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Reuters ditches plans for online brokerage product

LONDON (Brand Republic) - News and information company Reuters has scrapped plans for a retail version of its online brokerage system Instinet. The company’s share price fell 76p to 11.92 yesterday, amid investors’ fears that plans to float Instinet would now be abandoned. Reuters, however, said ...

GlaxoSmithKline merger gets US approval

LONDON (Brand Republic) – The 130bn merger between drugs giants Glaxo Wellcome and SmithKline Beecham has been approved by US anti-trust regulator, the Federal Trade Commission. The company ... (December 20). GSK will be listed on the London and New York stock exchanges on December 27. ...

VNU buys AC Nielsen in £2.3bn deal

LONDON (Brand Republic) – Dutch publisher and internet company VNU has agreed to buy US market research company AC Nielsen in a 2.3bn cash deal which is expected to close by the first quarter of 2001. VNU bought Net Ratings, an internet ratings firm, from AC Nielsen in November 1999, according to a ...

Agency.com axes 190 jobs in cost-cutting strategy

LONDON (Brand Republic) – New-media consultancy Agency.com has axed 32 jobs in the UK and an additional 158 worldwide in a global cost-cutting strategy following a fall in demand for interactive consultancy from blue-chip companies. In addition to the cuts in the UK, the company’s US operation ...

Express websites sold for £1 as United cuts back

LONDON - Richard Desmond, the new owner of Express Newspapers, has sold the company’s four websites

INTERNATIONAL: Pinkstone lands Chelgate post

HONG KONG: The former head of the Hong Kong government's overseas PR division, Mark Pinkstone, has joined independent agency Chelgate Asia as executive vice-president, overseeing three offices. He replaces Frank Wingate, who moves to Chelgate's head office in London as a director (PRWeek, 24 November ...

Razorfish shares plummet on earnings warning

LONDON (Brand Republic) - Shares in US internet services company Razorfish slumped sharply during after-hours trading last night after the company warned that its fourth-quarter earnings would be below expectations. The company said it expects to report a net loss of 17-22 cents a share and revenue of 50m ...

Carlton’s bid for European internet alliance founders

LONDON (Brand Republic) - Carlton Communications’ plans for a cross-border European internet alliance ended yesterday, after three European media companies failed to commit to a financial investment. According to a Financial Times report, Carlton was unable to secure investments from Italy’s Mediaset, Spain ...

Carlton sells Technicolor to Thomson Multimedia in $2.065bn deal

LONDON (Brand Republic) - Carlton Communications has confirmed that it has reached a 2.065bn ( 1.43bn) agreement with Thomson Multimedia for the sale of its film and video processing company Technicolor. The terms of the deal involve 1.3bn ( 0.93m) in cash and 15.5m Thomson shares valued at 717m ...

DIARY: Masters of Spin

MT Rainey, the joint chief executive of Rainey Kelly Campbell Roalfe/ Y&R, has a very cruel nick-name: Empty Brainey. As one of the most intelligent people in the industry, this has always seemed like a grave injustice. Despite the blonde hair, MT could give Stephen Hawking a run for his money. She even ...

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Making the most of mobile

Welcome to the first incarnation of a new element in Campaign in which we invite experts to burrow beneath the surface of the catch-all that is "digital". Google, Isobar Mobile, JWT London, LBI and MBA share their insights on mobile.