London pre-open: Flat start expected after yesterday's sell-off
15th Dec 2011 07:24
The FTSE 100 index is expected to open just a few points higher, following yesterday's mass sell-off which saw London's blue chip lose an average of 2.25% each. City sources predict the Footise will open up 7 points from yesterday's close of 5,367. Likely to be weighing on investors minds will be
Read moreWPP's marketing agency acquires stake in Qais
15th Dec 2011 07:22
WPP's wholly-owned digital marketing agency, VML has acquired a majority stake in Qais Consulting, also a digital marketing agency, based in Singapore. Qais will join its business operations with VML, and together they will be rebranded as VML Qais, operating as part of Y&R Asia. Qais employs
Read moreWPP goes shopping again in Asia
14th Dec 2011 08:18
Advertising conglomerate WPP has added independent Singapore public relations firm XPR to its ever growing empire. The firm said Cohn & Wolfe, its own public relations group, had agreed to acquire a majority stake in XPR, which has offices in Singapore, Malaysia and Indonesia for an undisclosed sum
Read moreWPP snaps up HK healthcare PR agency
13th Dec 2011 07:42
Advertising conglomerate WPP is to add another piece to its empire with the acquisition of a controlling stake in Mind Resource Healthcare Consulting, an independent healthcare communications agency in Hong Kong. The acquired company, which offers event planning, production services and public rela
Read moreWPP buys Chinese PR firm
30th Nov 2011 07:52
WPP, the FTSE 100 communications agency, is to buy a majority stake in impactasia, an independent public relations agency with an established network of offices in Greater China. Clients of impactasia already include Rolls Royce, Guinness and the Mandarin Oriental Hotel Group. impactasia's unaudit
Read moreWPP takes stake in apps tech firm
29th Nov 2011 07:49
Just as a shark has to keep moving or die, so it seems advertising agency WPP has to do an acquisition or its chief executive, Sir Martin Sorrell, ceases to exist. As acquisitions go, the latest - a purchase of a minority stake in mobile device based consumer insight company, Lumi Technologies - is
Read moreLondon pre-open: Modest gains ahead of Chancellor's speech
29th Nov 2011 07:10
London is set to open higher, but gains are modest as investors wait to see what the Chancellor of the Exchequer, George Osborne, has up his sleeve today; Osborne is due to present his Autumn statement to parliament this afternoon. City sources predict the FTSE 100 will open up 10 points from yest
Read moreWPP in second round of financing at IGA
14th Nov 2011 07:23
WPP, the highly acquisitive advertising firm led by Sir Martin Sorrell, has participated in a second round of financing to maintain its minority interest in InGameAdvertising (IGA) in China. IGA, which was founded in 2005 and employs 30 people, has invested in the stock alongside new investor Si
Read moreWPP, Paragon raising funds
2nd Nov 2011 14:19
Acquisitive advertising conglomerate WPP is looking to raise funds through a bond issue, and is offering existing bond-holders the opportunity to exchange old for new. The company has announced a private cash offering of new 10-year senior notes, due 2021, and plans to offer to exchange up to $450m
Read moreUPDATE: Monday broker round-up
31st Oct 2011 10:17
Homeserve: Citi retains sell, cuts target to 400p from 430p. Virgin Media: Citi stays at buy, lowers target to $32 from $35.7. Homeserve: Credit Suisse downgrades from outperform to neutral, target cut from 570p to 485p. Removes from small and medium cap Focus list. JJB Sports: Panmure Gordon d
Read moreLondon close: Choppy FTSE 100 closes lower
28th Oct 2011 17:08
Shares finished slightly lower after a quiet day on the company news front, giving traders a chance to sit back and appraise the latest developments in the Eurozone saga. Stock markets across the globe surged higher yesterday, with the three US benchmarks rising by an average 3% last night after le
Read moreLondon midday: Pause for breath after euro boost
28th Oct 2011 12:01
Shares are still flat amid a quiet day on the company news front, giving traders a chance to sit back and appraise the latest developments in the Eurozone saga. SUBDUED START AFTER YESTERDAY'S SURGE Stock markets across the globe surged higher yesterday, with the three US benchmarks rising by an a
Read moreUPDATE: Friday broker round-up
28th Oct 2011 09:13
HSBC/Standard Chartered: Citi chief economist William Buiter argues today that: "World trade is set for a prolonged boom and a marked transformation. Transaction banking and trade finance should track the direction of trade and economic growth in the long term. (...) Standard Chartered and HSBC shou
Read moreLondon open: Flat start for the Footsie
28th Oct 2011 08:40
The FTSE 100 opened flat on Friday morning following yesterday's massive 2.9% gain on the back of strong US economic data and the pivotal Eurozone agreements announced yesterday. SUBDUED START AFTER STRONG DAY ON THURSDAY Stock markets across the globe surged higher yesterday, with the three US b
Read moreLondon pre-open: Advance to continue at more sedate pace
28th Oct 2011 07:21
There is still a bullish outlook in London following the Brussels summit meeting announcement on Wednesday night, but gains are expected to be modest at the outset with the FTSE 100 tipped to open around 28 points up from yesterday's close of 5,714. Advertising conglomerate WPP saw like-for-like (
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