Monday broker round-up
23rd Jul 2018 12:53
(Sharecast News) - Hargreaves Lansdown: Jefferies downgrades to underperform with a target price of 1,650p.
Read moreWPP invests in US technology company SubVRsive
3rd Feb 2017 11:56
(ShareCast News) - Media agency WPP has invested in US technology company SubVRsive, which works with advertisers who want to engage consumers in the emerging virtual reality and augmented reality sector. SubVRsive's clients include the American Heart Association, Lionsgate Entertainment, Procter
Read moreCredit Suisse warns cyclicals may have gone too far, overweights financials
2nd Feb 2017 13:01
(ShareCast News) - Strategists at Credit Suisse stuck to their 'overweight' stance on Financials but cautioned clients that the current equity rally was over-extended, hence their decision to lift their allocation to 'defensive' shares to benchmark at the expense of cyclicals. Typically, a rally wou
Read moreWPP's GTB acquires Zubi Advertising Services
2nd Feb 2017 12:28
(ShareCast News) - WPP's wholly-owned full-service agency GTB has acquired Zubi Advertising Services, which focuses on the Hispanic market in the US, for an undisclosed sum. As of the end of December, Zubi's unaudited net revenues were $18.9m and its clients include Ford, JP Morgan Chase Bank, N.A.
Read moreWPP's Kantar buys Ireland's Newsaccess
1st Feb 2017 15:17
(ShareCast News) - Kantar Media, the data investment management arm of WPP, has acquired Irish multi-channel media monitoring provider Newsaccess. Founded in 2005, Newsaccess employs around 20 people and has its headquarters in Dublin. Its revenues for the year ended 31 December 2015 were around €2
Read moreWPP acquires controlling stake in Mediacom India
24th Jan 2017 12:27
(ShareCast News) - WPP has acquired a controlling stake in MediaCom India, having hitherto only carried a minority stake. MediaCom India, which employs around 170 people in four offices across the country, is a buying and planning agency focused across traditional and digital channels. The agency g
Read moreExane picks WPP and cuts DMGT as media set to outperform in 2017
16th Jan 2017 12:10
(ShareCast News) - After a weak 2016, Exane BNP Paribas predicted the media sector will outperform the wider market in 2017, though downgraded Daily Mail & General Trust due to "significant operational uncertainty". Exane said it expected media will outperform as the sector's relative p/e premium ha
Read moreWPP takes full ownership of two Chinese JVs
16th Jan 2017 09:18
(ShareCast News) - Media agency WPP has agreed to buy full ownership of two existing Chinese joint ventures from Shanghai Advertising Limited. The acquisition will see WPP's operating company Ogilvy & Mather Marketing Communications take up the remaining 25% and 15% stakes in Shanghai Ogilvy & Mathe
Read moreWPP adds Brazilian digital marketing muscle
3rd Jan 2017 13:16
(ShareCast News) - Advertising giant WPP has acquired a majority stake in Brazilian digital marketing specialist Pmweb Comunicação. Pmweb, which will operate under WPP's wholly-owned operating subsidiary Wunderman, monitors digital campaigns across multiple screens and devices on behalf of its clien
Read moreWPP increases foothold in Africa
9th Dec 2016 09:24
(ShareCast News) - WPP said its operating company Burson-Marsteller has acquired a stake in its Kenyan affiliate, Engage Burson-Marsteller. Headquartered in Nairobi, Engage Burson-Marsteller has grown rapidly since Burson-Marsteller helped to establish it in 2013, to employing around 20 people an
Read moreSector movers: Miners, Media gain
8th Dec 2016 19:24
(ShareCast News) - Shares in steel-makers and most miners were on the front foot following stronger-than-expected export and import figures out of China, while higher prices for steel overnight, in China, pushed stock in Evraz higher. China's exports edged lower by 0.1% year-on-year in November f
Read moreFriday broker round-up
2nd Dec 2016 14:49
(ShareCast News) - John Menzies: Berenberg starts coverage at buy with a target price of 660p. Synthomer: Jefferies stays at hold 367p target. WPP: Deutsche Bank reiterates buy with a 1890p target. MCBride: Berenberg starts coverage at buy with a 220p target. Acacia Mining: Canaccord stays at ove
Read moreWPP acquires American company PEP
29th Nov 2016 16:39
(ShareCast News) - WPP, the British multinational advertising and public relations company, has acquired Promotion Execution Partners (PEP) as part of its investment strategy into important markets like the US. PEP is a project management and procurement company that oversees shopper marketing prom
Read moreJP Morgan reiterates 'overweight' on WPP
29th Nov 2016 09:02
(ShareCast News) - JP Morgan Cazenove on Tuesday left its rating on WPP Group at 'overweight' but cut its rating to 2,032p from 2,075p. "We remain bullish on WPP as 1) organic revenue growth and earnings appear well supported; 2) our analysis shows little correlation between its share price with the
Read moreCredit Suisse reviews European media stocks; downgrades Pearson
22nd Nov 2016 10:12
(ShareCast News) - Credit Suisse updated its ratings and initiated on stocks in the European media sector. The Swiss bank upgraded RELX from 'neutral' to 'outperform' and bumped up the price target to 1,600p from 1,370p. It said the company's high-quality assets with market-leading positions have le
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