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Bloomberg denies $10bn sale to Thomson

LONDON - Bloomberg, the financial media business, has denied it is for sale following reports that Canadian media giant Thomson was preparing a 10bn ( 6.9bn) bid following Michael Bloomberg's surprise victory as New York mayor.

Financiers say no to management
buyout for Sunday Business

LONDON - Hopes that senior management of Sunday Business could organise a management buyout to save the paper from possible closure have been dashed as executives received negative responses from venture capitalists.

Online hard-sell 'damages brands'

LONDON - Brands that advertise online using hard-sell tactics risk damaging their image and sales, according to research commissioned by Freeserve.

Media and advertising boosted
by rate cut prospect

LONDON - Granada and Carlton were among the winners this morning as UK shares were boosted ahead of expected interest rate cuts.

Havas launches global financial PR network

LONDON - Havas Advertising has joined with independent City PR firm, the Maitland Consultancy, to launch a new global financial communications brand AMO International Financial Communications.

TV and direct marketing form the
backbone of 'grey' marketing

LONDON - Television and direct marketing are the most popular and successful ways to target the over-50 "grey" market, according to research from Thomson Intermedia.

Takeover Panel reveals why WPP
failed to get out of Tempus bid

LONDON - The Takeover Panel has said that WPP Group's failure to show how the September 11 terrorist attacks specifically affected Tempus was the key reason in its decision to force the group to proceed with its 432m offer for the media-buying company.

Bloomberg wins New York mayoral race

NEW YORK - Michael Bloomberg, founder of the eponymous financial publishing and media empire, has, with the help of his private fortune, been elected as the 108th mayor of New York City.

Brunswick PR accused of dirty tricks

LONDON - Brunswick, the City PR shop, has been accused of undertaking a dirty tricks campaign against fund manager Jupiter Asset Management, after delivering its Companies House annual report to 10 journalists last week.

Takeover Panel dismisses WPP appeal

LONDON - The Takeover Panel last night rejected WPP Group's appeal against the ruling that it must go ahead with its 432m bid for Tempus.


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