Nortel signs up as latest 2012 sponsor

The London Organising Committee of the Olympic Games and Paralympic Games (LOCOG) has announced technology company Nortel as the latest London 2012 Tier One sponsor. LOCOG says this latest deal means it is “well over” half way to reaching its domestic sponsorship target. Brands signing up to a Tier One sponsorship pay at least £40m […]

GMG like-for-like profits plummet 95%

Guardian Media Group has reported “an exceptional” period for the year ended 30 March, in which the sale of its stake in Trader Media Group prevented profits falling by 95 per cent. The group’s sale of its 49.9% share of the publisher of Auto Trader to venture capitalist Apax helped boost pre-tax profits to £306.4 […]

Next “cautious” about second half of 2008

Next has warned of a “cautious” outlook for the second half of the year, after a fall in first half revenue. The retailer reported its results for the first half ended July 26 today (July 30). The retailer says it expects a similar figure for the second half of the year. It is renovating stores […]

Northern Rock to axe jobs

Northern Rock has announced plans to cut around 1,300 jobs. The redundancies will form part of its plan to restructure the embattled mortgage lender. The bank, which was nationalised in February this year, is also estimating that it will have 4,000 staff left, with a total of 2,000 jobs axed by 2011. It is hoping […]

Lloyds profits fall by 70%

Lloyds TSB has seen profits plunge by 70% over the first half of the year due to the credit crunch and woes in its insurance business. It comes despite the rest of its business, including retail banking, “performing well”. The financial services group reported a pre-tax profit of £599m for the first six months of […]

Michael Nutley: Why brands dont get online creativity

One of the questions Im most often asked is whats the most exciting work Ive seen recently. For most of this year, this has been a hard question to answer. Theres clearly some good stuff being done in the world of interactive marketing and advertising, but there isnt much that makes your jaw drop. And its clear that one of the reasons people ask the question in the first place is that they havent seen much that fires them up either.

Santos gives soap the hard sell

Many brands claim to be global, but while numerous are certainly international few truly span the globe. Unilever’s Persil, marketed in other parts of the world as Omo, is one that can justifiably claim to do so.

Vidler weaves her Magic at Bauer

Andria Vidler believes she has silenced many of her critics over the past three years. When she first joined 105.4 Magic as managing director in 2005, following a difficult stint at 95.8 Capital in the same role, many took the opportunity to question if she had the commercial nous to meet EMAP’s ambition of making […]

Domino’s unveils ‘pizza theatre’ in new design

Domino’s Pizza is introducing a new look across its stores in the UK and Ireland to include a “pizza theatre” that aims to highlight the company’s handmade pizza production process. The design will be rolled out across its 526 stores over the next two years. The theatre or glass-viewing pane will be the centre point […]

British Gas reveals new price hike

Utility giant British Gas has announced a fresh round of price hikes, which will see the average dual fuel bill increase by 25%. The hikes, which will see gas prices rise by 35% and electricity by 9%, were announced today (July 30). The company blames the move on soaring wholesale energy prices, increasing transportation and […]

Coke faces Zero lawsuit

A Chicago businessman has accused the Coca Cola Company of stealing the “Zero” brand name. Mirza Baig has filed a lawsuit against the soft drinks company in a bid to stop it from using the name. Baig, owner of Blue Springs Water Co, claims he launched a no calorie water brand called Naturally Zero in […]

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