Wednesday preview: WPP reports first-half interims
25th Aug 2015 15:42
(ShareCast News) - Advertising giant WPP is on Wednesday expected to report a 20% increase in first-half pre-tax profit. Numis estimates pre-tax profit of £590m, up from the previous year's £491m. The broker predicts a 2.2% increase in like-for-like sales in the first half, with 2.5% growth in the f
Read moreWeek ahead: US inflation watchers train sights on Jackson Hole
21st Aug 2015 12:54
(ShareCast News) - After a week ahead of considerable stock market retreats, the important Jackson Hole central bank symposium will from Thursday provide the market with some enlightenment on the thinking of some key Federal Reserve figures, with plenty of economic data in the preceding days. After
Read moreChime Comms agrees takeover by WPP and US buyout firm
31st Jul 2015 15:29
(ShareCast News) - Advertising giant WPP and US buyout firm Providence have signed a deal to buy London-listed Chime Communications for £374m. Shares in the sports marketing agency rose 4.56% on the news, at 361p at 1449 BST, while WPP shares were up 0.55% to 1469p. The deal values Chime shares at
Read moreChime Communications confirms bid talks with WPP and Providence
30th Jul 2015 11:54
(ShareCast News) - Chime Communications shares rang up a sharp gain on Thursday after confirming it was in "advanced discussions" with media giant WPP and Providence Equity Partner about a takeover at 365p a share. The public relations group said the potential cash offer also would include an interi
Read moreWPP's Kantar Media invests in data analytics business
28th Jul 2015 15:50
(ShareCast News) - WPP's subsidiary Kantar Media has invested in data analytics firm BIScience. BIScience's global coverage spans 60 geographies and the company provides cross-channel intelligence and analytics for display, mobile, video and programmatic media. It's based in Tel Aviv with an office
Read moreWPP strengthens digital interests in Turkey with agency acquisition
20th Jul 2015 10:45
(ShareCast News) - WPP has expanded its digital marketing interests in Turkey with the acquisition of a majority stake in Istanbul-based Directcomm Marketing for an undisclosed sum. Directcomm, which specialises in digital marketing, customer relationship management, events and social media, has 700
Read moreWPP offers buying opportunity for Nomura ahead of results
16th Jul 2015 14:38
(ShareCast News) - There are now four reasons to buy media colossus WPP, said Nomura, in light of the sector's underperformance against the European benchmark Stoxx 600 index by 4% since May. Investor concerns have been dominated by the $20bn of account reviews due and relatively weak recent recent
Read moreLondon close: Footsie bounces back, small caps underperform
9th Jul 2015 16:50
A motley assortment of airlines, financials and homebuilders paced gains on Thursday, after a bounce in Chinese stockmarkets relieved some of the recent selling pressure. Nevertheless, China and Greece were not far from traders' minds, particularly the latter ahead of fresh reform proposals from of
Read moreLondon open: Miners pace gains as Shanghai stocks bounce
9th Jul 2015 08:46
Miners led the top flight index higher thanks to an overnight bounce in Chinese equities, and as traders awaited fresh reform proposals out of Athens, due by midnight. As of 0836 BST the FTSE 100 was higher by 42.18 points to reach 6,532.06, while the Shanghai Stock Exchange's composite index closed
Read moreWPP reportedly teams up with General Atlantic to bid for Tesco Clubcard business
9th Jul 2015 07:33
Advertising agency WPP has reportedly teamed up with private equity firm General Atlantic to bid for Tesco's loyalty card business, Dunnhumby. According to Bloomberg, the two firms are among those who submitted offers last week for the business. It cited people familiar with the matter as saying tha
Read moreLondon pre-open: Stocks to edge higher as Chinese equities bounce
9th Jul 2015 07:21
Stocks were being called to start the session marginally higher thanks to an overnight bounce in Chinese equities as traders awaited fresh reform proposals out of Athens, possibly as soon as today. The Shanghai Stock Exchange's composite index was rising 6.71% to 3,742.38 points as of 07:14. Noneth
Read moreWPP's Commarco takes share of German PR firm
7th Jul 2015 09:38
Advertising Group WPP has taken a majority interest in Hamburg based Nicole Weber Communications. No purchase price was disclosed for the acquisition, made through WPP's German based marketing network Commarco GmbH. WPP said PR firm focused on lifestyle industries, employed 30 people and had gross
Read moreAppNexus considering market debut next year
5th Jul 2015 16:07
AppNexus, the online advertising group in which WPP is major investor, is said to be considering a market flotation next year. The Sunday Times wrote that the company, which operates a software platform that connects internet sites and advertisers, is planning to list on the American stock exchange
Read moreSunday newspaper round-up: Energy and financial regulators, Sainsbury's and Supergroup
5th Jul 2015 16:03
The Big Six energy firms are expected to escape demands for a major break-up when the Competition and Markets Authority (CMA) this week announces the results of its lengthy review into competition in the industry. The competition regulator is expected to say that the vertical integration structure u
Read moreThursday broker round-up
25th Jun 2015 16:55
ARM Holdings: Credit Suisse upgrades to outperform with a target of 1,300p. Admiral Group: Citi downgrades to sell with 1,335p target. Antofagasta: Stifel initiates at hold. Bellway: Jefferies upgrades to buy and raises target to 2,997p from 2,542p. LSE Group: RBS upgrades to outperform. Petrofa
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