Finance

UK advertisers fret about spending cuts, higher taxes

They seem to be anyway as the IPA’s latest survey into advertiser intentions shows that 22 per cent of those surveyed cut their budgets in the last quarter of 2010 against 17 per cent that increased them. The IPA represents ...

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Bunga bunga legal charges may call time on Italian premier Silvio Berlusconi and his media empire

Some more details have emerged about Italian media magnate and prime minister (mustn’t forget that) Silvio Berlusconi and his antics in the so-called bunga bunga scandal. Milan prosecutors want to charge him with paying for sex with nightclub dancer Karima ...

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Who’s the most successful (and richest) journalist in the world? Why the Mail’s Padraic Fallon of course

Not that Padraic, the brother of former Independent boss Ivan Fallon, makes his money from newspapers although he’s a director of Lord Rothermere’s Daily Mail and General Trust, owner of the Daily Mail, Mail on Sunday, Metro and much else ...

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KFC owner Yum Brands reveals topsy turvy global eating market

In the West we can’t get enough of Asian peasant food (noodles, sushi even) while in the Far East and, increasingly, other areas of Asia and Africa it’s fried chicken, pizza and burgers that these supposedly healthy eaters want to ...

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Nestle in the legal trenches to defend $3bn Nespresso goldmine

Someone at Nestle once told me that a cup of coffee was the most profitable product in the world (all that water) and the world’s biggest food maker has profited mightily from the end product of the bean recently via ...

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News Corp slims down MySpace for cut-price sale

News Corporation is cutting around 500 jobs at embattled social network site MySpace as part of a slimming down process clearly intended to attract a buyer. It looks highly unlikely that it will recover the $580m it paid to buy ...

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Is the Playboy brand really worth $207m? Hugh Hefner thinks so

And so does FriendFinder Network, owner of Penthouse which actually offered slightly more than Hugh Hefner’s $207m for the listed publisher. But Hefner, who is 84 and founded the magazine in December 1953, owned a blocking stake in the company. ...

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