Daily Finance UK http://www.dailyfinance.co.uk Daily Finance UK http://www.blogsmithmedia.com/http://www.dailyfinance.co.uk/media/feedlogo.gif Daily Finance UK http://www.dailyfinance.co.uk en-us Copyright 2010 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/Who profits as news models change?http://www.dailyfinance.co.uk/2010/03/18/who-profits-as-news-models-change/http://www.dailyfinance.co.uk/2010/03/18/who-profits-as-news-models-change/http://www.dailyfinance.co.uk/2010/03/18/who-profits-as-news-models-change/#commentsFiled under: , ,

online newsDo you read the adverts on this site? And would you pay for what you're currently reading? If you're like the readers surveyed in a major new US study of media consumer behaviour the answer to both questions is likely to be 'no'. And this gets to the heart of the current debate about the media's future.

The annual State of the Media study was carried out by the Project for Excellence in Journalism. It found 77% of regular consumers of online news rarely, if ever, click on an online ad. With 53% of adults in America getting their news online, a sustainable online business model looks some way off.

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Who profits as news models change? originally appeared on Daily Finance UK on Thu, 18 Mar 2010 05:57:00 EST. Please see our terms for use of feeds.

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]]>content consumersContentConsumersmedia consumer behaviourmedia financemedia reportsMediaConsumerBehaviourMediaFinanceMediaReportsonline business modelonline journalismonline news consumersOnlineBusinessModelOnlineJournalismOnlineNewsConsumersMartin CloakeThu, 18 Mar 2010 05:57:00 ESTNews that's fit to printhttp://www.dailyfinance.co.uk/2010/03/16/news-that-s-fit-to-print/http://www.dailyfinance.co.uk/2010/03/16/news-that-s-fit-to-print/http://www.dailyfinance.co.uk/2010/03/16/news-that-s-fit-to-print/#commentsFiled under: , ,

Rolled up newspaperIf you had to guess what an innovative start-up business based in London that is securing major clients and has won a prestigious design award does, you probably wouldn't go for 'print newspapers'. But that's exactly what the Really Interesting Group's Newspaper Club does.

The club allows anyone to print their own 12-page newspaper for prices from 30p a copy. It has already been used by Penguin, Last.fm, the BBC and Wired UK.

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News that's fit to print originally appeared on Daily Finance UK on Tue, 16 Mar 2010 10:44:00 EST. Please see our terms for use of feeds.

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]]>mediaprint journalismPrintJournalismsmall businessSmallBusinessMartin CloakeTue, 16 Mar 2010 10:44:00 ESTFootball's money-go-round spins onhttp://www.dailyfinance.co.uk/2010/03/15/football-s-money-go-round-spins-on/http://www.dailyfinance.co.uk/2010/03/15/football-s-money-go-round-spins-on/http://www.dailyfinance.co.uk/2010/03/15/football-s-money-go-round-spins-on/#commentsFiled under: , ,

When Farsley Celtic went out of business just before the weekend they became the third club in the top three tiers of non-League football to go bust this season.

Kings Lynn and Chester City had already suffered the same fate. Meanwhile, talk of multi-billion takeovers swirls around the Premiership clubs.


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Football's money-go-round spins on originally appeared on Daily Finance UK on Mon, 15 Mar 2010 12:15:00 EST. Please see our terms for use of feeds.

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]]>CeltisKings lynnKingsLynnMartin CloakeMon, 15 Mar 2010 12:15:00 ESTThe stark reality of Watford's financeshttp://www.dailyfinance.co.uk/2010/03/15/the-stark-reality-of-watford-s-finances/http://www.dailyfinance.co.uk/2010/03/15/the-stark-reality-of-watford-s-finances/http://www.dailyfinance.co.uk/2010/03/15/the-stark-reality-of-watford-s-finances/#commentsFiled under: , ,

£10 notesDetailed examination of Watford FC's half-yearly report makes interesting reading. Watford were relegated from the Premiership in 2007, and their current financial position gives some insight into the challenges faced by clubs which exist on the fringes of English football's top division.

