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Vodafone has kicked off one of the biggest advertising pitches of the year after the mobile giant announced it is putting its global ad-buying and planning account up for tender.

Advertising Armageddon is averted, but recovery is elusive

The advertising industry narrowly avoided catastrophe during the recession, according to Sir Martin Sorrell, but the fear factor remains. Nick Clark reports

Gay players: the truth football won't face

As the FA is forced to shelve its campaign against homophobia, Ian Herbert asks why stars are too timid to tackle this taboo

Governments may bail out newspapers, says Sorrell

Sir Martin Sorrell, head of the advertising giant WPP, said governments may have to step in and support ailing newspapers if losses bring them to the brink of collapse.

Pick a winner with resilience and quality

On a positive year for the markets, how did our experts do? There were no stunning disasters, although it's worth noting that only two of our experts' tips outperformed the market.

Business Diary: US expats cry foul over 'Wall Street Journal'

Much huffing and puffing amongst US expats about a coup pulled off by Patience Wheatcroft, the new editor-in-chief of the Wall Street Journal in Europe. Once Ms Wheatcroft has finished a revamp of the European edition of the paper, its owner, Dow Jones, plans to stop selling the US edition on this side of the Atlantic. Its small, but loyal, band of readers is not happy.

Sorrell declines to call 'victory' as slump slows

WPP chief executive forecasts a 'LUV'-shaped recovery around the world

WPP predicts profits boost

Advertising and media giant WPP today predicted a "marked improvement" in second-half profits but warned that consumer confidence remained fragile.

The Week Ahead: BP recovering after the 2008 'hurricane'

The oil majors will be in focus this week, with BP kicking off the third-quarter reporting season with its results tomorrow and BG following suit on Wednesday.

Sorrell's view: Investors await Sir Martin's prediction

All eyes will be on what Sir Martin Sorrell of WPP has to say about the world economy when he reports third quarter results this Friday as the advertising giant is such a bellweather of how companies are faring. Analysts reckon that WPP's revenues will be down by 9.4 per cent on the period, albeit slightly better than the second quarter's fall.

Green matter: Sir Philip puts his mind out to auction

Sir Philip Green is getting ready to share that great big brain of his with you. For the Top Shop retail tycoon is offering to give 60 minutes of his "brain time" to the winner of a new online auction for charity.

Market Report: Broker helps Lloyds to pull ahead of peers

Lloyds Banking Group bucked a weak banking sector trend last night, rising even as its peers fell back after Deutsche Bank said it saw share price upside regardless of whether or not the group opts for the Government's asset protection scheme.

Mark Steel: We're all in this together (except when times are good)

The idea of shared responsibility only seems to apply during a recession

Saving Lehman's: A good idea?

We asked economists and business leaders: Would the world economy and financial system be in better shape had Lehman Brothers been saved a year ago? These are their responses

Sorrell bemoans WPP's 47% fall in profit

We got our sums wrong, admits boss of the world's biggest advertising agency

Business Diary: Reuters users may feel the heat

City professionals depend on Reuters to provide them with a financial news service, paying top dollar so they don't miss out on breaking market-sensitive stories – and complaining bitterly about any glitches. Still, it would be churlish to have a go at Reuters for problems this week, which it is warning may follow "solar flares".

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