(This page will refresh itself every 30 seconds)The Chancellor rose at 3.31pm.New child tax credit available for families with incomes up to £58,000.Growth target for 2002 of 2-2.5%; 3-3.5% for 2003 and 2-3.5% for 2004.Budget surplus this year is £3 billion.Public sector borrowing requirement (PSBR) is £11 billion.Research and development tax credit set at 25%.Small… Continue reading Budget Line 2002 – The Chancellor’s Speech As It Unfolds
UK Will Not See Real Terms Ad Growth Until 2004Real terms advertising growth will not return in the UK until 2004, according to the latest ad forecasts from Zenith Media, released yesterday.The figures show that the five major European ad markets of France, Germany, Italy, Spain and the UK will show a combined real terms… Continue reading UK Will Not See Real Terms Ad Growth Until 2004
Virgin Radio has announced details of two new sponsorship deals, one with Cuervo Gold tequila for the Virgin Radio Party show and one with Toyota promoting the car manufacturer’s involvement with this year’s Grand Prix.Cuervo’s two month sponsorship, which began on 5 April, is the second time such an arrangement has been made, as the… Continue reading Slammers And Racers For Virgin Radio
Independent Reports ‘Robust’ Performance As Profits SlumpIndependent News & Media this morning released preliminary full year results for 2002 which reveal a slump in the company’s profits in what it describes as a ‘difficult’ year. Pre-tax profits fell to £38 million, compared to £95 million in 2000, turnover also fell slightly on 2000 totals.The company… Continue reading Independent Reports ‘Robust’ Performance As Profits Slump
Only six companies saw shares fall in yesterday’s media market after the the publication of the IPA’s quarterly Bellwether report in the Financial Times gave more credence to the argument that the media recession is coming to an end (see Hope For Recession End From IPA Bellwether).The most significant gains were seen by Cable &… Continue reading Sharewatch
UK home internet access increased from 7.6 million homes to 9.3 million homes during 2001, according to Continental Research. However, the rate of internet uptake is showing signs of slowing and indications are that unless the Government addresses who, as well as how many, are using the web, it could have difficulty in getting the… Continue reading Feature: Creating A Nation Of Internet Users
ISBA is warning advertisers against increasing their TV adspend to meet impact targets, claiming that reported falls in viewing could be due to the recent changes in the BARB methodology (see MRG Evening Meeting: The New BARB Contracts).The advertising body is concerned that increasing TV adspend could generate airtime cost inflation and is urging its… Continue reading ISBA Warns Against Increasing TV Adspend
The Cinema Advertising Association (CAA) has reported a good start to the year, with admissions for March up 43% year on year at 14.3 million and admissions for the first quarter of 2002 up 37% compared to the same period last year.The star-studded Rat Pack remake Ocean’s Eleven took first place at the box office,… Continue reading First Quarter Success For Cinema Admissions
The Wireless Group (TWG) and Emap have formed a joint venture to apply for the local digital multiplex radio licences in Swansea and Stoke-on-Trent.The arrangement will see TWG take a 70% stake in the venture, while Emap takes on the remaining 30%. As part of the agreement Emap will also take a 20% stake in… Continue reading Emap And TWG Team Up For Multiplex Bids
The ITC has published its annual report and accounts for 2001. In it, the Commission looks at what it terms the “severe financial pressures on the commercial sector”, evaluates its public commitments to produce a rich genre mix of high quality programming and assesses the changes in public tastes.Introducing the report, Sir Robin Biggam, ITC… Continue reading ITC Publishes 2001 Report And Accounts
