WPP 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
Read moreWPP sees organic sales slowdown in third quarter
31st Oct 2014 08:21
Tougher comparatives led to a slowdown in organic growth at advertising and media giant WPP in the third quarter, though the company maintained its guidance for the full year. The company, led by frontman Sir Martin Sorrell, said like-for-like (LFL) net sales grew at a 3% pace to £2.42bn in the thre
Read moreWPP invests further in image recognition firm Planorama
30th Oct 2014 14:41
Advertising and media giant WPP said on Thursday that it has invested further in French image recognition technology firm Planorama as it expands its services to retailers and FMCG companies. WPP agency Kantar Retail made the investment in CVDM Solutions, which trades as the Planorama Group, but did
Read moreWPP's Kantar acquires audience measurement
16th Oct 2014 12:35
Kantar, the wholly-owned media research and analytics subsidiary of WPP, has agreed to acquire Civolution's Nextracker audience measurement and second screen audio watermarking business. France-based Nextracker is focused on audio watermarking technology, which allows second screen devices, such as
Read moreWPP subsidiaries sign deal with US film business Rentrak
9th Oct 2014 13:04
WPP's wholly-owned companies, GroupM, its global media investment management company, and Kantar Media, its media research and analytics business, have entered into agreements with Rentrak, the US-based film and television measurement company. Under the new partnerships, WPP will deliver new service
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