UK ad spend hits £36.6bn in 2023 amid real terms contraction
Oluwatoni AdeosunWhile the UK’s ad market grew 6% in 2023, total growth when discounting high inflation rates was -1.2%, according to the latest report from the AA and WARC.
Lego brand director: Purpose drives pricing power
Oluwatoni AdeosunInclusive marketing drives meaningfulness and differentiation for Lego, says brand boss Carolina Teixeira, measures closely linked to price elasticity.
Nationwide: Marketers should stop framing advertising as an investment
Oluwatoni AdeosunMarketing boss Richard Warren claims boards see advertising as a running cost, meaning marketers shouldn’t “cloak” campaigns in the word “investment”.
Retail media spend up 12% in 2023 as digital landscape shifts
Oluwatoni AdeosunOverall digital advertising spend grew 11% in 2023 to £29.6bn, according to data from IAB and PwC.