When a club is relegated from the Premiership, the loss of prize money and TV income combined with the reduction in sponsorship, corporate and match day ticket sales can mean leave a £30m hole in the coffers. But relegated clubs currently get "parachute payments" to ease the pressure.

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The stark reality of Watford's finances originally appeared on Daily Finance UK on Mon, 15 Mar 2010 08:27:00 EST. Please see our terms for use of feeds.

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]]>watford football clubWatfordFootballClubMartin CloakeMon, 15 Mar 2010 08:27:00 ESTMoney, it's a hit for Pink Floydhttp://www.dailyfinance.co.uk/2010/03/15/money-it-s-a-hit-for-pink-floyd/http://www.dailyfinance.co.uk/2010/03/15/money-it-s-a-hit-for-pink-floyd/http://www.dailyfinance.co.uk/2010/03/15/money-it-s-a-hit-for-pink-floyd/#commentsFiled under: ,

Pink Floyd band membersPink Floyd have won a court battle with their record company EMI over digital downloads.

The news could have a significant impact on the music business, but according to one leading commentator "it's not the art vs commerce squabble it's being painted as".

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Money, it's a hit for Pink Floyd originally appeared on Daily Finance UK on Mon, 15 Mar 2010 08:02:00 EST. Please see our terms for use of feeds.

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]]>illegal downloadsIllegalDownloadsInternet piracyInternetPiracyMartin CloakeMon, 15 Mar 2010 08:02:00 ESTPick of the early market newshttp://www.dailyfinance.co.uk/2010/03/15/pick-of-the-early-market-news/http://www.dailyfinance.co.uk/2010/03/15/pick-of-the-early-market-news/http://www.dailyfinance.co.uk/2010/03/15/pick-of-the-early-market-news/#commentsFiled under: ,

Watford FCWatford Leisure, which owns Watford FC, has posted its first set of financial results under the chairmanship of legendary former manager Graham Taylor. The club came close to administration last December after a major shareholder demanded repayment of outstanding loans.

It's controversial Tory Party chairman Lord Ashcroft, the club's majority shareholder, who loaned the club nearly £5m to stave off administration in December. Taylor's appointment at around the same time helped bring credibility to the club's board in the eyes of the fans.

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Pick of the early market news originally appeared on Daily Finance UK on Mon, 15 Mar 2010 03:53:00 EST. Please see our terms for use of feeds.

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]]>Watford FCWatford Leisure financial resultsWatfordFcWatfordLeisureFinancialResultsWatfords lossesWatfordsLossesMartin CloakeMon, 15 Mar 2010 03:53:00 ESTShort-termism is killing local papershttp://www.dailyfinance.co.uk/2010/03/12/short-termism-is-killing-local-papers/http://www.dailyfinance.co.uk/2010/03/12/short-termism-is-killing-local-papers/http://www.dailyfinance.co.uk/2010/03/12/short-termism-is-killing-local-papers/#commentsFiled under: ,

rolled up newspaperIf businesses in a given sector make an average profit of 10% in a year, does this mean they are in crisis? If that sector is UK regional newspapers, the answer would appear to be 'yes'.

Website Paidcontent:UK says £509.7m was knocked off the value of five leading local newspaper groups in 2009.

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Short-termism is killing local papers originally appeared on Daily Finance UK on Fri, 12 Mar 2010 11:40:00 EST. Please see our terms for use of feeds.

