London open: Stocks decline on Greek fears, global trade data
9th Mar 2015 08:40
UK stocks fell on Monday morning on the back of renewed concerns about Greece, while investors digested the latest trade data from China and Germany. London's FTSE 100 was down 0.55% at 6,873.61 within the opening hour of trade. Greece's new government has threatened that they could call a referend
Read moreLondon pre-open: Stocks set to fall early on after Chinese trade data
9th Mar 2015 07:54
UK stocks were expected to retreat on Monday morning as investors focused on Chinese trade data and the prospect of an earlier-than-expected rate rise by the Fed. City sources predict the FTSE 100 will open 25 points lower than Friday's close of 6,911.80. In economic data, China's trade surplus roc
Read moreUpbeat WPP posts record profit of £1.5bn
9th Mar 2015 07:11
WPP, the world's biggest advertising company recorded a £1.5bn annual profit in 2014 and kicked off 2015 on a strong note. For the full year, WPP grew pre-tax profits by 12% to £1.45bn on reported revenue of £11.53bn, which was up 4.6% year over year. The group also posted a 3.3% rise in comparable
Read moreBerenberg cautious on broadcasters as media investor attitudes shift
12th Jan 2015 11:04
After a surprising decline in print advertising during 2014 and the inexorable increases of online video, broker Berenberg views the media sector as expensive, with the best potential for structural growth in online, gaming and outdoor. "2015 looks set to be a year in which investor attitudes toward
Read moreWPP invests $250m in sports marketing firm
6th Jan 2015 12:10
Advertising and public relations giant WPP will invest $250m in a sports marketing firm created by George Pyne, former president of IMG Sports and Entertainment. Pyne left the IMG Worldwide sports venture in August to set up its own business, Bruin Sports Capital. WPP said the investment in Bruin w
Read moreLondon midday: UK stocks back in the red ahead of Fed meeting
17th Dec 2014 12:18
UK stocks were back in the red on Wednesday after their first gain in seven days the previous session, with investors scaling back risk appetite ahead of a number of risk events. Along with a host of economic data due out during the session, markets were keeping an eye out for minutes for the latest
Read moreLondon open: UK stocks drop early on as investors await risk events
17th Dec 2014 08:21
UK stocks dropped sharply on Wednesday morning as the sell-off resumed ahead of a busy session for global financial markets. The FTSE 100 was down 0.8% at 6,284 early on. The index had jumped 2.4% the previous session, snapping a six-day losing streak, as West Texas Intermediate crude futures rebou
Read moreLondon pre-open: Sell-off expected to continue ahead of busy session
17th Dec 2014 07:38
The sell-off is expected to resume on Wednesday after a brief pause the previous session, with markets eyeing a number of key 'risk events' across the globe. City sources predict the FTSE 100 will open 53 points lower than Tuesday's close of 6,331.83. The index had jumped 2.4% the previous session,
Read moreWPP appoints IMI chairman as Lader replacement
17th Dec 2014 07:16
Advertising and media giant WPP has named a successor to Philip Lader who announced his plan to step down as long-running chairman earlier this year. The company said it has appointed Roberto Quarta as a non-executive director and chairman-designate, who will offer himself for re-election at a share
Read moreWPP acquires US firm The Swift Collective
3rd Dec 2014 15:18
WPP's wholly-owned company, Possible, has acquired The Swift Collective in the US. Swift, which employs more than 70 people, is expected to generate revenues for 2014 of more than $13m. Swift is a digital agency that specializes in creative and strategy, branded content creation and social media.
Read moreWednesday newspaper round-up: Autumn Statement, UK food prices, Schlumberger...
3rd Dec 2014 06:49
UK Chancellor George Osborne is expected to use Wednesday's Autumn Statement to deliver a near financial injection to Britain's economy by boosting small-to-medium enterprises (SMEs) with nearly £1bn. Osborne is predicted to hand an additional £400m over to the British Business Bank and more funding
Read moreThursday broker round-up.-Update
13th Nov 2014 10:21
AstraZeneca: JP Morgan raises target price from 3700p to 4100p, keeping its underweight rating. AVEVA Group: Barclays upgrades to overweight. Bellway: Credit Suisse raises target price from 1876p to 1905p and keeps a neutral rating. Bow Leven: Barclays shifts target price from 45p to 50p and retai
Read moreWPP's Ogilvy & Mather acquires South African firm Gloo Digital Design
4th Nov 2014 10:53
WPP's wholly-owned marketing communications network, Ogilvy & Mather, has acquired South African firm Gloo Digital Design. Gloo, which was founded in 2005, specialises in creative campaign solutions for all sectors across the digital media space and has been named 'Digital Agency of the Year' for th
Read moreLondon midday: BoJ stimulus sparks surge, as RBS and IAG jump
31st Oct 2014 11:45
London's stock market surged on Friday, following on from a stellar performance by Asian stocks after Japan's central bank surprised with an increase to its monetary-easing programme. Better-than-expected quarterly profits from RBS and an increase to full-year guidance at IAG also helped to boost se
Read moreLondon open: RBS and IAG lead gains as UK stocks rise on BoJ stimulus
31st Oct 2014 08:34
London's stock market jumped in early deals on Friday, trading at levels not seen since the start of the month, after Japan's central bank unexpectedly ramped up its monetary-easing plan in a bid to revive growth. Sentiment was also helped by some well-received third-quarter results from heavyweight
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