Omnicom Group has posted a 5.6% rise in profit for the third quarter. In spite of the increase the parent company of ad agency networks including TBWA, BBDO and DDB, has predicted a tough fourth quarter. The group’s advertising revenues held up and rose 6.9%, but PR revenues fell 1.2% and speciality services dropped 3.2%. […]
Coca-Cola has started a multi million-pound pan-European advertising review of its Coke Zero brand, as part of the drinks company’s global plan to consolidate its agency rosters. The brand is worth £5.8m in the UK. Sources say agencies are being asked to pitch for the business with a view to launching new work at the […]
The British Humanist Association (BHA) is launching an ad campaign on London buses featuring the strapline “There’s probably no God”. The move has been made in response to an ad currently being run by Christian group Jesus Said. The BHA campaign, created by its in-house team and backed by comedy writer Ariane Sherine and atheist […]
The Government is expected to shelve plans to sell off betting business, the Tote. Sports minister Gerry Sutcliffe is set to make an announcement imminently. It is thought that a report from advisers Goldman Sachs will indicate the state-owned business is worth much less than the £400m the Government had hoped for and will force […]
Butlins, the Bourne Leisure-owned holiday company, has appointed Lida to handle its DM account. It won the business in a pitch against a number of undisclosed agencies. It is not clear if the incumbent Fox Kalomaski was involved in the pitch. RPM3:beechwood, Butlins’ above-the-line agency is not affected by the appointment. Earlier this week the […]
Telegraph Media Group is understood to be seeking a board-level marketer with a strong retail background to replace its senior marketing team, which was scrapped last week. The publisher is believed to have a brief out for a senior commercial figure, who will oversee the marketing function. It is looking at candidates with a retail […]
Home Retail Group, owner of retailers Argos and Homebase, has slumped to a first-half loss of £437m and reported a 19% fall in profit. The company blames the poor summer and the economic downturn. In its half-year results to August 30, Home Retail Group has reported that like-for-like sales dropped by more than 10% at […]
Apple has posted a 26% lift in profits to $1.14bn (697m) in the quarter ending last month. The company also says that iPhone sales have for the first time out-stripped the market-leading Blackberry.
Yahoo! has reported a pre-tax profit fall outside of the US of 7% to $119m (72.8m) in the three months to September 30. The internet giant has responded with the announcement it will cut around 10% of its global workforce.
I want to see Epson continue to develop leading edge technology to inspire people and transform the way in which they view and work with images and photos. My ambition is to see the Epson brand recognised in business markets in the same way as it is in the consumer market today.
The gambling industry has less than a month to find a voluntary system to fund the Responsibility in Gambling Trust, or it will be forced to pay a statutory levy. The Government will proceed with steps towards legislation in mid-November. A Gambling Commission consultation recommends that the Department of Culture, Media and Sport should prepare […]
Debenhams is scaling back investment in stock and store openings next year in a bid to reduce its debt and improve its share price. It comes as the chain reports a decline a fall in profits in its full year results. The department store chain says that net income has fallen from £79m to £77.1m […]
Arcadia Group, owner of Topshop, Dorothy Perkins and Miss Selfridge, has reported a 6.1% drop in operating profit for the full financial year. It fell from £293.3m last year to £275.3m for the 12 months to August 30. The group, which is led by Sir Philip Green, also saw a fall in total sales across […]
VCCP has opened offices in the Middle East and Germany as part of wider plans to turn the agency into a global network. It is also planning to set up an office in one of the former Soviet states next year. The agency has is currently bedding down staff and has been seeking launch clients […]
Crisis, the homeless charity, is seeking to drive awareness of the increased threat of homelessness due to the financial crisis. A new campaign, which breaks today (October 21), warns that economic turmoil is also a “human crisis”. The ad, which has been created by The Gate, features newspaper headline about the credit crunch with the […]