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]]>local paperLocalPapernewspapersPaidcontentUKpublisherstrinity mirrorTrinityMirrorMartin CloakeFri, 12 Mar 2010 11:40:00 ESTPompey's missing millions investigatedhttp://www.dailyfinance.co.uk/2010/03/12/pompey-s-missing-millions-investigated/http://www.dailyfinance.co.uk/2010/03/12/pompey-s-missing-millions-investigated/http://www.dailyfinance.co.uk/2010/03/12/pompey-s-missing-millions-investigated/#commentsFiled under: ,

Portsmouth FC logoAdministrators at stricken Premiership football club Portsmouth are investigating "unexplained payments" of £1.5m. The news comes just hours after HMRC dropped its objection to the club going into administration. Another £4m payment to current owner Balram Chainrai has also raised questions.

It seems that at the very time the club was battling for its financial life, significant amounts of money were flowing out of the club. There's no suggestion that anything has been done wrong, but The Daily Telegraph quotes a source as saying, "A number of transactions have been highlighted as unexplained in the process of the club's accounts being reconciled."

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Pompey's missing millions investigated originally appeared on Daily Finance UK on Fri, 12 Mar 2010 06:00:00 EST. Please see our terms for use of feeds.

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]]>Dont Missdontmisspompeyportsmout fcPortsmoutFcMartin CloakeFri, 12 Mar 2010 06:00:00 ESTReal Madrid feel pain in Spainhttp://www.dailyfinance.co.uk/2010/03/11/real-madrid-feel-pain-in-spain/http://www.dailyfinance.co.uk/2010/03/11/real-madrid-feel-pain-in-spain/http://www.dailyfinance.co.uk/2010/03/11/real-madrid-feel-pain-in-spain/#commentsFiled under: ,

Real Madrid goal keeper Iker CasillasIn all the tales of football's financial turmoil, the criticism that clubs are trying to 'buy success' is often aired. Spanish giants Real Madrid (goal keeper Iker Casillas pictured) provide proof success is not easily purchased. Last night they failed to reach the Champions League quarter finals for the sixth year in a row, when Lyon knocked them out.

Despite splashing hundreds of millions of Euros over the last decade, Real have only won Europe's top competition once, and the Spanish League four times.

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Real Madrid feel pain in Spain originally appeared on Daily Finance UK on Thu, 11 Mar 2010 11:04:00 EST. Please see our terms for use of feeds.

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]]>real madridRealMadridMartin CloakeThu, 11 Mar 2010 11:04:00 ESTChester City dies in order to be rebornhttp://www.dailyfinance.co.uk/2010/03/11/chester-city-dies-in-order-to-be-reborn/http://www.dailyfinance.co.uk/2010/03/11/chester-city-dies-in-order-to-be-reborn/http://www.dailyfinance.co.uk/2010/03/11/chester-city-dies-in-order-to-be-reborn/#commentsFiled under: ,

Chester City FCIf you're settling down to watch the Champions League tonight, spare a thought for Chester City FC. The 126-year-old club was wound up today over a debt far less than the weekly wage of most of the players in Europe's top tournament - the club owed £26,125 to the Inland Revenue.

What's more extraordinary is that the club's own fans had been actively pushing for its death, something brought closer when the Football Conference, the league in which Chester City played, expelled it last week. The league described its decision as "unparalled in the history of our national sport".

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Chester City dies in order to be reborn originally appeared on Daily Finance UK on Thu, 11 Mar 2010 02:37:00 EST. Please see our terms for use of feeds.

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]]>126-year-old club was wound up126-year-oldClubWasWoundUpChampions LeagueChampionsLeagueChester City diesChester City FCChesterCityDiesChesterCityFcplayers struck over unpaid wagesPlayersStruckOverUnpaidWagesMartin CloakeThu, 11 Mar 2010 02:37:00 ESTRed hot war of words over United bidhttp://www.dailyfinance.co.uk/2010/03/08/red-hot-war-of-words-over-united-bid/http://www.dailyfinance.co.uk/2010/03/08/red-hot-war-of-words-over-united-bid/http://www.dailyfinance.co.uk/2010/03/08/red-hot-war-of-words-over-united-bid/#commentsFiled under: ,

Manchester UnitedThe rumoured supporter takeover of Manchester United stepped up a gear over the weekend with signs of a new publicity front being opened.

