Anglo-Dutch publishing group, Reed Elsevier, has this morning posted interim pre-tax profits up 13% at £410 million, notably above the consensus expectations. Reed says that the first half results are encouraging and reflect strong performances in Science & Medical, Legal and Education, partly offset by the impact of the economic slowdown on Business to Business.… Continue reading Reed Elsevier Shares Rally As Results Beat Expectations
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colspan=”7″>US ecommerce revenues 2000-2005 ($b)
colspan=”7″>Western Europe E-Commerce Overview 2001
Hollinger International, owner of the Daily Telegraph in the UK, has announced a net loss for the second quarter ending 30 June 2001, of $15.5 million – a loss of $0.17 per share. This compares to net earnings of $4.7 million or $0.03 per share for the same period last year. The sharp decline in… Continue reading Hollinger Sees Q2 Revenues Decline
The long-term growth factors for the internet industry will continue to drive development of the Net marketplace, even though current market conditions will temporarily hinder their near-term effects, according to a new report from Jupiter Media Metrix (JMM). According to a new Jupiter report, the key long-term drivers that initially made the internet so promising… Continue reading Internet Growth Prospects Remain Despite Dotcom Downturn, Says JMM
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
Digital Broadcasting Company (DBC), parent group of the u>direct pay-TV service, has gone into liquidation, according to reports. It is thought that financial backers, which include Pearson and News Corp, were unwilling to put any more cash into the business. U>Direct, which launched in June 1999, broadcast a range of sport and movie pay-per-view services… Continue reading U>Direct Parent Goes Into Liquidation
NTL has confirmed that it now has 1m digital subscribers and is on track to meet its target of 1.25m by the end of the year. The announcement establishes NTL as a serious contender to ITV Digital which recently rebranded from ONdigital in an attempt to attract viewers. NTL recently announced it expects to achieve… Continue reading 1 Million Now Subscribe To NTL Digital
Global advertising and communications group, WPP, has acquired Forward, a UK contract publishing company which specialises in direct customer communications programmes, for an undisclosed sum. Forward’s clients include Tesco, Egg, British Airways Holidays and Halifax. It reported revenues of £23.2 million in the year to 31 March 2001 and had net assets of £2.1 million… Continue reading WPP Acquires Forward