UK economy booms in second quarter – is it too good to last?

Almost certainly it is as growth of 1.1 per cent between April and June, the highest since 1999, would indicate an annual growth rate of 4.4 per cent, way ahead of even the most optimistic forecasts and one which would ...

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Desmond wins first round in battle for Five, now the real fight begins

Controversial UK media tycoon Richard Desmond looks to have emerged as the winner in the battle (actually more of a mild skirmish) to buy terrestrial broadcaster Five from Germany’s RTL. Now Desmond, who owns the Daily Express, Daily Star, OK! ...

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More trouble for BBH as North America boss Steve Harty quits

What a difference an account makes. Shortly after Bartle Bogle Hegarty in the US lost the Cadillac account to Fallon the agency’s most senior executive in the US, group chairman Steve Harty, is on his bike. Harty had only been ...

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Omnicom inches ahead and lays down a global challenge to WPP

Giant marketing communications group Omnicom saw its profits inch ahead by 4.2 per cent to $243m in the second quarter of 2010 on revenue of just over $3bn, $1.6bn of which came from the US. Boss John Wren said this ...

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Durex to get the Cillit Bang treatment, iPhone drives record Apple sales

It’s a busy morning in the markets with Cillit Bang and Finish owner Reckitt-Benckiser agreeing to buy Durex maker SSL for £2.54bn and Apple computer announcing another set of barely credible results, with profits up by nearly 80 per cent. ...

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Nationwide finally calls time on England football

The Nationwide Building Society, by far the biggest such entity in the UK, has confirmed that it is not to renew its £20m sponsorship of the England football team. £20m doesn’t sound that much but, given that the Football Association ...

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