'Sources' close to the Red Knights group of wealthy fans claimed team manager Alex Ferguson was not only backing the bid, but prepared to invest his own cash.

Continue reading Red hot war of words over United bid

Red hot war of words over United bid originally appeared on Daily Finance UK on Mon, 08 Mar 2010 03:40:00 EST. Please see our terms for use of feeds.

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]]>manchester unitedManchesterUnitedONeillRed hot war of wordsRedHotWarOfWordsMartin CloakeMon, 08 Mar 2010 03:40:00 ESTPick of the early market newshttp://www.dailyfinance.co.uk/2010/03/05/pick-of-the-early-market-news/http://www.dailyfinance.co.uk/2010/03/05/pick-of-the-early-market-news/http://www.dailyfinance.co.uk/2010/03/05/pick-of-the-early-market-news/#commentsFiled under:

fruitsBananas, pineapples and melons are down but profits are up at Fyffes, the tropical fresh produce importers. Results posted for 2009 show a decrease in the volume of the salad of produce mentioned above, but the company still made a healthy €21.2m pre-tax profit, up 33.3% on 2008.

Commenting on the results, Fyffes chairman David McCann said the results were the "best since the change in European banana import regulations in 2005. The Group achieved the necessary increases in selling prices to offset the negative impact of higher costs and adverse exchange movements."

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Pick of the early market news originally appeared on Daily Finance UK on Fri, 05 Mar 2010 03:05:00 EST. Please see our terms for use of feeds.

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]]>Landscaping firm Marshalls profits fallLandscapingFirmMarshallsProfitsFallmarket newsMarketNewsprofits are up at FyffesProfitsAreUpAtFyffestropical fresh produce importersTropicalFreshProduceImportersMartin CloakeFri, 05 Mar 2010 03:05:00 ESTUnanswered questions in Mirror resultshttp://www.dailyfinance.co.uk/2010/03/04/unanswered-questions-in-mirror-results/http://www.dailyfinance.co.uk/2010/03/04/unanswered-questions-in-mirror-results/http://www.dailyfinance.co.uk/2010/03/04/unanswered-questions-in-mirror-results/#commentsFiled under: ,

Trinity Mirror may have stemmed falling profits, but the way it did so and its future strategy raises fundamental questions.

Chief Executive Sly Bailey (pictured) says the results show TM is "continuing to develop the business for longer term growth", but commentators have used words such as "ominous" and "fragile".

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Unanswered questions in Mirror results originally appeared on Daily Finance UK on Thu, 04 Mar 2010 12:44:00 EST. Please see our terms for use of feeds.

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]]>sly baileySlyBaileyTrinity MirrorTrinity Mirror resultsTrinityMirrorTrinityMirrorResultsMartin CloakeThu, 04 Mar 2010 12:44:00 ESTNUJ questions Trinity Mirror spinhttp://www.dailyfinance.co.uk/2010/03/04/nuj-questions-trinity-mirror-spin/http://www.dailyfinance.co.uk/2010/03/04/nuj-questions-trinity-mirror-spin/http://www.dailyfinance.co.uk/2010/03/04/nuj-questions-trinity-mirror-spin/#commentsFiled under: , , ,

Like any company, Trinity Mirror attempted to put a positive spin on its financial results, which were announced this morning and reported on this site.

But the National Union of Journalists has questioned the picture painted by the statement, and says worries about the future remain.

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NUJ questions Trinity Mirror spin originally appeared on Daily Finance UK on Thu, 04 Mar 2010 09:33:00 EST. Please see our terms for use of feeds.

