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Monthly Archives: April 2012

Breaking News

Samsung has overtaken Nokia to become the world's largest handset seller, ending the Finnish giant's 14-year domination of the market, according to research from Strategy Analytics. Loaded rescued by Katwoman 'porn star'. Loaded, the original lad's mag, is believed to have been snapped up from administrators by multi-millionaire businessman Paul Baxendale-Walker for an undisclosed sum. UTV is kicking off plans to market Sport magazine globally, following the lead of sister radio station TalkSport. Joanna Shields, vice-president and managing director of Facebook EMEA, and Daniel Ek, founder and chief executive of Spotify, are among the so-called 'social media millionaires' to feature in yesterday's The Sunday Times Rich List 2012. JWT London has appointed the creative team Bill Hartley and Giles Hepworth. Lida has appointed Nathan Gainford as managing partner to oversee the agency's new client, O2. Chris Burggraeve, Anheuser-Busch InBev's global chief marketing officer, has left the brewer and has been replaced by Asia-Pacific zone president Miguel Patricio. The Outdoor Media Centre has announced the creation…

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Financial Focus

UK PRIME MINISTER David Cameron has said his government will “redouble all our efforts” to turn around the UK economy in the face of a fresh recession and “a very long and painful process” to fix the Eurozone. Cameron said last week’s confirmation of a double dip recession in Britain was “very disappointing”. THOUSANDS of people protested across Spain yesterday against government cuts aimed at tackling a debt crisis that has pushed the country into recession and sent unemployment close to 25%. Protesters closed central parts of the capital Madrid to protest against cuts to education and health services the government says must be made to help slash the public deficit. THE HEAD of Greece’s biggest bank has made a spirited appeal for fresh equity from private shareholders as the most stressed nation of the Eurozone prepares for a potentially disruptive general election next weekend and the imposition of tough new capital requirements by regulators. GERMAN ENGINEERS have launched warning strikes in pursuit of a…

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Breaking News

WPP has reported a 4% uplift in underlying revenues to £2.4bn in the first quarter, but the UK has been hit by slower growth from its direct and digital marketing operations, the company's financial figures reveal today. MEC has appointed Michael Dick, the communications planning director at Coca-Cola North West Europe, as its head of strategy for global solutions in London. Isobel, the independent advertising agency, has appointed Chris Ridd to the newly created role of planning director. JP MORGAN The bank's Russia head Jeff Costello is to retire, and deputy CEO and head of investment banking, Yan Tavrovsky, will replace him, the bank said on Thursday. CITIGROUP GLOBAL MARKETS JAPAN INC The bank has appointed Luke Randell as the director and head of global markets, effective May 21. CME GROUP INC CME Group Inc Chief Executive Craig Donohue, who has led the exchange operator since 2004, will leave the company, probably before its annual meeting next month, he said on Thursday. MSCI INC The…

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Breaking News

Lego has appointed presenter and adventurer Ben Fogle as the first celebrity face of its toy ranges in the UK. Marks & Spencer is launching a fashion initiative in partnership with Oxfam, fronted by Joanna Lumley, which is designed to encourage customers to recycle unwanted clothing. Grand Parade, the agency led by former FHM and Rolling Stone editor Ed Needham, has created a new football betting magazine, Citibet, which will launch this Friday. YouView, the delayed IPTV service, has hired Kelkoo marketing chief Steve Conway as interim head of marketing in preparation for the service's expected launch in the autumn. Rt Hon Friend the Secretary of State for Culture, Olympics, Media and Sport. With permission Mr Speaker, I would like to make a statement following yesterday's developments in the Leveson Inquiry. HSBC North America Holdings The company named Jack McGinnis as its chief financial officer. McGinnis is currently CFO of HSBC Bank USA. BANK OF AMERICA MERRILL LYNCH The staff poaching and counter-poaching between UBS…

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Changing careers in midlife

Switching careers is hard enough, but how do you go about it when you are mid-career? Talk to people who have done it and you will hear stories of rejection, false starts, false promises, anxiety, and even going backwards financially. But of course, there’s a good reason why people do it. A job that looked lattractive for life when you were 22 may no longer be especially fulfilling when you are in your 30s or 40s. And the reality is, most of us will have worked for several organisations and will have negotiated at least one major career shift in our lives. The question is; what is the best way of doing it? Pro Bono Australia offers some sensible advice. Be real about your job. Is it the job you don’t like, or is it the environment? What exactly do you want to do? Have you spoken to people in that industry? Have you tried getting experience there like, for example, enrolling in a course…

