Online search giant Yahoo has published its second quarter results which disappointed the market, sending its shares diving more than 7%. Profits at the company grew by more than 50% in the quarter, but net revenues missed expectations. Revenue in the three months ending June 30 totalled $1.6 billion (£1.05 billion), compared with $1.57 billion [...]
A report by the Institute of Practitioners in Advertising (IPA) and accountants BDO has found companies slashed their marketing budgets in the April to June period. The cut backs were due to increasing concern among companies that the economy will see slower growth in the second half of 2010. The survey of 300 British companies [...]
The world’s largest advertising group WPP, has today reported an increase in like-for-like revenues of 1% in March – its first since December 2008. The advertising giant is now raising its key like-for-like full-year revenue forecast to 2% growth. Its French rival, Publicis Groupe, exceeded expectations for its first-quarter sales last week, when it posted [...]
The world’s largest advertising group WPP has seen an improvement in profits after a ‘brutal’ 2009. The advertising giant said pre-tax profits had tumbled by 16% year-on-year to £812 million. However, this was better than the £780 million forecast. Meanwhile, revenue grew by 16% to £8.7 billion, while like-for-like sales fell 8%. The company was [...]
Online search giant Yahoo has posted strong quarter four profits but said sales continue to decline. The company said net profit in the October to December period was $153 million (£95 million) compared with a $303 million loss in the same period in 2008. However, revenue was down 4% to $1.7 billion in the quarter [...]
US search engine giant, Google, said revenues rose 17% in the fourth quarter 2009 compared with the same period a year ago. Advertising earnings were higher at the company with revenues totalling $6.67 billion (£4 billion) in the October to December period – up from $5.7 billion a year ago. However, the figures were at [...]
A report by the Institute of Practitioners in Advertising (IPA) and accountants BDO said advertisers continued to reduce their budgets in the fourth quarter of 2009, but the rate of decline was at its slowest in almost two years. As they economy recovers, the report suggests that budgets will rise in 2010 and comes after [...]
Online search giant Yahoo has posted its quarter three profits today and exceeded analysts expectations, suggesting that advertisers are spending again. Yahoo said it earned $186 million (£113.6 million) in the July to September period, more than treble the $54 million earned in the same period of 2008. Since chief executive Carol Bartz took over [...]
Internet search giant Google believes the worst of the recession is over after it posted a rise in third quarter profits. Google’s results suggest that the demand for online advertising is growing after the company reported net profit of $1.64 billion (£1 billion) during the 3-month period – a 27% increase compared with the same [...]
The Government is to target areas of England with high levels of repossession with a new advertising campaign, the BBC has reported. Hotspots include: Barking and Dagenham, Corby, Knowsley, Salford, Newham, Walsall, Redditch, Halton, Sandwell, Wolverhampton, Bolton, Reading, Swindon, Northampton, and Cannock Chase. Nottingham, Birmingham, Manchester, Liverpool, Sunderland, Wigan, and Kingston-upon-Hull are some of the [...]
The world’s largest advertising group WPP has reported that pre-tax profits almost halved for the first half of 2009 but said the latter half of the year was “forecast to show a marked improvement in profitability”. Pre-tax profit for the six months to the end of June plunged 47% to £179 million, while like-for-like revenue [...]
ITV has sold Friends Reunited for £25 million to Brightsolid Limited, the company owned by DC Thomson, Dundee-based publisher of children’s comic, the Beano. The sale comes as the broadcaster announced a pre-tax loss of £105 million in the first half of 2009, while advertising revenues plummeted by 15% – however this was marginally better [...]
There is bad news today with regard to UK jobs after the Centre for Economics and Business Research (CEBR) warned that 334,000 jobs will be axed across the business services sector by 2011. The study suggests that the credit crunch and recession will result in more than half of the jobs that were created in [...]
The world’s largest advertising group WPP has announced that revenue is down by 5.8 percent like-for-like in the first 3 months of 2009 and recovery is unlikely until 2010 after a trading update was released today. Cuts in clients’ spending, as a result of tightening advertising and marketing budgets means that 2009 will be a [...]
Rightmove has been experiencing a sharp downturn in the number of estate agents advertising on its website. The company, which operates the UK’s largest property portal and claims to advertise around 90% of British homes for sale, has reported that up to 300 estate agents are terminating their agreements each month. This time last year [...]
The housing market slowdown has hardly been good news for property portal, Rightmove, as its share price reflects. However, the company has just reported a 63% rise in pre-tax profit in the six months to the end of June, to £19.8 million. Revenues for the period increased 49%, to £37.8 million, with both sales to [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
About | Privacy | Disclaimer | Resources | XML Feeds | Press Releases | Directory | Contact us
