WPP beats forecasts despite adverse currency movements
25th Apr 2014 07:03
- Currency movements weigh on top line - Revenues still ahead of forecasts - Profits, margins ahead of budget - Outlook upbeat The recent strength in sterling had a big impact on WPP's top line in the first quarter, limiting revenue growth to just 1.5 per cent, but results from the media and advert
Read moreWPP subsidiary to create new company with Chinese partner
23rd Apr 2014 12:22
Advertising and marketing services group WPP on Wednesday said its wholly-owned out of home advertising business, tenthavenue, is set to form a new company with Shanghai Media Group's BesTV New Media company. The new company, Bestenth Media (Shanghai) Co, will enter the out of home digital and mob
Read moreWPP's Kantar snaps up XTEL in Italy
22nd Apr 2014 11:27
Marketing behemoth WPP, via its wholly-owned data and consulting business Kantar Retail, has acquired Italian sales automation software provider XTEL. XTEL made revenues of €8.3m in calendar 2013 and had gross assets at year end of €0.8m. The Bologna-based business's software allows its customers,
Read moreWPP's Kantar buys The Data Republic
2nd Apr 2014 09:54
WPP's Kantar Media has bought the entire issued share capital of The Data Republic, a social media data analytics agency in Spain. Kantar will gain access to The Data Republic's proprietary technology including "Tuitele", which collects, measures, analyses and creates visualisations of social media
Read moreWPP purchases French web design agency
1st Apr 2014 10:14
Sir Martin Sorrell's advertising behemoth WPP has acquired a French marketing agency that specialises in producing websites for brands and corporate clients. The creative agency, called X-Prime, was purchased by WPP's communications agecny JWT and employs around 50 people in Paris and Toulouse.
Read moreFTSE 100 movers: Aberdeen slides after target price cut
27th Mar 2014 15:05
Aberdeen Asset Management declined on the back of Credit Suisse's decision to cut its target price on the stock from 470p to 415p, reiterating its 'neutral' rating. WPP climbed after announcing its fourth acquisition of the week. Today saw the group reveal that its wholly-owned operating company,
Read moreWPP to acquire Indian social media agency
27th Mar 2014 10:10
WPP's wholly-owned operating company, JWT, is set to acquire a majority stake in Social Wavelength, an Indian social media agency. Social Wavelength, which employs more than 170 people, marks the group's fifth acquisition in India in the last four years. In the year ended March 31st 2013, the busi
Read moreWPP to acquire marketing services agency XMKT
25th Mar 2014 07:02
In what is so far proving to be an acquisition-heavy week for the group, WPP announced it has agreed to acquire XMKT Group, a marketing services agency specialising in customer experience management. The firm, whose clients include Diageo and Uniqlo, is headquartered in Shanghai and employs approx
Read moreWPP buys Chinese gift specialist
24th Mar 2014 08:13
FTSE-100 listed WPP announced the acquisition of a Chinese gift specialist firm on Monday. Egift, which provides total integrated premium and loyalty programme gift solutions, will continue to operate independently as part of WPP's wholly-owned operating company, JWT, within its activation, field a
Read moreLondon pre-open: Russia and China concerns to weigh FTSE down
24th Mar 2014 07:23
UK stocks are set to be weighed down by the building geopolital tensions in western Europe and as the latest data out of China disappointed yet again. City sources predict the FTSE 100 will open around 40 points lower than Friday's close of 6,557.1. Data revealed the flash Markit/HSBC Purchasing M
Read moreWPP acquires UK digital technology consultancy
24th Mar 2014 07:02
WPP has agreed to acquire a majority stake in Cognifide, a UK digital technology consultancy which specialises in content management and digital asset management technology. The firm, which employs more than 200 people, will continue to operate as its own brand within WPP. For the full 2013 year,
Read moreMonday broker round-up UPDATE
17th Mar 2014 08:31
Admiral Group: Credit Suisse raises target price from 1340p to 1425p and keeps a neutral rating. African Barrick Gold: Canaccord Genuity ups target price from 315p to 330p and maintains a buy recommendation. Amara Mining: Canaccord Genuity moves target price from 25p to 33p and reiterates its buy
Read moreWPP acquires majority stake in Memac Ogilvy
12th Mar 2014 09:37
WPP announces that its wholly-owned marketing communications network, Ogilvy & Mather, is planning to acquire a majority stake in Memac Ogilvy, a marketing services company covering markets throughout the Middle East and North Africa (MENA) region. The two businesses have been associated together
Read moreTuesday broker round-up UPDATE
4th Mar 2014 09:37
Abcam: Numis cuts target price from 560p to 510p downgrading from add to hold. Amlin: Deutsche Bank shifts target price from 484p to 491p and keeps a hold recommendation. Arrow Global: Canaccord Genuity shifts target price from 300p to 309p maintaining a buy recommendation. Numis moves target pric
Read moreXP Power board members reduce holdings
28th Feb 2014 16:18
XP Power's Chairman, Larry Tracey, on Thursday sold 75,000 shares in the power supply solutions manufacturer. Tracey, who has held his current role since April 2002, disposed of the shares at 1,755p a time, generating a total of £1.3m. Fellow board member James Peters, a Non-Executive Director, t
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