Gameplay shares jump on strong growth
22 Dec 2000
Online games retailer Gameplay reported strong year-on-year sales growth yesterday, prompting its share price to leap by 11.5% this morning.
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BMP DDB wins back Guardian account
22 Dec 2000 | by Claire Billings
BMP DDB has been hired by The Guardian to handle advertising for the newspaper group’s online and offline brands.
Internet woes hit NewMedia Spark
21 Dec 2000
Internet incubator NewMedia Spark has written off more than 45m from the value of its investments, because of the turmoil in the internet sector.
Reuters ditches plans for online brokerage product
21 Dec 2000
News and information company Reuters has scrapped plans for a retail version of its online brokerage system Instinet.
Body Shop pays $6m to cut Softbank link
20 Dec 2000
The Body Shop has severed its contract with its internet partner, troubled Japanese internet investor Softbank, in a move which will bring the retailer’s website in-house.
Beenz.com cuts jobs and offices in restructure
20 Dec 2000
Beenz.com, the internet currency trader, has become the latest online business to announce a restructuring, including job cuts and the closure of overseas offices, as a result of a downturn in online spending by its customers.
Time Warner share price drops on expected earnings decline
19 Dec 2000 | by Claire Billings
Shares in US media giant Time Warner tumbled 15% on the news that the company’s full-year earnings would fall short of expectations due to a decline in advertising revenues, a fall in music sales and disappointing box office results for the Adam Sandler film, Little Nicky.
Telia to appeal Swedish 3G licence loss
19 Dec 2000
Sweden’s national telecoms carrier Telia is to appeal the Swedish government’s decision not to award the company a third-generation mobile licence.
Red Herring lays off 32 more staff
19 Dec 2000
Red Herring Communications, publisher of Red Herring - the US internet business magazine - has laid off 32 staff, just two months after it laid off 22 employees when it combined its online and print businesses.
Christmas gloom for eToys.com
19 Dec 2000
Online retailer eToys.com is understood to be looking for a buyer after warning that its Christmas sales will be well below expectations.
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