Southampton-based digital agency Five by Five has opened a London office and undergone a major restructure of its business

Bauer-owned women's glossy Grazia has replaced its Graziamagazine.co.uk site with a daily news-focused site

Former Opera Interactive Technology Group executives have completed a management buyout and formed mobile agency Oxygen8

Digital Marketing Group has announced that trading for the first five months of the current financial year is consistent with full year forecasts

Controversial behavioural targeting company Phorm has delayed the beginning of its trial on the BT Broadband network

PC Southbank title Marie Claire is to launch a fashion trends channel with online retailer My-wardrobe.com

O2 has poached Unanimis head of mobile James Macdonald to be its head of sales

Orange has shortlisted Vizeum, i-level and Mediaedge:CIA to handle its media planning/buying

Digital agency Play has sold a 30% stake in its business to M&C Saatchi

Yahoo!'s share price dropped to its lowest price in a year

Google has amended the user agreement of Chrome, its new web browser, after the initial terms suggested Google could claim rights to submitted information

Digital download store and pioneer Wippit has been forced to shut down its service

Sport.co.uk is to introduce SMS alerts to allow fans to stay up-to-date with the latest news

Infectious, the newly-formed digital media agency, has won its first major client with an appointment to handle the seven-figure media account for new virtual world Football Superstars

LinkedIn, the social network for professionals, has entered into a strategic alliance with CNBC

Vodafone is preparing to extend its multi-million-pound mobile portal online to position itself as a leading destination site.

ITV is to ramp up investment in made-for-broadband content after the early success of an online series for its football site.

Women's portal iVillage has developed a reporting and analysis tool to encourage brands to advertise across the site, as it identifies a lack of effective online measurement.

Playboy, one of the world's highest-profile brands, is to adopt an ad-funded model online as it moves towards becoming a key lifestyle brand on the web.

Metro, the free morning London newspaper, is to launch an online shop this month as it looks to significantly increase online revenues.

Microsoft's InPrivate anti-tracking technology presents no threat to the fledgling UK behavioural targeting industry, according to its leading players.

The music industry has reacted with cautious optimism to news of BBC Worldwide's plans to make its vast archive of music available on an ad-funded basis.

Kids' TV channel Boomerang has tied up with teen social network Piczo for an interactive campaign around TV show The Latest Buzz.

Bebo has updated its mobile alerts for interactive web drama Sofia's Diary after NMA revealed it was breaking best-practice guidelines.

The music industry has reacted with cautious optimism to news of BBC Worldwide's plans to make its vast archive of music available on an ad-funded basis.