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Breaking News

The owners of The Telegraph Group, Sir David and Sir Fredrick Barclay, are Britain's richest newspaper proprietors, while Sir Martin Sorrell is the wealthiest ad man, according to The Sunday Times Rich List 2012. Lads' mag Loaded is up for sale for the second time in two years after its owner, Vitality Publishing, fell into administration last week. Communications agency Isobar has appointed Gavin Rooke and Marc Huijbregts to its London leadership team. MEC has appointed Jonathan Edwards to the newly created role of data and technology services director. Grand Parade, the agency led by former FHM and Rolling Stone editor Ed Needham, has created a new football betting magazine, Citibet, which will launch this Friday. JPMORGAN CHASE JPMorgan Chase named Jeff Urwin as its new chief executive Asia Pacific, taking over from Gaby Abdelnour who announced in March that he will be leaving the firm. Urwin, who will move from New York to Hong Kong, will keep his current role as the firm's head…

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Because you’re worth it

A million dollars a day? That's $700 a minute. Who are these gods of the universe and why do they earn so much more than the average human being? Just your top CEO. I once worked with such a person and he (invariably it is a he) was petulant and lazy. What a delagator though. Timothy Cook is the new CEO of Apple and last year was paid $900,000, but also given the sweetener of Apple stock, originally worth $376 million, but currently around $634 million. 2011 data on CEO remuneration tells us what we already knew; they do much better than the rest of us, whether they are performing well or not. A recent study from Georgetown University estimated the typical American graduate will earn $2.3 million, not in a year, but in a lifetime. Despite the economic downturn, which we are all meant to be in together, the pay of the US top 100 corporations at least held steady in 2011, according to…

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Breaking News

Blundering Aviva accidentally 'sack' 1,300 staff after forwarding goodbye email to everyone. Facebook's first quarter revenues rose by 41% year on year to $1.06bn (£656m) and active monthly user numbers rose significantly to more than 900 million. Google has appointed Cristian Cussen, former Myspace director content and marketing, as its head of marketing for its social networking service, Google+ in Europe, Africa and the Middle East. MEC has appointed Jonathan Edwards to the newly created role of data and technology services director. Mars Chocolate UK has hired former Innocent chief Thomas Delabriere as marketing director for its Bitesize portfolio. Muller Dairy has appointed Michael Inpong as its marketing director to lead the brand's £30m marketing programme across its yoghurt portfolio, effective 30 April. CITIGROUP INC Citigroup has appointed Nadeem Lodhi as chief executive officer for its Pakistan business and the U.S. banking giant plans to focus more on corporate banking in the country, two sources aware of the matter said on Sunday. KBW INC The…

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Financial Focus highlights

· S&P downgrade Spain’s credit rating · Ireland plans a summer return to bond markets · BoJ adds $61bn to asset purchase scheme · Asian shares pick up for third consecutive session · FTSE All-World and S&P500 close higher, although optimism is pared by poorly received company reports · Euro weakens in late trading on S&P Spain downgrade · PetroChina unexpectedly rises on higher oil output · Banks rush to lend to Glencore as it secures $12.8bn of funding

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Breaking News

Ofcom to investigate Sky News over 'canoe man' email hacking. Sony Europe's sales and marketing teams are entering consultation from today as the company prepares to cut 1,000 jobs as part of plans to lose 15% of its workforce in the region. HomeServe, the home insurance and repairs company, has been fined £750,000 by Ofcom for making excessive silent and abandoned calls to UK consumers. Matt Bandy, a former digital strategist at Mindshare, has launched a social-business networking site called Getlunched, aimed squarely at the media and marketing communities. Outdoor media company BlowUp Media has appointed Aimee McKay to the newly created role of sales director. Amscreen, the digital media owner, has appointed Jamie Lindsay as its managing director. WPP's GroupM has appointed veteran international media agency executive Mike Tunicliffe to the newly created role of chief growth officer. Mail Newspapers' client sales manager Lindsey Spagnol is leaving to join travel firm TUI, while the paper has promoted executive Nick Stevens to the role of…

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