM) announced that Bernard Gray, previously the group strategy director, has been appointed as chief executive of CMP Information, UBM’s UK-based professional media business, with immediate effect. He will be responsible for the next phase of CMP Information’s development, the company said. United’s profits were hit in the first half by falling… Continue reading UBM Appoints CMP Information Chief

Pre-tax profit at United Business Media (UBM) was down by 48% year on year for the six months to 30 June 2001, impacted by the downturn in hi-tech advertising revenues at its CMP Media publishing business in the US. Interim profits came in at £71.7 million, way below the £137.8 million of last time. Revenues… Continue reading Profits Halve At UBM After US Hi-Tech Advertising Slump

GWR Group has restructured its internet operations in a move which will make annual cost savings of around £1.3 million. The move will also see a restriction in the ‘speed of development’ of koko.com, the group’s regional information and enterainment portal. GWR says it will now concentrate resources on its localised directories and radio station… Continue reading 46 Jobs Go As GWR Restructures Internet Operations

Regional Independent Media (RIM) has said that it is not interested in being split up by a consortium and that it intends to take its business public if no other suitable offers are received. These comments come after Gannett, US publishing giant and owner of Newsquest in the UK, had made moves on RIM as… Continue reading RIM Confident On Outlook And Independence

Despite slow short-term growth, the worldwide B2C market is set to be worth £428 billion by 2004 according to new research by eMarketer. Currently, due to the failure of many dotcoms over the past year, B2C commerce accounts for only a small percentage of all retail but eMarketer forecast that this will change after 2002… Continue reading Worldwide B2C Commerce Worth $428 Billion By 2004, Says eMarketer

Despite a huge potential market, UK firms lack the capability to exploit the B2B online market, according to a new report by Forrester. Online business could be worth £300 billion by 2005 says Forrester but firms will have to work hard to overcome their current organisational and technological difficulties in order to reap the benefits… Continue reading UK Online B2B Commerce Will Be Worth

The slowdown in the US economy and the knock-on effect on IT spending has had understandable repercussions for the rest of the world, being as it is the largest market. However, regions outside of the US and Canada have remained relatively immune to the slump so far and most are still showing growth for 2001.… Continue reading IDC Forecasts IT Spending Recovery In 2002

Granada has today completed the acquisition of the Border Television ITV franchise from Capital Radio, the two groups have announced. Granada has paid £50.5 million for the business. Capital Radio acquired Border TV in May 2000, comprising the three Century-branded radio stations and the Border Television ITV franchise. The acquisition enhanced Capital Radio’s strategy of… Continue reading Granada Acquires Border TV From Capital Radio

Yesterday’s interim results from Pearson caused the share price to fall heavily during the day, but after the company made some reassuring noises, stock picked up again to close up 49p at 1,087p. During this morning’s trading, however, demand has weakened and the shares were down by 24p at 1,063p by 11:00am. The results showed… Continue reading Pearson Financial Results – Reaction