WPP 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
Read moreJefferies rates Pearson a "hold" after 2014 profits warning
28th Feb 2014 10:01
Pearson shares have been rated a "hold" by Jefferies with a target price of 1128p after the publishing company reported a 27 per cent fall in adjusted operating profits to 736m pounds. After warning of another year of tough trading conditions in the US, with a stronger pound making matters worse, P
Read moreFriday broker round-up UPDATE
28th Feb 2014 09:51
Barratt Developments: Liberum Capital ups target price from 430p to 468p and keeps a buy recommendation. Deutsche Bank takes target price from 394p to 452p and retains a buy recommendation. Citi raises target price from 390p to 460p and maintains its buy recommendation. Bodycote: FinnCap increases
Read moreLondon close: FTSE ends higher, Capita and Whitbread lead
27th Feb 2014 16:30
- ONS confirms Q4 UK growth of 0.7 per cent - Yellen points to softer spending - US jobless claims come in above expectations techMARK 2,902.16 +0.09% FTSE 100 6,810.27 +0.16% FTSE 250 16,523.02 +0.31% After a jam-packed day, the FTSE finished slightly higher, helped by confirmation of UK quarterl
Read moreFTSE 100 movers: Capita leads as RBS sinks
27th Feb 2014 15:06
Outsourcing specialist Capita led the upside after it said it had won 588m pounds-worth of new contracts so far in 2014, as it lifted pre-tax profits by 14 per cent to 215m pounds for the 2013 full-year. Revenues rose 15 per cent to 3.85bn pounds and operating profits increased to 516m pounds from 3
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