European consumers’ inclination to buy goods and services has been significantly dampened in the first two months of 2002, after the introduction of the Euro was used by many retail and service companies as justification for a hike in prices. This is one of the key findings of a study by GfK, carried out on… Continue reading Euro Introduction Curtails Consumer Spending In Europe
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Carlton and Granada saw shares fall yesterday as press reports suggested that ITV Digital could be closed by Monday unless more money is invested to keep it afloat (see ITV Digital Could Be Closed By Monday). Carlton was down 1.17% to close at £2.53, while Granada slipped 4.21% to finish at £1.25ź, a loss of… Continue reading Sharewatch
Online retail sales in the UK fell for a second consecutive month, according to data from the Interactive Media in Retail Group (IMRG), as reported by NUA Internet Surveys. Total online retail sales for February reached £397 million – down 4.4% on January, but showing a slowing rate of decline when compared to the 17%… Continue reading UK Online Sales Slow In February, But Growth Is Ten Times That Of US
BT is to re-enter the wireless market less than six months after de-merging its mobile phone business and plans to launch the UK’s first public wireless broadband network.The telecommunications group is pursuing a two pronged strategy that will see it re-establish its brand in the mobile phone market and set up a public access broadband… Continue reading BT Re-Enters Wireless Market With Broadband Offering
Wireless communications spending in the US will continue to grow in 2002 reaching $116 billion according to the report 2002 Telecommunications Market Review and Forecast from the US Telecommunications Industry Association (TIA). This represents an increase of 8.5% in 2001 despite the economic slowdown. Consumer spending on wireless services is expected to increase by 20%,… Continue reading US Wireless Communications Spending To Grow 8.5% In 2002, Says TIA
There’s certainly no shortage of lad’s mags on the market, but the sector that was once booming appears to have fallen on hard times. The majority of titles saw circulation decline in the July-December 2001 ABC results and it seems unlikely that anyone would put money on the magic returning.James Brown’s I Feel Good Publishing… Continue reading Feature: Bringing The Magic Back To The Men’s Market
Analysis of TV revenue estimates for February reveals continuing bad news for the UK’s terrestrial TV channels. Overall, terrestrial channels saw a 11.9% year on year decline in revenue during the month. The UK’s largest commercial broadcaster, ITV1, experienced the most significant fall, with revenue dropping 14.7% during February. Channel 4 also fared poorly with… Continue reading TV Market Round-Up – February 2002
According to reports in this morning’s press, ITV Digital may be closed as soon as next Monday unless Carlton and Granada pledge more money to keep the service afloat. Figures released to the Football League by the High Court, as part of their attempt to recover rights money owed by ITV Digital, supposedly reveal that… Continue reading ITV Digital Could Be Closed By Monday
BSkyB saw shares fall yesterday as it looked increasingly unlikely that it would be able to exercise its £1bn put option on Kirch, which has filed for bankruptcy (see Kirch Media Files For Bankruptcy). Stock slipped 2.73% to close at £7.84, down 22p on the day before.Carlton and Granada were also down yesterday as their… Continue reading Sharewatch
NTL may avoid forced liquidation (see NTL May Take Temporary Bankruptcy As Refinancing Is Finalised), according to report on FT.com today, which claims that the indebted cable group could sign a deal with its bondholders as early as this week. The paper reports that a debt-for-equity swap with the bondholders is now on the table;… Continue reading NTL Is Close To Refinancing, Says Report
