Thursday broker round-up UPDATE
16th Jan 2014 08:59
Aberdeen Asset Management: Canaccord Genuity cuts target price from 586p to 540p, while its buy recommendation remains unchanged. Anglo American: UBS ups target price from 1500p to 1580p upgrading from neutral to buy. Antofagasta: Investec reduces target price from 716p to 685p maintaining a sell
Read moreWednesday broker round-up UPDATE
15th Jan 2014 08:42
African Barrick Gold: Liberum Capital downgrades to sell with a target price of 147p. Deutsche Bank lowers target price from 190p to 180p, while maintaining a hold recommendation. African Minerals: Deutsche Bank shifts target price from 410p to 414p and maintains a buy recommendation. Amlin: JP Mo
Read moreWPP buys stake in WVI Group
13th Jan 2014 10:33
Advertising giant WPP has agreed to buy an 80 per cent majority stake in the WVI Group, a joint venture holding company for a number of WPP brands in Russia. The deal is subject to regulatory approval. An agreement has also been made to purchase the remaining 20% stake in 2016. "This investment c
Read moreWPP to acquire Vietnamese marketing agency
10th Jan 2014 12:32
WPP, the FTSE 100 multinational advertising and public relations company, is set to acquire a full-service integrated marketing agency based in Vietnam. Marketeers Vietnam was founded 12 years ago and conducts promotional campaigns, activation and field marketing services. It employs 75 people a
Read moreWPP acquires German digital media specialist
7th Jan 2014 08:26
GroupM, the wholly-owned operating company of WPP, has acquired plista, a digital media specialist in Germany. plista, an online advertising specialist that employs about 100 people, brings advertisers and publishers together via its data-driven proprietary content and advertising platform, which G
Read moreBroker snap: Take profits at Euromoney, Westhouse recommends
20th Dec 2013 10:57
Westhouse Securities has downgraded its rating for magazine publisher Euromoney Institutional Investor from 'neutral' to 'sell', saying that the stock's valuation is looking stretched. The broker explained that the share price has increased by 12% since it last updated its forecasts and increased i
Read moreLondon pre-open: Stocks to rise ahead of consumer confidence data, GDP
20th Dec 2013 07:46
Market sources predict the FTSE 100 will open nine points up from yesterday's close of 6584.70 ahead of the release of UK consumer confidence and economic growth figures. GfK's consumer confidence is expected to rise modestly in December to -11 from -12 in November. The final estimate of UK gross
Read moreWPP buys Unilever media services firm in Philippines
20th Dec 2013 07:08
Advertising and media giant WPP is set to snap up the business and assets of Media Arts System and Services Company (MASSCOM), a Philippines-based media agency that works closely with Unilever. Founded in 1986, MASSCOM was set up to serve consumer good group Unilever exclusively in the Philippines.
Read moreWPP buys major stakes in Russian and Indian pair - UPDATE
18th Dec 2013 13:30
Media and advertising giant WPP has snapped up majority stakes in Russia- and Ukraine-focused market research group ARMI-Marketing and in one of India's largest rural communications and marketing services providers. Moscow-headquartered ARMI is to be acquired by WPP's brand, media and communication
Read moreWPP buys majority stake in Russian market research group
18th Dec 2013 07:26
Media and advertising giant WPP has snapped up a majority stake in Russia- and Ukraine-focused market research group ARMI-Marketing. Moscow-headquartered ARMI is to be acquired by WPP's brand, media and communications research arm, Millward Brown. Founded in 1992, ARM employs 200 people and works
Read moreLondon pre-open: Markets to pull back after strong surge
17th Dec 2013 07:30
Markets are expected to open in the red on Tuesday morning after a strong surge the day before as investors turn cautious ahead of US inflation figures out later on. City sources predict the FTSE 100 will open down 18 points from Monday's close of 6,522.2, as stocks pull back after a 1.3% jump the
Read moreWPP buys stake in Richard Attias & Associates
17th Dec 2013 07:07
Advertising giant WPP has purchased a 30 per cent stake in strategic consultant Richard Attias & Associates. Richard Attias has helped to organise events such as World Economic Forum in Davos, the Clinton Global Initiative, launch of the Euro in 2000, the 2008 Arab Strategy Forum and the APEC CEO
Read moreWPP's Kantar to buy Fisheye Analytics
16th Dec 2013 16:03
WPP's data investment management business Kantar has agreed to buy Fisheye Analytics, a media monitoring and analytics services business in Singapore. Fisheye will become part of Kantar Media and works with some of the biggest sports governing bodies, international organisations and governments fr
Read moreLondon pre-open: FTSE to decline on tapering concerns
12th Dec 2013 07:27
- FTSE to fall on tapering concerns - US stock markets sink - Eurozone industrial production due out today City sources predict the FTSE 100 will open 26 points below yesterday's close of 6,507.72, dragged down by a poor finish across the Pond, where markets suffered steep losses on the back of con
Read moreWPP to buy stake in Belgium social marketing agency
12th Dec 2013 07:05
WPP, the multinational advertising and public relations company, has agreed to acquire a majority stake in Social Lab, a social marketing agency based in Belgium, through its wholly-owned marketing communications network, Ogilvy & Mather. The transaction will allow the business to develop its onli
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