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Advertising is like a faulty shower, ITV chairman Archie Norman once said, and the Downton Abbey broadcaster today showed again that is the case.

Royal Mail profit up to £404m

The Royal Mail increased its operating profit by £83 million in the last financial year to £404 million, a rise of 26%, despite facing a series of strikes by postal workers, the company announced today.

Regulator 'out of touch' over advertising ruling, says ITV

ITV has rounded on the Competition Commission after losing the battle to remove its advertising "straitjacket," saying the regulator was "out of touch" and had failed to understand the media landscape.

ITV boss dreams of World Cup success

ITV is facing "highly uncertain" markets in the second half of 2010 despite revenues increasing in the first three months of the year, the group's new chief executive admitted yesterday.

Business Diary: 01/05/2010

Warren Buffett gets his own cartoon show

He has already made a cameo appearance in The Simpsons, but now the world's best-known investor, Warren Buffett, is to get a cartoon series all of his own.

ITV lures away Channel 4 director

Channel 4's director of television is leaving the broadcaster to take up a post with ITV.

Cresswell tipped for GMG role

John Cresswell, ITV's former interim chief executive, has been touted for the top job at newspaper company Guardian Media Group (GMG).

Has ITV got the talent at last?

Things are looking up for the broadcaster with new chief Adam Crozier taking over as the advertising market rallies. Nick Clark reports

The City Diary: Still squabbling But James Caan't make up his mind

Slackbelly exposes The Good, The Bad and The Ugly of The Square Mile

Business Dairy: Consumer watchdog Lewis gets bitten

Martin Lewis is the scourge of the financial services industry, so often has his Moneysavingexpert.com website exposed its sins. But now regulators are targeting him. Lewis does a spot on GMTV, on which he often plugs his website. One viewer complained to Ofcom after being redirected to Moneysavingexpert.com. The watchdog has now ruled that the GMTV arrangement broke its rules.

FA board meet over Watmore resignation

Football Association board members are to hold an emergency meeting at noon today after being thrown into turmoil by the resignation of Ian Watmore as chief executive.

Watmore resignation stuns FA

Chief executive's decision highlights divisions between FA and the Premier League

Adam Crozier given £200,000 windfall for joining ITV

Broadcaster ITV today said it would pay incoming boss Adam Crozier a £200,000 windfall just for joining the company next month.

Postal workers win 6.9 per cent rise in Royal Mail deal

A deal aimed at ending the long-running postal workers dispute has been agreed , including a 6.9 per cent pay rise over three years. The working week will be cut and postal workers will have greater job security, while agreeing to deliver a "transformation" of the business.

ITV returns to profit thanks to cost-cutting and more ads

Strategic review begins with new chief executive set to join next month
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