Wednesday broker round-up
17th Aug 2016 21:35
(ShareCast News) - Polypipe: Berenberg maintains buy with a 360p target. Vodafone: Jefferies reiterates buy with a 260p target. Standard Chartered: HSBC downgrades to hold with a 650p target. Prudential: Goldman Sachs keeps at buy with a target price of 1750p. WPP: Berenberg reiterates hold with
Read moreWPP's J. Walter Company acquires WANDA Digital in Turkey
4th Aug 2016 10:17
(ShareCast News) - J.Walter Thompson Company, a global marketing communications agency and a subsidiary of media firm WPP Group, announced the acquisition of a majority stake in WANDA Digital, an independent digital agency in Turkey. The agreement follows an initial investment from WPP made last yea
Read moreWPP's J Walter Thompson to buy US digital agency iStrategyLabs
2nd Aug 2016 13:38
(ShareCast News) - WPP's wholly-owned global market communications agency J Walter Thompson has agreed to buy full service US digital agency iStrategyLabs (ISL) for an undisclosed sum. Based in Washington with an office in New York and 80 employees, ISL generated net revenue of $12.4m as of 31 Decem
Read moreMonday broker round-up
18th Jul 2016 13:20
(ShareCast News) - Experian: Barclays reiterates overweight with a target price of 1,550p. Rentokil: HSBC upgrades to hold with a 190p target. Card Factory: UBS reiterates buy with a 295p target. Capital & Regional: HSBC starts coverage at buy with a 61p target. Unilever: Goldman Sachs reiterates
Read moreWPP's Grey buys majority stake in China's Easycom
14th Jul 2016 11:37
(ShareCast News) - Advertising giant WPP's wholly-owned operating company, Grey, a marketing communications network, bought a majority stake in Chinese social marketing agency Easycom. The acquisition was part of WPP's strategy to invest in markets and sectors that will strengthen its content and t
Read moreWPP buys Belgium's Famous; to focus on Western EU post Brexit
11th Jul 2016 11:44
(ShareCast News) - WPP said the UK's decision to leave the European Union will lead to it placing "an even greater emphasis" on growth in Western Continental Europe as it announced the acquisition of a majority stake in Belgian creative agency Famous for an undisclosed sum. Brussels-based Famous' ma
Read moreWPP to place greater emphasis on western continental Europe post Brexit
7th Jul 2016 11:57
(ShareCast News) - Advertising giant WPP said the UK's vote to quit the European Union will see the company place a great emphasis on western continental Europe. This market included four of WPP's top-10 markets worldwide, namely Germany, France, Italy and Spain. WPP's strategic update came with co
Read moreWPP's Kantar signs agreement with Iran's Rahbar Bazaar
4th Jul 2016 10:53
(ShareCast News) - Advertising giant WPP's data investment subsidiary Kantar signed an agreement with Iran's Rahbar Bazaar Market Research Institute on Monday, to give it a foothold in the Iranian market. To develop its business opportunities and growth in the market, Kantar hopes to take advantage
Read moreMonday broker round-up
4th Jul 2016 08:05
(ShareCast News) - Auto Trader: Barclays stays at equal-weight with a target price of 340p. Dignity: Berenberg reiterates buy with a 2825p target. Dixons Carphone: HSBC keeps at buy with a target price of 400p. Mitchels & Butlers: JP Morgan downgrades to neutral with a target of 240p. Diageo: Ber
Read moreTravel&leisure stocks and financials lead gains
1st Jul 2016 14:43
(ShareCast News) - Travel stocks led the way higher at the end of the week as the Footsie advanced towards its largest weekly gain since December 2011, with stock in TUI at the top of the leaderboard but with shares in InterContinental Hotels Group and Carnival close behind as they recovered from fa
Read moreWPP to invest in Woven Digital
30th Jun 2016 13:50
(ShareCast News) - Advertising giant WPP announced on Thursday it has agreed to invest in Woven Digital, a US media company aimed at millennials. The investment will be made through its Silicon Valley-based subsidiary WPP Ventures, which invests in new technology companies that benefit WPP's clients
Read moreWPP invests in Russell Simmons' All Def Digital
29th Jun 2016 15:33
(ShareCast News) - Advertising group WPP has agreed to make a strategic investment in Los Angeles-based All Def Digital (ADD), a digital media company founded by hip-hop impresario Russell Simmons. ADD, whose clients include Universal and Samsung, was founded by Simmons in 2013 employs around 35 peo
Read moreWPP joins up with Chinese internet services firm
29th Jun 2016 10:39
(ShareCast News) - Advertising giant WPP has signed a memorandum of understanding with Chinese internet services firm Tencent to create a social innovation and ideation lab. The China Social Marketing Lab will develop enhanced solutions that cater to clients and their target audiences. Through knowl
Read moreThursday broker round-up
23rd Jun 2016 13:11
(ShareCast News) - Ascential: Goldman Sachs reiterates buy with a target price of 278p. Sophos: UBS keeps at buy with a 300p target. SSP Group: JP Morgan keeps at overweight with a target price of 335p. Vodafone: HSBC upgrades to buy with a target of 175p. Bae Systems: Berenberg downgrades to hol
Read morePension fund advisors ask members to reject WPP pay report
6th Jun 2016 11:55
(ShareCast News) - The Local Authority Pension Fund Forum (LAPFF) has advised its 70 member funds to vote against advertising agency WPP's remuneration report, which is being put to shareholders on Wednesday. WPP offered "excessive payments" to chief executive officer Sir Martin Sorrell, the LAPFF s
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