The Chancellor rose at 3:32pm.Growth forecast for 2001 to be between 2.25% and 2.75%.Inflation forecast for March 2002 to be 2.25%.Budget is in surplus of £23bn this year.Debt repayment will be £34bn this year.Tax relief on intellectual property and goodwill proposed. Small firms to pay no VAT.Consideration of research and development tax credit for large… Continue reading Budget Line 2001 – The Chancellor’s Speech As It Unfolds
SMG has announced yet another stake increase in Scottish Radio Holdings, taking its stake up to 27.7%. SMG has acquired a further 2.8% stake in SRH for £14.6 million, in two separate purchases: 644,000 shares on Monday and 275,000 yesterday.All the shares were priced at 1,587˝p each, its closing price on Monday. SMG has been… Continue reading SMG Builds Scottish Radio Stake To 27.7%
Emap shares dropped 26p to £8.46 yesterday after brokers Commerzbank downgraded the company and was said to reviewing its current £10.10 price target and earnings forecast.Cable companies Cable & Wireless and Telewest both saw increases yesterday as investors returned to the sector, with C&W increasing 53p to £7.48 and Telewest up 14p to £1.42¾.The closing… Continue reading Sharewatch
The Guardian newspaper last week unveiled investment plans for its Saturday edition. Weekend magazine is to become a glossy with 60% more editorial pages and two of the newspaper’s weekday supplements – Space and The Editor – will be added to its current six sections.The move follows similar announcements from its broadsheet rivals, the Times… Continue reading Feature: National Newspapers Look To Boost Female Readership With New Saturday Offerings
The Independent Television Commission (ITC) has released details of complaints about television advertising it dealt with for January 2001. Food and drink advertising seemed to cause the largest amount of controversy during the month, with an advert for Van der Bergh Foods’ Chicken Tonight Stir-In Paste prompting complaints from 16 sources, all with close links… Continue reading Why The ITC Wasn’t Having Chicken Tonight
Newsline will provide coverage of the key developments in this afternoon’s Budget as it is delivered by Chancellor of the Exchequer, Gordon Brown. Newsline‘s Budget page will be set to automatically refresh every few seconds ensuring a full, rolling coverage throughout the Chancellor’s speech which is expected to begin around 3:30pm.
BSkyB is aiming to gain an additional £50 per customer each year as a result of its interactive TV services, according to CEO Richard Freudenstein. Speaking at the FT New Media and Broadcasting conference yesterday, he said that in addition to existing interactive services on news and sports channels, new services such as SMS messaging,… Continue reading BSkyB Outlines Plans To Gain £50 More Revenue Per Customer Each Year
The Institute of Practitioners in Advertising (IPA) and the Incorporated Society of British Advertisers (ISBA) have joined forces to produce a new set of best practice guidelines for the production of press advertising. The guidelines, which aim to help advertisers and agencies, identify four potential “pressure points” which can damage efficiency.Bob Wootton, ISBA’s director of… Continue reading IPA And ISBA Issue Best Practice Guidelines On Press Advertising Production
Media group Emap is understood to be in discussions to sell off its US consumer magazine business, Emap USA, as the division continues to lose the company money. According to a report in this morning’s Financial Times, Emap has received ‘several’ approaches from interested parties and is understood to be pursuing these offers.Emap bought the… Continue reading Emap Reported To Be Close To US Sale
When United Business Media last week announced an 11.4% rise in headline profit during 2000 (see UBM Shares Surge On Strong Profit), the company reporting was almost completely unrecognisable, even in name, from this time last year. United has chosen its way forward and begun the new millennium making certain it is on track.The new… Continue reading Sharewatch Focus: United Business Media
