Social media ad spend growth plummets amid decline in trust July 2, 2019 Growth in advertising revenue for social media firms declined by roughly a half in the first three months of the year, in a sign of possible cooling in the digital ad market. Social media giants remain dominant in the online advertising sector, with ad spend rising 26 per cent year-on-year to just under $18bn (£14.2bn), [...]
NTT launches new London headquarters after mega-merger July 2, 2019 Japanese telecoms giant NTT has unveiled the launch of its new $11bn (£8.7bn) merged business, which will be headquartered in London. Read more: Japanese telecoms giant NTT Group set to pick London to for global headquarters NTT said it has merged 28 of its companies, including NTT Communications, Dimension Data and NTT Security, to form [...]
BBC narrows pay gap as it reveals highest-earning presenters July 2, 2019 Three women are among the top 10 highest-paid BBC stars for the first time ever as the broadcaster looks to address its gender pay gap. Claudia Winkleman, Zoe Ball and Vanessa Feltz ranked among the BBC’s top earners with salaries of more than £350,000. Last year no female stars made it into the top 10. [...]
Publicis Groupe completes $4bn acquisition of data marketing firm Epsilon July 2, 2019 Advertising giant Publicis Groupe today said it has completed its takeover of data marketing company Epsilon, revealing a final price tag of $3.95bn (£3.1bn). Read more: Creative advertising ‘in crisis’ as brands pursue short-term targets Publicis said the deal, which represents eight times Epsilon’s adjusted earnings, will boost its creative and tech operations as it [...]
Wizz Air grows passenger numbers amid route expansion July 2, 2019 Low cost airline Wizz Air has posted a 19 per cent increase in passenger numbers for June as a string of new routes continues to drive growth. Read more: Wizz Air profits rise as it expects higher fuel costs to push up 2020 earnings The Budapest-based company also increased its average capacity by 1.7 percentage [...]
Bain closes in on $4bn takeover of WPP data firm Kantar July 2, 2019 Bain Capital has entered into exclusive discussions to buy a majority stake in WPP’s data analytics firm Kantar in a deal worth roughly $4bn (£3.2bn). Read more: WPP to sell stake in sports marketing firm Chime Communications The deal would bring to an end a lengthy auction process which has seen bids from a series [...]
MPs set ultimatum for new laws to tackle online election interference July 2, 2019 MPs have called on the government to introduce new laws targeting electoral interference amid fears online political campaigns could be damaging democracy. The Digital, Culture, Media and Sport Committee has urged the government to roll out new legislation within six months to bring electoral law in line with modern digital campaigning techniques. Read more: Social [...]
New York and London top list of world’s best cities for marketing July 1, 2019 London has been named the second best city in the world for marketing activities, losing out only to New York. A new report published by Accenture named New York as the top location for marketers due to its world-class infrastructure, strong presence of brand owners and robust marketing ecosystem. Read more: WPP to sell stake [...]
Cost of new Museum of London balloons to £332m over ‘desperate’ need for repairs July 1, 2019 The price tag for the new Museum of London in West Smithfield market has increased by a third to £332m after studies revealed the extent of repair work needed. The relocation, previously estimated to cost £250m, is one of the largest cultural projects underway in Europe and is set to be the UK’s most expensive [...]
Shares in media firm Future surge as it raises full-year forecasts July 1, 2019 Shares in Future rose more than 10 per cent this morning after the media firm said it forecasts full-year results ahead of expectations. Future previously lifted its forecasts after strong trading in the first half of the year, as a string of major acquisitions drove a record rise in revenue and profit. Read more: Shares [...]
