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Facebook profits to hit $1bn as floatation nears

Facebook's profits have doubled in 2011 and are set to hit $1bn (£645m) for the full year...The figures, which were published last week on the blog Gawker, via a source "with knowledge of Facebook s finances", show that the company's net income surged to $714m ( 460m) for the first three ... , which revealed that Facebook's net income in the first half of 2011 came to almost $500m . Revenues were ...

TBWA\London resigns £25m Muller ad account

TBWA\London has resigned its £25m Muller Dairy advertising account following creative differences..... TBWA\London launched M ller's 20m advertising campaign, 'Wunderful stuff' , it's biggest ever ... . The agency will continue to work with Muller until a replacement agency is found. M ller's marketing ...

HMV considers sale of live music business

HMV has reported a £36.4m pre-tax loss and said it may be forced to sell its live music division...for the 26 weeks until 29 October. Its 36.4m pre-tax loss compares to a 27.4m loss for the same period ...

Christmas day online shopping spree to hit £186.4m

UK consumers are set to spend £186.4m online on Christmas day this year, 12% more than last year...It is forecasting that on Boxing Day, consumers will be spending almost double the amount they spent last year, with online sales set to reach 367.8m. According to IMRG, more consumers are going online on Christmas day to deliver Christmas messages on social networks via desktops and mobile devices ...

Male cancer charity Orchid brings in EdenCancan for T-shirt campaign

. Nick Ede, creative director at EdenCancan, said: I m thrilled to be working with such a great charity ...

Guardian axes Sport and Film and Music supplements

. These changes will run alongside an overhaul of editorial, designed to save 1m a year, which will include cuts ... the business. Last month, the group put its PaidContent website up for sale with a price tag of $20m ( 12.7m), three years after it bought the New York-bases digital and events business. The group has ...

Friends Reunited value plummets

Friends Reunited has an asset value of just £5.2m, one fifth of the amount owner DC Thomson...evidence of the value of the customer database acquired. DC Thomson is accounting more than 20m ... bought Friends Reunited two years ago from ITV for 25m, a knockdown price compared to the 175m paid ... in turnover in its digital division of 17m to 28m. It did not disclose if Friends Reunited was making a ...

Costcutter gears up for Kwik Save rebrand

respect, there's no point putting a beautiful M S store in a very dark and dingy council estate ... message. This year the brand has spent between 3m- 4m on media and ran television activity in 36 weeks ...

BBC pitches £5m media account for Licence Fee

The BBC is to pitch its £5m media planning and buying account for its Licence Fee and Marketing

The Annual 2011: Top 10 TV and cinema ads

break once again and this boy band pastiche was the clear winner ( against M ller) in the battle ... pastiche was the clear winner (against M ller) in the battle of the yoghurts. We wonder how they'll top ...

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