Media communications specialist, Tempus Group, has posted pre-tax profits of £15.6 million for 1999, an increase of 18% compared to the same period last year. Turnover for the group, including acquisitions, grew by 16% to £1,426 million.The company’s performance was boosted by further acquisitions and a buoyant ad market. Throughout the year it has been… Continue reading Tempus Group Reports 18% Increase In Profits
The newly-formed internet arm (see GWR Group Launches New Internet Company) of radio group GWR has announced the acquisition of a stake in web services provider Altodigital.com. The group paid £7 million for a 5% stake in the company.GWR will use the services provider to enhance its local portal koko.co.uk, which is soon to begin… Continue reading GWR Group Invests £7 Million In Altodigital.com
Trading in London did not begin until 3.45pm yesterday, thanks to a breakdown of the electronic systems. As a result of the backlog trading was extended until 6.30pm.The court hearing to approve NTL’s purchase of Cable & Wireless’ UK cable division, CWC (see Government Clears NTL/CWC Merger), has been set for 17 April. At the… Continue reading Sharewatch
The Bank of England has today voted to leave UK interest rates on hold at 6% after its monthly monetary policy meeting. The decision was in line with City expectations and will be greeted with relief by businesses and homeowners, who have seen rates rise four times since September.
The Guardian Media Group is to become official media sponsor for the Manchester 2002 Commonwealth Games. The group, which publishes the Guardian, Observer and the Manchester Evening News, signed a £12 million deal with two other unnamed sponsors last night.The group will be responsible for publications and website material for the Games, which will be… Continue reading Guardian To Sponsor Commonwealth Games
The Granada Group today announced a 10% increase in media sales in the six months to 31 March. Net advertising revenue is estimated to have grown by 11%, which it claimed is well ahead of ITV averages for the period.The media and hospitality group announced the increases in a trading update ahead of going into… Continue reading Granada Reports 10% Increase In Media Sales
The Daily Mail has had a complaint against its Monday supplement M upheld by the Advertising Standards Authority. An objection was raised when the complainant bought a copy of the newspaper, having read a front page flash the previous week which described the supplement as “A brilliant new Monday Magazine”. When she discovered that M… Continue reading ASA Upholds Complaint About Daily Mail Spoiler Supplement
The Competition Commission has told the Department of Trade & Industry that it believes there should be an extension to the deadline for its enquiries into the proposed merger of Carlton Communications and United News and Media. A report on the merger was proposed on 8 February, with the Commission expected to complete its report… Continue reading Competition Commission Extends Deadline To Report On Carlton/UNM
Aura is Eve Pollard’s Parkhill Publications latest offering following the launch of Wedding Day last year. It is to be published monthly and the cover price is £2.50.Aura aims to target ABC1 women with an average age of 40 – the ones who “read Honey, wore loon pants and Biba T-shirts, screamed at The Monkees,… Continue reading First Issue Review: Aura: Jaffa Cake Years
Faith in technology, media and telecoms (TMT) shares continues to falter, exacerbated by the court decision against Microsoft. This factor, combined with heavy falls on the US Nasdaq index, made yesterday a bad day for media stock.United News and Media fell 49p to 735p in spite of a vote of confidence from Deutsche Bank, which… Continue reading Sharewatch
