UK advertising outlook improves after 'negligible' Brexit impact, WPP says
14th Nov 2016 08:49
(ShareCast News) - The UK advertising industry outlook has been revised higher by marketing behemoth WPP's Group M business after what is seen as a "negligible" short-term impact from the Brexit vote. While upping its forecasts for the overall UK ad market, Group M trimmed its growth forecast for tr
Read moreLondon close: Crude prices, policy meetings and Carney weigh on FTSE
31st Oct 2016 15:49
(ShareCast News) - London equities closed down on Monday amid sharply lower crude prices and as the market looks to policy calls from Bank of England and the US Federal Reserve later in the week. BoE issues its policy decision on Thursday, with rates seen unchanged, and its quarterly inflation repor
Read moreFTSE 100 movers: Shire and Next sold off ahead of results
31st Oct 2016 14:23
(ShareCast News) - The FTSE 100 was traipsing lower on Monday afternoon, led down by an assortment of companies across sectors, notably those that are due to report in the coming few days. Shire, which is scheduled to post its third-quarter results on Tuesday, was bottom of the pile as the drug deve
Read moreWPP enjoys third-quarter boost from sterling softness
31st Oct 2016 07:07
(ShareCast News) - Helped by the weakness of sterling, WPP posted net revenue and profit margins ahead of forecasts for the third quarter, while the outlook was said to remain unchanged. The advertising colossus reported that quarterly revenues grew 23.4%, with constant currency growth of 7.6%, 4.4%
Read moreWPP's Fitch buys majority stake in StratJG Hong Kong
24th Oct 2016 08:27
(ShareCast News) - Advertising giant WPP's company, Fitch, a retail and brand consultancy, has bought a majority stake in StratJG Hong Kong, a brand and customer experience design consultancy. The company said the acquisition "will enhance Fitch's existing offering, strengthening its presence within
Read moreWPP invests in New York-based ScrollMotion
21st Oct 2016 14:06
(ShareCast News) - Media group WPP has made an investment in US software company ScrollMotion Inc. New York-based ScrollMotion, which has developed a platform for building interactive mobile content without the need for developer0,s has worked with clients such as Apple, JPMorgan Chase and Verizon.
Read moreWPP buys Triad Retail Media
13th Oct 2016 12:55
(ShareCast News) - Media agency WPP's wholly-owned operating company Xaxis has agreed to buy US digital retail media specialist Triad Retail Media for an undisclosed sum. Triad - whose clients includes Walmart, eBay, Kohl's, Toys R Us and Asda Stores - generated gross revenues of more than $500m for
Read moreWednesday broker round-up
28th Sep 2016 12:15
(ShareCast News) - Close Brothers Group: Barclays reiterates overweight with a target price of 1500p. Royal Dutch Shell: HSBC keeps at buy, 2050p target. William Hill: Deutsche Bank keeps at buy with a 390p target. The Restaurant Group: Berenberg reiterates hold with a 350p target. Astrazeneca: D
Read moreMonday broker round-up
26th Sep 2016 14:17
(ShareCast News) - N Brown: HSBC downgrades to hold with a target price of 205p. Kingfisher: UBS downgrades to neutral, 390p target. Morrison: Credit Suisse keeps at neutral with a 200p target. WPP: Jefferies downgrades to hold with a 1850p target. Wolseley: Exane BNP Paribas keeps at underperfor
Read moreWPP to invest in French media investment group LNEI
22nd Sep 2016 11:02
(ShareCast News) - WPP said on Thursday that it will invest in French media investment group Les Nouvelles Editions Independantes (LNEI) as it looks to focus more on Western Continental Europe following the Brexit vote. Launched in Paris in 2009, LNEI has investments in French publishing titles in n
Read moreFriday broker round-up
9th Sep 2016 13:37
(ShareCast News) - Merlin Entertainments: UBS reiterates buy with a target price of 540p. Fenner: Jefferies maintains buy with a 205p target. Randgold Resources: UBS upgrades to buy with a 9750p target. Lloyds: Berenberg reiterates hold with a 55p target. BAE Systems: Goldman Sachs keeps at buy w
Read moreWPP invests in UK-based online medical education provider
7th Sep 2016 12:31
(ShareCast News) - Media agency WPP has invested in UK-based online medical education provider, The Corpus. The Corpus has developed a dedicated online platform to provide small-group interactive training sessions for healthcare practitioners delivered by clinicians. Each session features a live on
Read moreWPP's Plista buys Oslo-based content analytics group Linkpulse
6th Sep 2016 10:08
(ShareCast News) - WPP said on Tuesday that Plista, a provider of data-driven native advertising and part of Xaxis - its global programmatic media company - has acquired Oslo-based real-time content analytics group Linkpulse. Linkpulse works with over 120 publishers in Europe, enabling them to track
Read moreThursday newspaper share tips: WPP and Astrazeneca
25th Aug 2016 14:47
(ShareCast News) - The mood in advertising giant WPP should be pretty good, opines Financial Times' Lex column, which, in something of a novelty, cites Martin Sorrell's healthy tan. Something to do with enhanced moods due to the sun and serotonin release, the column wheezed. It noted that, as was t
Read moreWPP interim headline profit and revenue beat expectations
24th Aug 2016 07:21
(ShareCast News) - Shares in WPP rallied on Wednesday after the advertising giant reported better-than-expected headline pre-tax profit, revenue and organic sales growth for the first half. Headline pre-tax profit was up 15.8% to £690m, or 11.7% at constant currency, surpassing consensus expectation
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