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.
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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.
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.
Universal bank will need £350m state funding
14 Dec 2000
The government is facing an annual bill of up to 350m to create the Post Office-based universal bank, because 10 high-street banks are reported to have refused to pay 125m a year towards running costs.
Lloyds TSB to partner with Centrica for online venture
14 Dec 2000
Lloyds TSB has ditched plans to launch its online subsidiary Evolvebank in the UK and has chosen instead to link up with British Gas owner Centrica to launch an internet bank called Goldfish.
Lastminute and QXL relegated from FTSE technology index
07 Dec 2000
Online retailer Lastminute.com and internet auction company QXL.com have been dropped from the FTSE Techmark 100 index.
Shares in Freeserve suspended amid take-over speculation
06 Dec 2000 | by Claire Billings
Shares in UK ISP Freeserve have been suspended from trading on the London stock exchange amid speculation that the company is about to be taken over by French ISP Wanadoo.
Interpublic buys Deutsch
01 Dec 2000 | by Camilla Palmer
The Interpublic Group of Companies has acquired New York-based advertising agency Deutsch. Terms of the acquisition have not been disclosed, but the deal is estimated to be worth 200m- 300m.
Havas buys Abernathy MacGregor PR
01 Dec 2000
Havas Advertising is to buy US financial PR firm Abernathy MacGregor, after beating Cordiant Communications in the bidding stakes.
Halifax’s IF gets off the ground
01 Dec 2000
The Halifax has finally opened the internet arm of its internet and telephone bank Intelligent Finance.
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