WPP 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
Read moreWPP's Always buys Malaysian brand activation agency
6th Jun 2016 09:58
(ShareCast News) - Always Marketing Services, which is majority-owned by WPP operating company J. Walter Thompson, has acquired Malaysian brand activation agency ePromode Sdn Bhd for an undisclosed sum. Based in Kuala Lumpur, the company adapts retail technologies to create engaging consumer experie
Read moreMonday newspaper round-up: Brexit, BHS, WPP, Radley
6th Jun 2016 07:22
(ShareCast News) - Nigel Farage, leader of the UK Independence party, has said a British vote to leave the EU would be the first step in what he hoped would be the disintegration of the bloc. In an interview with the Financial Times, the Eurosceptic MEP's comments onEurope's future are some of his m
Read moreSunday newspaper round-up: Universal basic income, Brexit polls, Port Talbot
5th Jun 2016 22:37
(ShareCast News) - Labour is considering backing the idea of a universal basic income - a radical transformation of the welfare state that would ditch means-tested benefits in favour of a flat-rate payment. John McDonnell, the shadow chancellor, who is keen to find policies to match his slogan of a
Read moreFriday broker round-up
29th Apr 2016 12:44
(ShareCast News) - BT Group: UBS upgrades to neutral with a 430p target. Howden Joinery: JP Morgan reiterates overweight with a 570p target. Weir: HSBC upgrades to hold with a target price of 1150p JP Morgan reiterates underweight with a target of 735p and Jefferies stays at underperform with 730p
Read moreLondon pre-open: Stocks seen lower as investors digest Fed and BoJ
28th Apr 2016 07:26
(ShareCast News) - London stocks were expected to open a little lower on Thursday as investors digested the latest policy announcements from the Federal Reserve and Bank of Japan. The FTSE 100 was seen starting 20 points lower than Wednesday's close at 6,300. The Fed chose to stand pat on interest
Read moreRevenue and debt grows sizeably at WPP
28th Apr 2016 07:16
(ShareCast News) - Advertising and public relations group WPP reported billings of £11.922bn in its first quarter on Thursday - an increase of 8.3%, or 6.7% at constant currencies. The FTSE 100 firm said revenue in the four currencies it reports in went up 10.5% to £3.076bn, 4.6% to $4.402bn, 6.3% t
Read moreWPP buys Dutch design agency
26th Apr 2016 11:18
(ShareCast News) - Media agency WPP has acquired Dutch design agency Central Holding Du Bois Ording (dBOD) for an undisclosed sum. The full-service agency, which specialises in packaging design, corporate design, digital media and retail design, employs 38 people at its headquarters in Amsterdam and
Read moreWPP unit takes majority stake in Turkish PR firm
20th Apr 2016 08:42
(ShareCast News) - WPP said its Burson-Marstellar unit had agreed to take over Turkish communications firm Effect PR for an undisclosed sum. Istanbul-based Effect employs around 80 people and has been Burson-Marsteller's exclusive affiliate partner in Turkey since 2012, WPP said in a statement. Aft
Read moreWPP buys remaining stake in Athens-based market research agency
19th Apr 2016 11:21
(ShareCast News) - WPP's operating network, TNS, has bought the remaining stake in Greece's Taylor Nelson Sofres ICAP Market Research it did not already own. Athens-based TNS ICAP provides qualitative and quantitative research expertise along with TNS tools and methodologies. TNS is part of Kantar,
Read moreTuesday newspaper round-up: Negative rates, Sorrell, Tata Steel
19th Apr 2016 07:20
(ShareCast News) - Investors looking for income may have to give up on UK equity funds. A spate of FTSE dividend cuts has prompted an industry-wide debate about how the term "income fund" should be defined. Some of the most popular products selected by retail investors, income funds have attracted b
Read moreMonday broker round-up
18th Apr 2016 14:31
(ShareCast News) - Thomas Cook: Berenberg upgrades to hold with a target price of 105p and Goldman Sachs reiterates sell with a 94p target. Rightmove: Investec upgrades to buy with a target price of 4400p. Spirax: RBC downgrades to sextor perform with a target price of 3700p. Polymetal: Deutsche B
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