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]]>Martin CloakeThu, 04 Mar 2010 09:33:00 ESTMirror results dominate early marketshttp://www.dailyfinance.co.uk/2010/03/04/mirror-results-dominate-early-markets/http://www.dailyfinance.co.uk/2010/03/04/mirror-results-dominate-early-markets/http://www.dailyfinance.co.uk/2010/03/04/mirror-results-dominate-early-markets/#commentsFiled under: , ,

stock marketsTrinity Mirror, which publishes the Mirror, People and Record newspapers, made pre-tax profits of £72.7m in the 53 weeks to 3 January 2010. The group, which also publishes regional newspapers, saw circulation fall and advertising revenue decline, but reports an increase in online users.

The performance comes on the back of a year in which Trinity Mirror axed 1,700 jobs, 20% of the total, closed 15 offices and one print plant, and shut or sold 30 regional newspapers. New online brands such as mirrorfootball.co.uk and 3am.co.uk took the group's number of monthly unique users to 17 million.

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Mirror results dominate early markets originally appeared on Daily Finance UK on Thu, 04 Mar 2010 03:19:00 EST. Please see our terms for use of feeds.

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]]>average joint circulationAverageJointCirculationincrease in online usersIncreaseInOnlineUsersmirror pre-tax profitsMirrorPre-taxProfitsTrinity Mirror resultsTrinityMirrorResultsMartin CloakeThu, 04 Mar 2010 03:19:00 ESTPick of the early market newshttp://www.dailyfinance.co.uk/2010/03/03/pick-of-the-early-market-news/http://www.dailyfinance.co.uk/2010/03/03/pick-of-the-early-market-news/http://www.dailyfinance.co.uk/2010/03/03/pick-of-the-early-market-news/#commentsFiled under: , ,

Stacey Solomon x-factorVoting for your favourite act in The X Factor has made a major impact on ITV's profits. Revenue from phone voting and competition entries made £30m of the company's adjusted profits of £108m for 2009. There were almost 100 million 'viewer interactions', with 10 million votes cast in the X- Factor final.

But profits are down 4% on 2008, with advertising revenues falling 11% to £998m in what ITV says is "the worst television advertising downturn on record." The TV company's share of peak time viewing across all channels grew to 28.2% (up on 2008's 27.8%) and online users rose substantially.

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Pick of the early market news originally appeared on Daily Finance UK on Wed, 03 Mar 2010 03:11:00 EST. Please see our terms for use of feeds.

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]]>banking crisisBankingCrisisefficiency savingsEfficiencySavingsITVs profitsItvsProfitsMedia transformedMediaTransformedrevenue for competition entriesRevenue from phone votingRevenueForCompetitionEntriesRevenueFromPhoneVotingtelevision advertising downturnTelevisionAdvertisingDownturnVoting for The X FactorVotingForTheXFactorMartin CloakeWed, 03 Mar 2010 03:11:00 ESTReal Madrid top football's rich listhttp://www.dailyfinance.co.uk/2010/03/02/real-madrid-top-football-s-rich-list/http://www.dailyfinance.co.uk/2010/03/02/real-madrid-top-football-s-rich-list/http://www.dailyfinance.co.uk/2010/03/02/real-madrid-top-football-s-rich-list/#commentsFiled under: , ,

Real Madrid team membersAs Real Madrid (team members pictured) are named as the first sports team to post annual revenues of €400m (£357m) and Roman Abramovitch's Chelsea are overtaken by London rivals Arsenal in the annual Deloitte Football Money League, grass roots organisation by football fans alarmed at the influence of big finance continues.

Hundreds of fans attended a Beyond the Debt rally organised by FC United of Manchester at Bury FC's Gigg Lane ground on Saturday, with speakers from Supporters Direct, the Football Supporters Federation and fan workers from Germany all stressing the need to act on the ownership issues facing football.

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Real Madrid top football's rich list originally appeared on Daily Finance UK on Tue, 02 Mar 2010 09:39:00 EST. Please see our terms for use of feeds.

