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Nokia forced to cut price of ‘flagship’ new smartphone by 50% after disastrous sales – as phone giant cuts jobs and shares plunge.

Guardian prepares for more job cuts as losses mount in 2012.

Around 250 experts in advertising and trading will begin patrolling areas outside Olympic venues, to clamp down on ambush marketing and unlicensed traders.

Barclays confirms bumper Premier League sponsorship renewal.

Starcom MediaVest has promoted Oliver Newton to the newly created role of head of strategic partnerships.

NATIONAL BANK OF KUWAIT
The bank has hired Josef Ackermann on its international advisory board. Ackermann was chairman and chief executive of Deutsche Bank.

BROOKS MACDONALD ASSET MANAGEMENT
The company appointed three investment management directors to its London and Manchester teams. Richard Wayne and Mark Godwin join the London team, while Ben Roberts joins the team in Manchester.
Wayne was one of the founding partners of Vestra Wealth LLP while Godwin was responsible for private client portfolios at City Asset Management. Godwin was private client manager at Brown Shipley Private Bank.

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