The share price of consumer magazine publisher Future Network nose-dived 23% to 447.5p after the company revealed that it is investigating a discrepancy totalling 3.2m in the accounts of its French subsidiary.
Financial and corporate public relations and marketing look set to overtake consumer PR and boost further growth within the communication sector as a whole, according to international marketing and communications company Incepta.
The European Commission is expected to rule in favour of the proposed 127bn AOL/Time Warner merger when it reports its findings tomorrow, following an investigation into the ramifications of the deal for the European internet market.
Internet consultancy firm Icon Medialab has poached Coca-Cola executive Eugene Sung as its chief marketing officer.
Wolverhampton & Dudley Breweries has reopened speculation about its future with an admission that it is undertaking a “strategic review” after pressure from concerned shareholders.
Hans Snook, chief executive of mobile phone company Orange, is expected to relinquish the day-to-day running of the group when it is floated by its parent company France Telecom.
Yahoo! is launching a free phone service in the US which lets users listen to news and email messages.
St Ives, the printing group which prints The Economist and Time Out, has reported pre-tax profits of 68.8m for the year ending July 30 2000, up 14.5% from 60.1m in 1999.
Internet concert broadcaster Online Classics is set to raise 7.4m by placing 13.3.m shares for sale, in order to buy TV arts production company Iambic Productions.
The UK’s largest mail order company Great Universal Stores is considering a sell-off of its home-shopping businesses in Austria and Switzerland because of under-performance.
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