Tuesday 3 July 2007 9:00pm – 10:00pm on ITV1.

The Tycoons are still reeling from Tom’s departure but it’s back to business as Peter appoints a deputy and the task this week is PR.

Peter is off on a business trip but before his departure he needs to appoint a deputy. Having impressed in his last meeting, Justin is awarded the coveted role. With his feet firming under Peter’s desk sparks soon start to fly with his colleagues.

It’s a PR task for the entrepreneurs and Elizabeth is hoping celebrity endorsement will help her complete this challenge. She meets with ex-Big Brother contestant Grace at Tycoon Towers, but unbeknown to Elizabeth Justin is scheduling a team meeting at the same time. Unperturbed and in front of Elizabeth’s celebrity he insists that she must attend! Read more & comment »

After a second week of disastrous ratings, ITV bosses have decided to move new reality TV show, Tycoon to another time slot.

“Tycoon has been moved into a new slot,” confirmed a spokeswoman. “ITV1 has performed very strongly so far in 2007, with some of our best results for three years, and we have taken a commercial decision to protect that performance. Happily we have been able to return the series to a new slot.”

Tycoon replaces the reality-chat hybrid 24 Hours With…, which will now play out “in the future”, the spokeswoman added. Read more & comment »

Peter summons each of the budding entrepreneurs for a meeting. They are all given a task, individual to each of the different products but all with the same ultimate goal….to take the next tentative steps up the business ladders.

Pulling on their strengths and highlighting their weakness, Peter looks to protect his investment but also pushes the Tycoons into making some money back. To highlight the importance of this task, he offers to match any profit they make. Read more & comment »

Name: Elizabeth Hackford

Dream: A natural fruit and alcoholic drink for women

Peter’s View: “She calls herself Elizabeth ‘make it happen’ Hackford…I hope she’s right”

Name: Lauren Pope

Dream: Clip-in hair extensions made from real hair, rather than acrylic

Peter’s View: “Models aren’t generally known for their business acumen but I think Lauren is going to surprise everyone”

Name: Justin Chieffo

Dream: An environmentally friendly and portable carrier bag dispenser

Peter’s View: “A family man who alternates from having balls of steel to balls of papier-mâché. It could go either way”

Name: Helen James and Cathy Caudwell-Todd

Dream: A range of gardening products specifically designed for women

Peter’s View: “When I met them I told them they’d drive me crazy. I think you can only have one boss of a company but they’re determined to prove me wrong”

Name: Iain Morgan

Dream: Importing new micro radio controlled helicopters from China

Peter’s View: “He’s emerged from a tough upbringing to become a very level headed young man with the gift of the gab”

Name: Tom Thurlow

Dream: A free newspaper for teenagers

Peter’s View: “Incredibly confident for a 17 year old with an entrepreneurial spark and a tendency to exaggerate which might be just what he needs to succeed”

This summer budding entrepreneurs will be fighting it out to win backing of one Britain’s best known business gurus, as Peter Jones puts his money and reputation on the line in Tycoon on ITV1.

Before the age of 40, Peter Jones had built a £200 million business empire made up of businesses ranging from telecoms, leisure and property to publishing and media. In Tycoon he will invest both his money and expertise in businesses he believes have the potential to make big money – and to make it fast.

“I believe Britain is an innovative and entrepreneurial nation at heart, but we don’t do enough in this country to nurture talented people and help them turn their business dreams into reality,” says Peter. Read more & comment »

This summer budding entrepreneurs will be fighting it out to win the backing of one of Britain’s best known business gurus as Peter Jones puts his money and reputation on the line in ‘Tycoon’ on ITV1

Before the age of 40, Peter Jones had built a £200 million business empire made up of businesses ranging from telecoms, leisure and property to publishing and media. In Tycoon he will invest both his money and expertise in businesses he believes have the potential to make big money – and to make it fast.

“I believe Britain is an innovative and entrepreneurial nation at heart but we don’t do enough in this country to nurture talented people and help them turn their business dreams into realityâ€? says Peter. “Tycoon is about finding Britain’s next big business success story. I will be putting my own money and reputation squarely on the line and I don’t care whether you are 17 or 70, so long as you can prove you have the passion to work with me to take your idea from zero to something special as quickly as possible. This is for anyone that has dreamt of running their own business. We’ve heard of the American Dream – this is the British Dream.â€?

From January 6th people who believe they are a potential Tycoon will be able to register their idea and details at www.itv.com/tycoon If successful they will be selected to take part in the show later this year.

“We’re going to be scouring the nation to seek out men and women of all ages and from all walks of life who believe they have an outstanding idea� Peter explains. “But more than that I’m looking for people who have grit, passion and determination to succeed – and a willingness to let me put them and their idea through a gruelling challenge to make money fast and build a business for the future�.

Once the successful entrants have been chosen, Peter will challenge them to follow his ideas and methods in order to turn the initial investment into a huge profit within weeks. “Tycoon puts my beliefs and business principles right in the public spotlight but I’m determined to succeedâ€? he said. “It’s a show about people with passion, drive and energy and for one person at the end there is a magnificent reward for succeeding – the chance to own the business they always wanted and the chance of becoming Britain’s next Tycoon.â€?

Layla Smith, ITV’s Controller of Alternative Programming, said “Tycoon is an incredibly exciting project for ITV and we’re delighted to be working with Peter Jones.

“It will be as much of a challenge for him as it will for the people taking part, so I for one can’t wait to see what happens. One thing for sure is that with Peter’s drive, experience and financial backing this show will change the lives of those involved forever.