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Emap rises after thumbs up from Lehman Brothers

LONDON - Shares in UK media group Emap soared 15p yesterday after investment bank Lehman Brothers replaced its "market under-perform" recommendation with "market perform".

Former Shandwick director pays £6m for MacLaurin

The Hatch Group, a PR start-up company set up by former Shandwick director, Michael Murphy, has bought MacLaurin Communications for more than 6m.

TBWA\Chiat\Day wins $100m Energizer account

LONDON - US battery company Energizer has appointed TBWA\Chiat\Day to handle its 100m ( 70.55m) account following a pitch against DDB Chicago.

US regulator to take no action against Amazon unit

LONDON - The US Federal Trade Commission has ruled that Alexa Internet, a software company owned by Amazon.com, "probably" made deceptive and misleading statements about its privacy practices, but has decided not to take action against the company.

OPINION: PR's professionalism is putting advertising agencies to shame

I will surely be hung, drawn and quartered by the entire Council of the IPA for this column, but I am beginning to wonder whether PR agencies are not now superseding ad agencies in both management skills and clients' corridors of power. As an ex-president of the IPA and lifetime adman I...

Gameplay's losses widen

LONDON - Shares in computer game retailer Gameplay were down 40% to 4.5p this morning after it reported increased losses for the six months ending January 31.

WPP Group buys PR firm Communique

LONDON - Burson-Marsteller, the WPP Group-owned PR firm, has bought Manchester-based PR consultancy Communique for an undisclosed amount.

Publicis buys two New York PR firms

LONDON - French advertising company Publicis Groupe is buying two New York-based PR firms, Fabianne Gershon Associates and Hudson Stone Group, in an effort to boost its presence in areas other than advertising.

Jim Henson Company plans MBO from troubled EM.TV

LONDON - Charles Rivkin, chief executive of the Jim Henson Company, is planning a management buyout that could end months of speculation about The Muppet Show creator's future since its acquisition by troubled German media firm EM.TV last year.

Remington man Victor Kiam dies

LONDON - US entrepreneur Victor Kiam, famous for liking the Remington electric shaver so much he bought the company, has died in his sleep aged 74.

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