According to a new report, the British advertising market is expected to record strong growth. As per Zenith Optimedia estimates, the advertising revenue is expected to grow at the rate of 7.4 per cent or by £1 billion this year to £14.3 billion.
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Telecom giant AT&T has agreed to acquire satellite TV firm DirecTV in a stock-&-cash deal worth around $48.5 billion, or $95 per share.
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American pharmaceuticals & health care products firm Abbott Laboratories on Friday confirmed that it would acquire Chile-based CFR Pharmaceuticals SA in a $2.9 billion (£1.72 billion) deal.
Abbott will acquire nearly 73 per cent of CFR's publicly traded shares from founder Weinstein family-led holding company, while a tender offer will be issued for buying the remaining shares.
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5 days 22 hours ago
Representatives of the Co-op Group are all set to vote on a proposed major overhaul of the 150-year-old organization that will decide its future.
While former City Minister Lord Myners has proposed a major overhaul of the group, saying it is necessary to keep the group afloat; traditionalists within the group may oppose the proposal as are reportedly still denying problems.
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Advertising giant WPP, the top shareholder in PR firm Chime, on Friday joined shareholders' revolt against the company's remuneration policies at its annual general meeting.
Nearly 25 per cent of Chime shareholders refused to support its future pay/remuneration policy for its executives, while 22 per cent of the shareholders turned down its last year's remuneration report.
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5 days 22 hours ago
London-based investment banker Colin Fan has warned traders that making boastful, indiscreet and vulgar comments could have serious consequences for your career.
Mr. Fan, the joint boss of Deutsche Bank's 'casino' division, said that some traders' communications were falling short of established standards, making a dent in the bank's reputation.
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5 days 22 hours ago
Pfizer's takeover bid for AstraZeneca is not inevitable and the Anglo-Swedish pharmaceutical giant can create value for its shareholder on its own, according to AstraZeneca CEO Pascal Soriot's claims.
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5 days 22 hours ago
After being slapped with a £12 million payout order by regulator Ofgem, energy supplier E. ON's chief executive has admitted that the company has failed to place enough rules and checks to avoid the latest mis-selling scandal.
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5 days 22 hours ago
London's South West postal district, particularly the SW19 Wimbledon postcode, is the most attractive location for buying property for aspiring young urbanite professionals, according to a fresh survey by Lloyds Bank.
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