WPP acquires Element Marketing Group
7th Oct 2014 14:34
Adding to its Ogilvy CommonHealth business, WPP has acquired US Company Element Marketing Group, which provides clients in the pharmaceutical and biotech industries with communication, marketing and reimbursement solutions. The newly acquired firm was founded in 2007 and currently employs 30 people
Read moreWPP takes stake in Chinese e-commerce firm
24th Sep 2014 07:20
WPP, one of the world's largest advertising groups, has announced it intends to invest in Polestar, a start-up Chinese e-commerce service company that has partnerships with Chinese and international brands. WPP will take a minority stake in Polestar, which will be led by its principal investors, man
Read moreWPP's GroupM acquires media investment management company
23rd Sep 2014 09:55
FTSE 100 media group WPP on Tuesday announced that its wholly-owned media investment management company, GroupM, has acquired 49% of US media agency Haworth Marketing + Media. In the year ended 31 October, the firm's billings totalled $700m with gross assets of $87m at the period end. GroupM's clie
Read moreWPP acquires Chinese social media agency Teein
22nd Sep 2014 13:01
WPP's wholly-owned operating company VML has agreed to acquire Chinese social media agency Teein, the communications giant announced on Monday. The global digital network said the purchase marks a further step towards WPP's declared goal of developing its networks in fast-growth markets and sectors.
Read moreLondon midday: Miners down after remarks from Chinese finmin, Tesco lower
22nd Sep 2014 12:23
Come midday London´s Footsie was by the far worst performer in Europe following a profit warning from troubled food retailer Tesco and remarks from China´s finance minister which may have dashed hopes of further policy stimulus. Worries over global growth prospects in China and the Eurozone weighed
Read moreLondon open: Stocks slip on growth concerns, Tesco plummets after warning
22nd Sep 2014 08:39
The UK's blue chips are leading fallers in Europe on Monday after a profit warning from troubled food retailer Tesco. As of 09:06 the FTSE 100 was 46 points lower at 6,792.86. Wall Street ended the Friday session on a mixed footing, with market commentary highlighting the tenth consecutive week of
Read moreWPP increases stake in AppNexus with $25m investment
22nd Sep 2014 07:50
Communications giant WPP has unveiled plans to invest $25m in AppNexus in return for a larger stake. As part of the deal, which will reportedly increase its interest in the New York-based company from less than 1% to almost 15%, WPP will transfer its Xaxis For Publishers business to the US group. T
Read moreLondon pre-open: FTSE to open lower ahead of Draghi speech
22nd Sep 2014 07:27
The UK's blue chips are set for a negative start on Monday morning, following a weaker finish in the US on Friday. City sources predict the FTSE 100 will open around 32 points lower than Friday's close of 6,837.92. "Global indices are looking to start the week on a somewhat softer tone, with the As
Read moreLondon pre-open: FTSE to jump after Scotland votes against independence
19th Sep 2014 07:44
London-listed stocks are set to jump at Friday's opening bell following Scotland's decision to vote against independence. City sources predict the FTSE 100 will open around 70 points than Thursday's close of 6,819.29. Scotland has decided against leaving the UK as the pro-union campaign won the ind
Read moreWPP subsidiary acquires Mongolian agency
19th Sep 2014 07:29
Advertising, media and communications giant WPP on Friday said its subsidiary Y&R Advertising has acquired Mongolian creative agency MCS Holding LLC. The agency will change its name to Y&R Mongolia and affiliate its business to WPP's global research consultancy TNS. It also said it will be the firs
Read moreWPP invests in next generation digital contents studio
16th Sep 2014 16:24
Global communications services group, WPP, has announced a planned investment in digital content producer Indigenous Media. WPP, founded by Martin Sorrell, took a minority stake in the company along with ITV, a UK commercial broadcaster. Indigenous Media, founded by acclaimed film makers Jon Avnet,
Read moreFTSE 100 movers: Pearson leads as retailers slide
16th Sep 2014 16:06
Pearson led the upside after Morgan Stanley upgraded the publisher from 'equal weight' to 'overweight', citing the increased size of its market. Barclays helped lift Royal Dutch Shell, which reiterated its 'overweight' rating on the oil group. WPP shares climbed after the group announced a strategi
Read moreWPP acquires Brazilian healthcare research company
15th Sep 2014 12:53
Kantar Health, WPP's wholly-owned healthcare consulting firm, has acquired a Brazilian healthcare research company. Evidências, which in 2013 generated revenue of R$5.8m, was founded in 1998 and employs 22 people. Working with all segments of the Brazilian healthcare market, the business provides c
Read moreWPP acquires e-commerce specialist
11th Sep 2014 10:14
Salmon, WPP's wholly-owned e-commerce agency, has acquired UK-based e-commerce specialists, Neoworks. The group said the firm, which is focused on the implementation of e-commerce sites, will complement Salmon's existing technology skills and give clients greater flexibility to work with the most ap
Read moreWPP acquires Brazilian services provider Epigram
9th Sep 2014 10:42
Advertising giant WPP's wholly-owned operating company, Brand Union, has taken a 60% stake in Brazilian services provider Epigram. The firm's unaudited revenues for 2013 totalled in the region of R$8.4m, with gross assets of around $1.5m at the year-end. It employs 60 people and offers a range of s
Read more