The Week: City news - Phorm losses rise to $48m

Phorm's pre-tax loss stood at $48 million last year, compared with $32.1 million in 2007.

However, the targeted online advertising company claims it is making good progress internationally in markets such as South Korea. Despite the increase in losses, Phorm now plans to focus on growth in international markets.

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1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).