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]]>real madridRealMadridMartin CloakeTue, 02 Mar 2010 09:39:00 ESTCadbury set fur thanks to gorillahttp://www.dailyfinance.co.uk/2010/03/02/cadbury-set-fur-thanks-to-gorilla/http://www.dailyfinance.co.uk/2010/03/02/cadbury-set-fur-thanks-to-gorilla/http://www.dailyfinance.co.uk/2010/03/02/cadbury-set-fur-thanks-to-gorilla/#commentsFiled under: , , ,

Cadbury Dairy MilkIt's fair bet the TV advert you remember the most from last year featured a gorilla playing a drum kit to the strains of the Phil Collins hit In The Air Tonight. The latest issue of ad industry creatives magazine Shots gives a fascinating insight into how the ad came to be, and its affect on Cadbury's sales.

During the ad's on-air period, sales of Cadbury's Dairy Milk boomed by 9%, with sales figures helping to drive the return on investment to four times the normal level of the fast moving consumer goods market. Over the whole of 2009, Dairy Milk sales grew 11%, helping Cadbury post a 30% rise in profits.

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Cadbury set fur thanks to gorilla originally appeared on Daily Finance UK on Tue, 02 Mar 2010 04:00:00 EST. Please see our terms for use of feeds.

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]]>cadbury advertCadburyAdvertCadburys Dairy Milk sales boomedCadburysDairyMilkSalesBoomedDairy Milk loved againDairyMilkLovedAgainGorilla adGorillaAdIFOCUSIn FocusinfocusPhil Collins gorilla adPhilCollinsGorillaAdMartin CloakeTue, 02 Mar 2010 04:00:00 ESTPick of the early market newshttp://www.dailyfinance.co.uk/2010/03/02/pick-of-the-early-market-news/http://www.dailyfinance.co.uk/2010/03/02/pick-of-the-early-market-news/http://www.dailyfinance.co.uk/2010/03/02/pick-of-the-early-market-news/#commentsFiled under: , , , ,

Manchester UnitedRecord profits for car insurer Admiral and feverish speculation about a new takeover bid for Carling Cup winners Manchester United dominates the early market round-up. Admiral's chief executive refers to "a great year", while success on the pitch for United is doing little to quell the turmoil off it.

Admiral posted a record £215.8 million profit before tax for 2009, a total that is 7% up on 2008, while turnover rose 18% to £1,077.4 million. Admiral says car insurance customer numbers rose 19% to 2.08 million. The results are good news for the company's 3,500 staff, who are in line for a £9m payout.

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Pick of the early market news originally appeared on Daily Finance UK on Tue, 02 Mar 2010 03:00:00 EST. Please see our terms for use of feeds.

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]]>car insurer Admiral newsCarInsurerAdmiralNewsearly morining newsEarlyMoriningNewsmarket newsMarketNewstakeover bid for Manchester UnitedTakeoverBidForManchesterUnitedMartin CloakeTue, 02 Mar 2010 03:00:00 ESTPick of the early market newshttp://www.dailyfinance.co.uk/2010/03/01/pick-of-the-early-market-news/http://www.dailyfinance.co.uk/2010/03/01/pick-of-the-early-market-news/http://www.dailyfinance.co.uk/2010/03/01/pick-of-the-early-market-news/#commentsFiled under: , , ,

FT websitePublisher Pearson, which owns the FT and Penguin among other brands, saw sales rise 4% to £5.6bn last year, with adjusted operating profit also up 4% to £858m. The figures form part of the company's preliminary results statement. Digital products generated £1.7bn of sales, 31% of the total.

Chief executive Marjorie Scandino says, "We increased sales and profits while investing heavily in the future," pointing to an investment last year of £500m on new education programmes, FT journalism and author's advances. Savings such as a redundancy programme at Penguin have also been implemented.

Continue reading Pick of the early market news

Pick of the early market news originally appeared on Daily Finance UK on Mon, 01 Mar 2010 03:45:00 EST. Please see our terms for use of feeds.

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]]>stock marketStockMarketMartin CloakeMon, 01 Mar 2010 03:45:00 EST