The Partners Design Consultants designs Granada logo

Pearson, owner of the Financial Times, has reported a slump in advertising revenues of 15 per cent last year and an increase in operating losses from &£23m to &£32m at the newspaper. Pearson itself reported pre-tax profits of &£152m compared with a loss of &£25m in 2002.

BSkyB has shortlisted Mother, Farm, HHCL/Red Cell and Phillipson Ward Longworth Camponi, the incumbent, for its &£5m Sky Bet account. The pitch is being handled by the AAR.