WPP takes over Dutch media and marketing business
18th Jun 2015 08:20
GroupM, the media investment management arm of advertising and media giant WPP, has bought Dutch business Greenhouse Group. The acquired company provides digital media and marketing services through its four operating companies: online market agencies Blue Mango Interactive and Fresh Fruit Digital,
Read moreWPP raises stake in TechEdge to 49% from 20%
17th Jun 2015 14:15
Advertising agency WPP said on Wednesday that it has increased its stake in Denmark-based software supplier TechEdge to 49% from 20%. TechEdge's unaudited net sales for the year ended 31 December 2014 were around $13.6m, with gross assets at approximately $6.3m. TechEdge licenses a range of softwar
Read moreWPP's GroupM buys New Zealand media agency
17th Jun 2015 09:20
Advertising agency WPP announced on Wednesday that its GroupM operating company has bought New Zealand-based media agency Chemistry Media for an undisclosed sum. Chemistry Media is a media planning and buying agency with operations in Auckland and Wellington. Its key clients include Bank of New Zeal
Read moreWPP acquires 'significant' minority stake in Hirschen Group
16th Jun 2015 10:12
Advertising and PR giant WPP has reached an agreement to acquire a "significant" minority stake in German independent agent Hirschen Group GmbH for an undisclosed amount. The FTSE 100 group said its J Walter Thompson agency will partner with Hirschen following the acquisition, adding that existing t
Read moreWPP revenue up 8% in first four months; Brexit and US rate rise cited as possible risks
9th Jun 2015 12:42
Advertising agency WPP posted an 8% rise in revenue to £3.78bn for the first four months of the year, although the company cautioned that it looks set to be "another demanding year" and pointed to a possible 'Brexit' and US interest-rate hike as risks. Revenue in constant currency was up 7.1%, refle
Read moreWPP acquires minority stake in WANDA Digital
8th Jun 2015 09:21
Publishing giant WPP has acquired a minority stake in Turkish digital agency WANDA Digital for an undisclosed amount. The FTSE 100 group said the acquisition was carried out via its business partner J Walter Thompson Company. WANDA, whose clients include Turkcell, L'Oreal, Nestle and Unilever, repo
Read moreFTSE 100 movers: Kingfisher surges on upgrade, miners and oil stocks lower
4th Jun 2015 13:16
UK stocks dipped on Thursday afternoon amid mixed messages coming out about progress in Greece and volatile sovereign debt markets. Sector-wise, miners, utilities and transport stocks provided the biggest drag, offsetting decent performances from retailers and property stocks. As of 14:30 BST, the
Read moreTuesday broker round-up
2nd Jun 2015 07:57
British American Tobacco: JP Morgan reiterates overweight and 4,100p target price. Royal Mail: JP Morgan reiterates neutral stance. Playtech: JP Morgan reiterates buy. Henderson Group: UBS reiterates neutral stance and 275p target. Prudential: UBS reiterates buy recommendation and 1,950p target.
Read moreFTSE 100 movers: Lloyds declines as state investment vehicle lowers stake, miners lower
1st Jun 2015 13:49
UK shares were trading lower on Monday afternoon, ahead of a raft of US economic data, as weakness in mining, oil and insurance stocks outweighed gains made in the real estate, travel and electronics sectors. As of 15:30 BST, the FTSE 100 was trading 0.23% lower at 6,988. Lloyds registered losses a
Read moreWPP could reportedly face revolt over CEO Sorrell's pay
1st Jun 2015 07:09
Global advertising group WPP may face opposition from shareholders at its annual meeting on 9 June over chief executive Martin Sorrell's £43m pay award for 2014, according to press reports. Glass Lewis and Institutional Shareholder Services (ISS), which advise investors that own about a quarter of t
Read moreSunday newspaper round-up: Government supplier clampdown, UK banks' Fifa fears, Lloyds sale
31st May 2015 15:58
Companies that supply services to the government are going to feel the screw tightened on them as the Cabinet Office clamps down, the Sunday Times said. The office has begun to demand its biggest contractors, which include BAE Systems, Babcock, Serco and G4S, to report on revenue and profit margins
Read moreWPP acquires French advertising specialist
28th May 2015 12:22
Advertising and public relations giant WPP said it has acquired a majority stake in out-of-home advertising specialist Financiere Postiere. The FTSE 100 group did not offer any financial details on the transaction, although it said the deal will be carried out by Kinetic and GroupM, two of its fully
Read moreWPP's Always buys Singapore marketing company 3ree
22nd May 2015 08:13
WPP's China-based marketing company Always Marketing Services has agreed to buy Singapore's 3ree, the advertising group announced on Friday. WPP said the acquisition of 3ree, which offers event management, marketing and project management, marks another step towards its goal of developing its networ
Read moreWPP buys majority stake in sports marketing agency Two Circles
19th May 2015 11:13
Advertising giant WPP has acquired a majority stake in sports marketing agency Two Circles. Following the deal, the London-based agency will become part of ESP Properties, the new sport rights agency launched by GroupM, WPP's media-buying arm. In a statement released on Tuesday, WPP said Two Circle
Read moreSteer clear of FTSE 100 even beyond the UK election, says SocGen
7th May 2015 13:14
Steer clear of UK equities even beyond the election, despite their recent underperformance, said Societe Generale in a research note on Thursday. The bank cited three key reasons why the market is unattractive, the first being fading growth momentum. SocGen pointed out that the UK economy delivered
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