WPP Group is set to move its tax base back to the UK following changes to the UK tax regime announced in yesterdays 23 March budget.Sir Martin SorrellThe global marketing services group, which makes about 90% of its profit outside the UK, moved its tax-base to the Republic of Ireland in 2008 because of concerns over the tax on profits earned from overseas businesses.
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Gap year money 'goes further with pre-paid cards'
Year Out Group Last month, Kevin Harrington, managing director at Global Prepaid Exchange, insisted that pre-paid cards were safer than conventional plastic. "The exciting thing from a traveller's point of view is that, if you lose the card you can stop it and you're … |
BBC NEWS Technology Music site Last.fm bought by CBS
So, another mammoth price for an online media business. Last.fm has been bought by CBS Corporation for $280m, making it the largest-ever UK Web 2.0 acquisition…so far.
Last.fm was founded in the UK in 2002 and claims it has more than 15 million active users.
I’ve heard lots of good reports from Last.fm users but I have an account and have never really got engaged with the service. I wonder if in the due diligence I was counted as an active user?
It is always interesting to do this sum:
price paid/active users = price per email address for future marketing
In this case it is:
£140m/15m = £9.33
I seem to recollect a figure of £10 per email address being bandied about when Friends Reunited was purchased by iTV.
Quotes and quotations about business and marketing
I gather a lot of quotes relating to business and marketing on my main website. The link above takes you to the start of these.
“The problem with NFC payments is that they don’t do anything to help generate new leads,” says Laura Chambers, Senior Director of Paypal Mobile. They also don’t do much to encourage repeat business, she says. PayPal services about 9 million merchant accounts, many of which are mom-and-pops who don’t want the expense of credit card terminals from a big company like Verifone. She says those merchants are ambivalent about how a customer pays–as long as they come back with friends and do it again.
The rest of this article is at: Why PayPal Doesn’t Care About NFC | Fast Company.
 World First Travel Insurance |
Call to use pre-paid credit cards
World First Travel Insurance According to research carried out by Global Prepaid Exchange, a number of payment innovations will come to the fore this year, resulting in methods such as cash, cheque and debit card being pushed down the pecking order. And for travellers who have … |
Google Inc. plans to start testing a mobile-payment service at stores in New York and San Francisco within four months, letting shoppers use their phones to ring up purchases, two people familiar with the project said.
The company will pay for installation of thousands of special cash-register systems from VeriFone Systems Inc. (PAY) at merchant locations, said one of the people, who requested anonymity because Google’s plans haven’t been made public. The registers would accept payments from mobile phones equipped with so-called near-field-communication technology.
via Google Said to Plan Payment Test in New York, San Francisco – Bloomberg.
So, who said Google were not a competitor in the payments sector? As I’ve been saying for a while, Facebook, Google and PayPal are all players that could, and probably will, disrupt and transform the payments market. Their ability to work in the prepaid sector is of real interest.