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Icon Medialab shares suspended

LONDON - Shares of debt-ridden internet consultancy Icon Medialab have been suspended from the stock exchange in Stockholm until further notice, as the company scrambles to secure extra financing.

AT&T Business to use GCI on EMEA brand campaign

AT&T Business - the B2B arm of telecoms giant AT&T - is driving a PR campaign to develop its corporate reputation across Europe, Middle East and Africa (EMEA). The PR push comes after the recent demise of Concert - AT&T's joint venture with BT - which, until its closure in October, prevented...

VNU on track to meet reduced forecasts

LONDON - Publishing and market research firm VNU said it is on track to meet its reduced full-year forecasts after a strong performance from its research division, which includes the US-based ACNielsen.

No decision on Consignia job losses

LONDON - Consignia chief executive John Roberts has issued a hasty statement, backtracking on its announcement that 30,000 jobs were to go, by stressing today that no final decisions had been taken.

Yahoo! bids for HotJobs in drive
for non-ad revenues

NEW YORK - Yahoo! has made a takeover bid for recruitment website Hotjobs.com, as it continues its drive to reduce dependence on advertising and find new sources of revenue.

Consignia to slash 30,000 jobs

LONDON - John Roberts, chief executive of Consignia, formerly the Post Office, has told MPs the company is set to cut up to 30,000 jobs in the next 18 months, representing 15% of the company's 200,000 workforce.

Survey says more hard times ahead
but sees a recovery in late 2002

LONDON - Zenith Optimedia's latest advertising spend survey predicts another difficult year for the industry, with a recovery emerging later in 2002.

Corporate alliances

BestofBiz Briefings are articles on topical management issues from the London Business School, with links, references and further reading. This article can also be viewed free on the BestofBiz website.

Aegis expands global offering
with Japanese acquisition

LONDON - Aegis Group, owner of media-buying giant Carat, has bought Japanese market research group Research Fact.

H&K to capitalise on downturn with
launch of change management division

LONDON - Hill & Knowlton, one of the UK's leading PR consultancies, has launched a new division to deal with change management to capitalise on the fallout from the economic downturn.

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