London pre-open: Quiet start expected for the Footsie
13th Aug 2012 07:20
London's benchmark index is expected to open a little lower on Monday morning in the absence of any new developments over the weekend. City sources are predicting that the FTSE 100 will open around eight points lower from Friday's close of 5,847. "A quiet start to the trading week is expected toda
Read moreWPP to take control of Turkish agency
13th Aug 2012 07:03
WPP, the media and advertising giant led by frontman Sir Martin Sorrell, wants to buy up the remaining stake in Turkish agency Manajans Thompson Reklam Isleri. The acquisition, subject to regulatory approval, will see WPP increase its current minority interest - held since 1985 - to 100% following
Read moreWPP looks to the future with Fortune Cookie
2nd Aug 2012 07:21
WPP, the highly acquisitive media and advertising giant led by frontman Sir Martin Sorrell, has announced that Possible Worldwide, its interactive marketing agency, has acquired a majority stake in Fortune Cookie, a full service digital marketing services agency. Fortune, which specialises in prov
Read moreLondon pre-open: Small bounce-back expected following sell-off
24th Jul 2012 07:30
City sources reckon that the FTSE 100 will open up by around 24 points today, as equity markets attempt to rebound following Monday's mass sell-off across the globe. The Footsie finished at 5,534 yesterday, its lowest closing level in nearly a month, after surging bond yields in Spain (on the back
Read moreWPP snaps up digital agency KKLD
24th Jul 2012 07:17
WPP, the highly acquisitive media and advertising giant led by frontman Sir Martin Sorrell, has bought Germany-based digital agency, KKLD, as it attempts to expand its footprint further in digital media. KKLD, bought by WPP's German marketing services network Commarco for an undisclosed sum, will f
Read moreWPP acquires majority stake in Acceleration
23rd Jul 2012 15:40
Media giant WPP has made perhaps the least surprising announcement of the month by unveiling yet another acquisition, this time a majority stake in Acceleration Holdings in Guernsey and Acceleration eMarketing in South Africa, the holding companies of Acceleration, a marketing technology solutions g
Read moreWPP expands LatAm presence after buying Chilean ad firm
20th Jul 2012 14:53
Media giant WPP, run by Si Martin Sorrell, has bought Chilean consumer insight group Cadem Advertising in an effort to expand its footprint in fast-growing markets. Cadem, acquired by WPP's brand, media and communications research subsidiary Millward Brown, was founded in 1997 and has served client
Read moreBroker snap: Counter offers for Aegis unlikely, says Investec
12th Jul 2012 09:49
Investec has hiked its target price for media and digital communications group Aegis from 195p to 240p to fall in line with the offer price by Japanese advertising agency Dentsu. Dentsu is offering 240p in cash for each Aegis share, a 50% premium on the day before the agreed bid announced. The offe
Read moreWednesday broker round-up
11th Jul 2012 08:10
ASOS: HSBC downgrades to neutral, target lifted from 1,780p to 1,950p. Avanti Communications: Jefferies reiterates buy rating and 600p target. Aviva: Morgan Stanley upgrades to overweight. Balfour Beatty: UBS downgrades to neutral, target cut from 340p to 310p. BTG: Jefferies downgrades from buy
Read moreTuesday broker round-up - UPDATE
10th Jul 2012 08:18
WPP: JP Morgan upgrades to outperform from neutral. AMEC: BarCap raises target from 1,340p to 1,350p, underweight rating kept. ASOS: Peel Hunt keeps buy rating and 1,800p target. AstraZeneca: BarCap keeps equal weight rating. Betfair: Nomura cuts target from 1,070p to 946p, buy rating unchanged.
Read moreWPP makes acquisition in Finland
9th Jul 2012 13:50
Highly acquisitive media giant WPP has announced that JWT, its wholly-owned advertising agency network, has acquired a majority equity stake in Activeark, a leading full service digital agency in Helsinki, Finland. The agency has operations in both the UK and India and employs more than 80 people.
Read moreWPP snaps up Press Index
4th Jul 2012 10:31
WPP, the advertising world's answer to the Borg in Star Trek, has announced it second acquisition of the week, and this time it is a French agency that is to be assimilated. WPP's wholly-owned operating network Kantar has agreed to acquire 87% of the share capital of Press Index in France at a pri
Read moreWPP expands footprint in Brazil
3rd Jul 2012 09:44
The most-used cheque-book in the City got another outing on Tuesday as acquisitive advertising conglomerate WPP strengthened its presence in Brazil. The group has acquired a 70% stake in Foster Informatica, a digital agency based in São Paulo, Brazil. The agency employs 50 people and numbers Monsan
Read moreLondon open: Asian data lifts stocks early on
2nd Jul 2012 08:30
- Chinese, Japanese data comes in better than expected - RBS falls on Libor issues - Barclays Chairman resigns London's blue chips edged higher on Monday morning after manufacturing data in China and Japan boosted sentiment. China's purchasing managers' index (PMI) fell from 50.4 to 50.2 last mont
Read moreLondon pre-open: FTSE to track Asian stocks higher
2nd Jul 2012 07:30
City sources predict the FTSE 100 will open up six points from Friday's close of 5,571, tracking Asian stocks higher following a round of positive data in both China and Japan. Also boosting sentiment is the progress made at the EU summit held at the end of last week, at which a number of significan
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