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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.
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.
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.
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.
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.
LONDON - Zenith Optimedia's latest advertising spend survey predicts another difficult year for the industry, with a recovery emerging later in 2002.
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.
LONDON - Aegis Group, owner of media-buying giant Carat, has bought Japanese market research group Research Fact.
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.
NEW YORK - Online advertising company DoubleClick has launched a directory of media-planning information from 7,000 websites.
