Shares in Daily Mail & General Trust, United News & Media and Reuters climbed yesterday after West LB Panmure highlighted them as likely winners in the internet arena. It said that their strong brands, existing content, experienced management, strong customer base and prodigious cashflow would work well within new media. Johnston Press and Future Network… Continue reading Sharewatch
Despite the recent dotcom fallout, which included CD retailer Boxman and beauty products site Eve.com amongst its casualties, the number of people visiting retail websites in the UK is on the increase. The latest figures from MMXI Europe place the number of unique users at 4.4m in September, compared to just 2.5m in January.This represents… Continue reading Retail Sites On The Rise, But Giants Still Dominate Cyberspace
The number of visitors to online retailers has jumped by 72% since the beginning of the year, according to research by MMXI Europe. The study shows that the number of unique visitors to retail sites has increased by almost two million from 2,533,000 in January to 4,366,000 in September. Despite a small number of high… Continue reading Traffic To UK B2C Sites Grows
According to IDC, Western European banks see mbanking as a top priority and, as such, are beginning to make major investments in it. IDC estimates that banks in Western European will spend up to $43 million in the next year developing mbanking services. “Recent improvements to wireless technologies are paving the way to further development… Continue reading Mobile Banking Is Top Priority for European Banks, Says IDC
Losses at radio group Jazz FM have significantly reduced and the company is on its way to profitability, according to its chairman Sir Harry Roche. Despite reporting yearly pre-tax losses of £489,000 in preliminary results for the year ending 30 June, the group show good progress compared to the same period last year (see Jazz… Continue reading Jazz FM Moves Towards Profitability
As the carve-up of United’s television assets was finalised this morning (see Granada Media Consolidates Ownership Of Meridian And Sells HTV To Carlton), rumours continued to circulate regarding the fate of its Express Newspaper group. Conrad Black’s Telegraph group has reportedly stepped into the ring and confirmed its interest in the purchase.Its bid will be… Continue reading Telegraph Group Eyes Express Titles
As predicted, Granada and Carlton have today agreed terms for the sale of their respective interests in the HTV and Meridian franchises. Carlton will purchase the licence and broadcasting interests of HTV, the ITV broadcaster for Wales and the West of England, from Granada for £181m in cash.As part of the deal, they will transfer… Continue reading Granada Media Consolidates Ownership Of Meridian And Sells HTV To Carlton
Open has signed agreements with 35 new content providers whose goods will be available through the platform’s latest launch. Open Extra, an interactive “department store” will initially offer 300 products aimed at women and their families, hoping to entice shoppers in the run-up to Christmas.Included in the line-up are Dorling Kindersley, Girl Heaven Limited, Alton… Continue reading Open Launches Interactive “Department Store”
Advertising group WPP rose 14p to 870p after posting a positive third quarter trading update. A number of brokers recommended the group, which reported a revenue climb of 21% during the three months to the end of September (see WPP Reports Revenues Up 21%).Despite making gains throughout the day yesterday, buoyed by the announcement of… Continue reading Sharewatch
Teenagers, it seems, are the latest demographic group to whip up a flurry of interest from the media world. As a relatively untapped market, their pester-power spending, avid consumption of media and, if we are to be a little cynical, impressionable young age makes this group appealing to media owners and advertisers.Teenagers, according to Adam… Continue reading Feature: New Teen Titles Hope To Buoy Declining Sector
