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Mobile phone operator Orange, which is being prepared for a 55bn flotation next year, could seek its primary listing on the Paris stock exchange in an attempt to avoid capital gains tax in the UK.
Officials from the Department of Trade & Industry are to interview staff at UK tabloid newspaper, the Daily Mirror, as part of an ongoing investigation into alleged improper share dealing.
FT.com, the Financial Times website, has appointed direct marketing agency BHWG Proximity to handle its online and offline marketing strategy to build traffic to the site and develop customer communications.
The European Central Bank is spending 46m (€80m) on an advertising campaign to ensure the introduction of Euro notes and coins goes smoothly in January 2002.
Recoletos, the Spanish publishing division of UK media group Pearson, suffered a disappointing debut on the Madrid Bolsa exchange yesterday when its share price fell 6p from its reduced issue price of 6.90.
Internet bank First-e has scrapped its planned TV advertising campaign just two weeks before it was due to launch.
The flotation of Recoletos, media group Pearson’s Spanish publishing operation, has been hit by volatile market conditions and will now be floated at a reduced price of €12 ( 6.90).
UK high-street bank Abbey National, which launched its internet banking service Cahoot.com in June, is on track to achieve its best full-year performance since 1993, following the release of its third-quarter results.
High-street banks are rowing over the setting up of the proposed Universal Bank, which would run through the Post Office.
Ivan Massow, the gay businessman and former Conservative who defected to New Labour, is merging his finance company and resigning as managing director to pursue other business interests.
