Despite a downgrade by Warburg Dillon Read, information group Reuters rose 12˝p yesterday to close at 820˝p.Shares in Pearson fell yesterday despite the release of a good trading report for the group, which emphasised its continued investment in the internet (see Sharewatch). Prices closed down 14p to £18.34p.Telewest jumped 9˝p as the cable group announced… Continue reading Sharewatch
The Audit Bureau of Circulations (ABC) is to review the stringency of its auditing procedures following the discovery of a six year falsification of the figures for three Birmingham newspapers. The Birmingham Post & Mail (BPM) titles – Birmingham Evening Mail, Birmingham Post and Sunday Mercury – were last month found to have been reporting… Continue reading ABC To Review Audit Process Following False Circulation Figures
London’s alternative radio station, Xfm, and EMAP-owned South Yorkshire pop station Hallam FM have each been fined £50,000 by the Radio Authority for breaches of the Broadcasting Act and Programme Code. The fines are the largest that the Authority has ever levied on a station and represent the maximum single penalty which the RA can… Continue reading Xfm And Hallam FM Receive £50,000 Fines
A Net tariff war commenced yesterday as cable company Telewest announced plans to launch SurfUnlimited, a residential unmetered internet access service, for just £10 a month. When it is introduced on Valentine’s Day 2000 it will be the first unmetered service in the UK.The news comes just one week after BT announced its own unlimited… Continue reading Telewest To Launch Britain’s First Unmetered Internet Service
The Independent Television Commission (ITC) has backed the proposed merger between cable companies NTL and Cable & Wireless Communications (CWC), but has said that there are competition issues raised by Vivendi’s plans to take a 24.4% stake in BSkyB. Both proposed deals were referred by the secretary of state for Trade and Industry to the… Continue reading ITC Backs Cable Merger But Raises Questions Over BSkyB/Vivendi Tie In
Inflation has increased over the past month, putting further pressure on the Bank of England to raise interest rates. The November underlying rate of inflation was unchanged at 2.2%, according to figures released by the Office for National Statistics this morning. However, the headline rate of inflation was 1.4% year-on-year, up from 1.2% in October.… Continue reading Headline Inflation Rises In November
Toyota will sponsor the last ITV commercial message of the millennium and the first of the next as the exclusive sponsor of all available programming on both New Year’s Eve and New Year’s Day.This is the third year that Toyota has been official sponsor of the New Year celebrations as part of a five year… Continue reading Toyota To Sponsor Last ITV Commercial Of The Millennium
Month On MonthThe latest national newspaper circulation figures, released by the Audit Bureau of Circulations (ABC) today, show an overall month on month decline in sales of 1.4% for November 1999. The only newspapers to increase their sales over the monthly period were the Sunday Business, which saw its monthly sales increase by just over… Continue reading National Newspaper ABC Round-Up – November 1999
The latest national newspaper circulation figures, released by the Audit Bureau of Circulations (ABC) today, show an overall month on month decline in sales of 1.4% for November 1999. The only newspapers to increase their sales over the monthly period were the Sunday Business, which saw its monthly sales increase by just over 2,000 copies… Continue reading National Newspaper ABC Round-Up – November 1999
Pearson saw its stocks soar yesterday as the media group prepared for today’s trading statement in which the launch of a new UK personal finance website, FTYourMoney.com, was announced. Share prices climbed 57p to £18.48p.Shares in both Telewest and Flextech took a tumble as merger rumours heightened (see Telewest And Flextech Close To Merger). Flextech… Continue reading Sharewatch
