The Bank of England has cut interest rates by a quarter point to 5%. After keeping rates unchanged at its last meeting in May (see Newsline), the bank’s Monetary Policy Committee (MPC) decided that low inflation allowed it to give the UK economy another boost.
The Daily Mail & General Trust (DMGT), owner of the Mail and Evening Standard newspapers, has this morning reported an increase in pre-tax profit of 11.8% to £83.4 million. For the six months ended 4 April 1999, turnover at the group was up by 14.7% to £754.1 million.The group’s Associated Newspapers division reports a strong… Continue reading Strong Newspaper Revenues Aid DMGT Profits
Media and leisure group Granada dropped 21p yesterday to 1,294p. The group reported double digit earnings in its first half results, and expects higher growth in the second half of the year (see Newsline).Bristol United Press (BUP) enjoyed a rise of 15p to 517˝p after reporting a 26% increase in operating profit to £14.3 million… Continue reading Sharewatch
Bristol United Press rose 5p to 502˝p yesterday. The group releases it yearly financial results today for 1998 and reports a 16.2% increase in pre-tax profit. More details will be available on Newsline shortly.Granada also releases its interim results today, for the six months to March 1999. It reported a turnover of £1.98 billion for… Continue reading Sharewatch
Following publisher Mollin Group’s previous association with Weider Publications (see Newsline) in the fitness sector, comes a new launch in the health magazine market.The distinctive front cover is the most immediate point of attention when considering the first edition of Men’s Fitness . It certainly breaks the usual conventions of a men’s health magazine cover… Continue reading First Issue Review – Men’s Fitness
Score Digital – the digital radio group owned by Scottish Radio Holdings – has emerged as the sole bidder to the Radio Authority for the Glasgow local digital radio multiplex, advertised in February (see Newsline). The licence will deliver programme and data services to a potential audience of 1.8 million and the closing date for… Continue reading Score Digital Is Sole Bidder For Glasgow Digital Radio Licence
The first quarter of 1999 has seen the rise in cable TV take-up continue, with 12.4% of all UK homes now receiving their TV through cable, according to the latest report from the Independent Television Commission. This compares to 11.9% in the ITC’s previous report (see Cable Take-Up Continues To Rise).Of the 12.1 million households… Continue reading Cable TV Take-Up Rises
The advertising and marketing group WPP has acquired NoHo Digital (ND), the UK new media agency. ND will be combined with one of WPP’s subsidiaries – OgilvyOne. The founder of Noho Digital, Tim Carrigan, will oversee the merger of ND with OgilvyInteractive, and the resulting company will have combined revenues of £1.5 million.WPP has also… Continue reading WPP Purchases New Media Agency
Granada has issued results for the six months until 27 March 1999 today, with pre-tax profit increasing 15% to £315 million. The group, which has interests in both media and leisure, also reported a 6% increase in turnover to £1.98 billion. Overall, diluted earnings per share for the group were up by 14% to 23.8p… Continue reading Granada Reports Double Digit Earnings Growth In First Half Results
