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Internet woes hit NewMedia Spark

LONDON (Brand Republic) - Internet incubator NewMedia Spark has written off more than 45m from the value of its investments, because of the turmoil in the internet sector. The company, which announced its interim results yesterday, now values its investments at 120m, a fall of 30%. Most of the write ...

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 ...

Lloyds TSB axes eight in Evolvebank rethink

marketing director. Goldfish currently uses TBWA/London for its credit card advertising but Lauer said ...

Beenz.com cuts jobs and offices in restructure

LONDON (Brand Republic) – Beenz.com, the internet currency trader, has become the latest online business to announce a restructuring, including job cuts and the closure of overseas offices, as a result of a downturn in online spending by its customers. The company, which is also said to be seeking a ...

DIARY: Inflated media spend claims fail to impress the Campaign hacks

. TBWA/London too is keen to dominate the league, sending client confirmation of a pounds 10 million ...

Universal bank will need £350m state funding

LONDON (Brand Republic) – The government is facing an annual bill of up to 350m to create the Post Office-based universal bank, because 10 high-street banks are reported to have refused to pay 125m a year towards running costs. The Guardian reports that the banks are only prepared to pay half ...

Lloyds TSB to partner with Centrica for online venture

LONDON (Brand Republic) - Lloyds TSB has ditched plans to launch its online subsidiary Evolvebank in the UK and has chosen instead to link up with British Gas owner Centrica to launch an internet bank called Goldfish. The bank will offer services over the phone as well as over the internet, in an effort ...

CAMPAIGN.I: News Briefs

solutions company Saltmine, where he was director of strategy. He will head a team of 30 in London...Ogilvy Interactive has appointed Ian McAuley as international digital client team leader on its global account for American Express. McAuley joins Ogilvy's digital agency from the Seattle-based online solutions company Saltmine, where he was director of strategy. He will head a team of 30 in London ...

Lastminute and QXL relegated from FTSE technology index

LONDON (Brand Republic) - Online retailer Lastminute.com and internet auction company QXL.com have been dropped from the FTSE Techmark 100 index. The two companies were relegated from the index because of the plunging value of their share price. Also expelled were Easynet, Horizon Technology ...

Shares in Freeserve suspended amid take-over speculation

Shares in UK ISP Freeserve have been suspended from trading on the London stock exchange amid...LONDON (Brand Republic) – Shares in UK ISP Freeserve have been suspended from trading on the London stock exchange amid speculation that the company is about to be taken over by French ISP Wanadoo. The suspension mirrors activity on the Paris Bourse exchange where shares in France Telecom-owned Wanadoo have ...

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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.