Finance

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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. ...

Read More »

RBS analyst pours cold water on WPP shares

Royal Bank of Scotland analyst Paul Gooden won’t be the most popular man at WPP’s Farm Street HQ today as his view that WPP shares, flying high after record revenue increases in the second half of 2010, should be downgraded ...

Read More »