Guardian Media Group and Apax receives a boost as their Auto Trader car-classifieds business swings into the black with a pre-tax profit of £86.3 million against a loss of £498.3 million a year earlier... more
The announcement by Guardian Media Group that it is to adopt a digital-first strategy has engendered a mixture of concern, incredulity, hostility and cynicism while fostering a widespread belief that the game is up for the Guardian and its Sunday stablemate, the Observer... more
There are fears of major job losses at The Guardian amid speculation that it could axe its daily specialist print supplements covering subjects such as media and education... more
With no decision on News Corp's BSkyB takeover expected from Culture Secretary Jeremy Hunt until next week or later, speculation continues about what happens if regulators say the deal-breaker - hiving off Sky News as a separate company on the stock market - won't work... more
Guardian Media Group continues to shrink its empire under new chief executive Andrew Miller, who is making redundant the position of Tim Brooks, the managing director in charge of The Guardian and The Observer... more
Guardian Media Group — owner of The Guardian and Smooth Radio — promoted chief financial officer Andrew Miller to replace Carolyn McCall as chief executive... more
In The Air: The betting in the City is News Corp’s efforts to buy BSkyB outright will succeed but will take nine to 12 months for regulators to clear the deal... more
Compare and contrast: Willie Walsh, chief of British Airways, soon to be a direct rival of Carolyn McCall’s, waived his £334,000 bonus. McCall, boss of the Left-leaning Guardian, didn't... more
Accountant KPMG says there are "a number of material uncertainties which may cast doubt on the ability of Ballymore Properties Holdings to continue as a going concern"... more
In The Air: Reports from media buyers suggest the TV advertising market has taken off in recent weeks, with April looking to be up as much as 15% on last year... more
Hector Sants no sooner quits the Financial Services Authority, as he always said he would after three years, than the Tories are rushing to cover him with praise... more
In The Air: Surprise at how little Guardian Media Group is getting from Trinity Mirror — just £7.4 million — for the sale of 32 regional newspapers, including its flagship Manchester Evening News... more
Raised eyebrows in the Treasury at the interview with Baroness Scotland, the attorney-general, in the Financial Times. She is keen to get across just how determined she is to crack down on financial crime ... ... more
Lord Myners’ proposal to force banks to reveal the pay of their executives outside the board is an interesting one. And deeply flawed. While we’re in “kick a banker” season at the moment we could just as easily move on to other industries ... more
The Scott Trust, the non-charitable body that owns Guardian Media Group and its flagship daily newspaper, is being wound up in a corporate shake-up. ... more
Estate agent Foxtons has not been enjoying much success since founder Jon Hunt sold out at the top of the market a year ago, so is this a cunning tactic or a sign of desperation?... more
Afternoon:
8°c
