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Internet woes hit NewMedia Spark

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

News and information company Reuters has scrapped plans for a retail version of its online brokerage system Instinet.

Beenz.com cuts jobs and offices in restructure

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.

CAMPAIGN-I: Pres.co/Foresight to kick off 2001 rebranded as Wheel

Pres.co/Foresight, the digital solutions company created by the merger of two new-media agencies earlier this year, is to complete its integration process by rebranding as Wheel.

DIARY: Inflated media spend claims fail to impress the Campaign hacks

The keeper of Campaign's much-perused new-business performance league has had a frustrating year. It might be the season to be merry, but it seems the industry is far more interested in porkie pies than mince pies. With the plethora of dotcom launches, agencies and their new hip clients have taken...

Lloyds TSB to partner with Centrica for online venture

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.

CAMPAIGN.I: News Briefs

Ogilvy Interactive has appointed Ian McAuley as international digital client team leader on its global account for American Express. McAuley joins Ogilvy's digital agency from the Seattle-based online solutions company Saltmine, where he was director of strategy. He will head a team of 30 in London...

Lastminute and QXL relegated from FTSE technology index

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

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.

INTERNATIONAL: BORDER LINES - Bullova to head new Mozaic office

BRATISLAVA: Top five Czech PR consultancy Mozaic Group has opened an office in Slovakia. The eight-year-old agency, which traded until earlier this year as Interel, specialises in financial and new media PR work. The Bratislava office will be headed by Sona Bullova, who will report to Evzen Cekota,...

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