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Creston pre-tax profit slumps by two-thirds

LONDON - Creston, parent of Delaney Lund Knox Warren, reported a 66 per cent year-on-year drop in pre-tax profits for the six months ending in September.

John Lewis reports record TV sales

LONDON - John Lewis has announced a record week for TV sales as the retailer sees increased sales in electrical and home-technology products.

Co-operative launches £200m assault on the 'Big Four'

LONDON - The Co-operative supermarket chain has launched its biggest ever Christmas campaign with a £200m price cutting push.

New 'weekly' freesheet planned for London

LONDON - London is slated for a new freesheet despite both thelondonpaper and the London Lite failing to make the business model work, according to reports.

Tesco opens 'Tesco Outlet' store on eBay

LONDON - Tesco has launched an online shop on eBay, called Tesco Outlet, which sells discontinued electronics lines and repaired customer returns.

Stella Artois to launch Christmas ad campaign

LONDON - Stella Artois will launch a Christmas TV ad campaign in December to help save one million Atlantic Rainforest trees.

Johnston Press websites to introduce paywalls

LONDON - Johnston Press will today start an experiment to introduce a paywall on six of its local newspaper websites.

Alesha Dixon joins LA Fitness in results-based deal

LONDON - Gym chain LA Fitness has signed a four-year profit-sharing deal with singer and 'Strictly Come Dancing' star Alesha Dixon that goes beyond the usual flat-fee endorsement model.

Creston announces six per cent revenue decrease in interim results

UK-listed marcoms group Creston has seen a six per cent decrease in revenue during the six months to 30 September 2009.

Lachlan Murdoch in bid for Hollywood Reporter

LONDON - Lachlan Murdoch, the eldest son of media mogul Rupert Murdoch, is making a joint offer to acquire a group of US-based trade magazines, including Billboard and The Hollywood Reporter, from Nielsen Business Media, according to the Financial Times.

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