Finance

Can Brand Branson extend into banking now Virgin has bought Northern Rock?

Sir Richard Branson has wanted to get into UK banking for years and now, finally, he’s succeeded by agreeing to buy bailed-out northern-based bank Northern Rock from the UK government for £747m. It’s not clear yet if Rorthern Rock will ...

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Wonga not bunga is media magnate Silvio Berlusconi’s problem now

Shares in embattled Italian prime minister Silvio Berlusconi’s Mediaset media empire (which spans pay and terrestrial TV, newspapers and magazines) were suspended for a period yesterday as investors headed for the exit. The shares have lost 20 per cent of ...

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Publicis Groupe and France Telecom team to launch €300m tech start-up fund

Publicis Groupe and France Telecom are launching a venture capital start-up fund for tech companies aiming to raise €300m. The two companies are putting in the first €150m. The new fund will be managed independently of Publicis Groupe and France ...

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Another blow for McCann as $200m Exxon creative moves to BBDO

After a year-long review Interpublic’s McCann Erickson has lost its foundation account Exxon Mobil, the world’s biggest oil company, to Omnicom’s BBDO although media agency Universal McCann retains its media business. Other losers include Omnicom’s DDB which had handled the ...

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StrawberryFrog agency looks for a buyer

Word reaches me that StrawberryFrog, the maverick international advertising network, has hoisted a discreet ‘For Sale’ sign. Whether it will succeed in its objective is open to doubt, as will be seen below. First a little background. StrawberryFrog – curiously ...

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