FTSE 100 movers: WPP rises on upgrade
30th Jan 2013 15:32
Leading the upside was advertising and media firm WPP after Jefferies upgraded its rating for the stock from hold to buy. The broker said that an analysis WPP's largest clients and their 2013 ad budget 'looks encouraging' and 'with expectations low, we see upside risk'. Meanwhile, heavyweight fina
Read moreLondon midday: Markets nervous ahead of US GDP, FOMC
30th Jan 2013 11:39
Strong gains for financial stocks were being outweighed by heavy losses in the resources sector in London, with markets trading mixed ahead of a busy day in the US later on. "European markets are looking exhausted, broadly flat as traders continue to refrain from building equity positions after the
Read moreBroker tips: Imperial, WPP, Ferrexpo
30th Jan 2013 10:50
Panmure Gordon has retained its 'buy' rating and 2,900p target price cigarette and tobacco group Imperial Tobacco but has raised some concerns after the company noted challenging conditions in some markets in the first quarter. "We remain attracted to Imperial on its valuation; however in order for
Read moreBroker snap: Jefferies upgrades WPP to 'buy'
30th Jan 2013 09:11
Media and advertising giant WPP was performing well on Wednesday morning after Jefferies upgraded its rating for the stock from 'hold' to 'buy'. The broker said that an analysis WPP's largest clients and their 2013 ad budgets "looks encouraging" and "with expectations low, we see upside risk". Con
Read moreWednesday broker round-up - UPDATE
30th Jan 2013 07:03
Alternative Networks: Investec increases target price from 310p to 330p retaining a buy rating. Anglo American: Deutsche Bank takes price target from 2200p to 2260p, while its buy recommendation remains unchanged. Antofagasta: Bank of America reduces target price from 1500p to 1400p and downgrades
Read moreMonday broker round-up - UPDATE
28th Jan 2013 08:04
Amino Technologies: Northland Capital takes price target from 75p to 80p reiterating a buy recommendation. Anglo American: Deutsche Bank shifts target price from 2230p to 2200p and retains a buy recommendation. Anite: Panmure Gordon increases target price from 165p to 170p and maintains a buy rati
Read moreWPP acquires Salmon Group
23rd Jan 2013 14:21
Advertising group WPP announced Wednesday it purchased the entire issued share capital of Okam, the holding company of digital consultancy firm Salmon Group. The FTSE 100 company said the acquisition would improve its position in e-commerce which has become of increasing importance to retailers, ma
Read moreThursday broker round-up UPDATE
17th Jan 2013 07:19
African Barrick Gold: Westhouse Securities reduces target price from 335p to 305p, while its sell recommendation is unchanged. Anglo American: Exane cuts target price from 2000p to 1650p and downgrades from neutral to underperform. Antofagasta: Exane ups target price from 1400p to 1500p keeping an
Read moreTuesday broker round-up UPDATE
15th Jan 2013 07:17
African Barrick Gold: Investec lowers its target price from 526p to 405p, while upgrading from hold to buy. ARM Holdings: Morgan Stanley raises its target price from 725p to 911p, while downgrading to equal-weight. Investec ups target price from 800p to 900p and downgrades from buy to hold. Aurum
Read moreFriday newspaper round-up: RBS, Japan, PPI claims...
11th Jan 2013 07:02
Senior Royal Bank of Scotland bankers may step down in the coming weeks as part of the bailed-out bank's multimillion-pound settlement with regulators over the Libor-rigging scandal. John Hourican, head of the RBS investment bank, and Peter Nielsen, head of markets, may leave even though neither of
Read moreWPP acquires remaining shares of three Columbian agencies
9th Jan 2013 15:21
WPP's wholly-owned companies Grey, G2 Worldwide and MediaCom have acquired the outstanding shares of three Columbian agencies. Advertising agency network Grey has purchased the remaining shares in ad business REP/Grey. That along with digital marketing company G2 Worldwide which invested in REP/G
Read moreWednesday broker round-up UPDATE
9th Jan 2013 09:11
African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:
Read moreWPP on the march again
3rd Jan 2013 14:24
Advertising agency WPP has started the new year where it left off, by buying another firm to add to Sir Martin Sorrell's ever-expanding empire. The firm said GroupM, WPP's global media investment management arm, had acquired a majority stake in PLAY Communication, a marketing agency based in Sydney
Read moreThursday newspaper round-up: Defence companies, Bank levies, Martin Sorrell...
3rd Jan 2013 07:02
Defence companies competing for a 1.5bn-pound contract to replace Britain's military air traffic infrastructure will submit proposals over the next few days. Three teams including BAE Systems and Lockheed Martin are vying for the work, which will be undertaken over a period of 22 years. The contract
Read moreWPP subsidiary Wunderman acquires majority stake in Crossmedia
21st Dec 2012 09:55
Wunderman, the wholly-owned subsidiary of advertising and marketing giant WPP has acquired a majority stake in the Mexico-based digital marketing agency CM Interactive S.A. (Crossmedia) . Crossmedia's unaudited revenues for the year ending December 31st 2011 were over $5m with gross assets of over
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