London midday: Miners keep Footsie subdued
27th Oct 2010 11:58
Footsie has dragged itself off the lows seen earlier in the morning but with weak metal prices hitting mining shares, the index is not making much headway. Reports suggesting that any new stimulus in the US will be smaller than expected have also knocked the miners with Kazakhmys, Xstrata and Rio T
Read moreLondon open: Poor start for Footsie
27th Oct 2010 08:44
London has followed on from last night's lacklustre performance on Wall Street and a weak display in Asia this morning with a poor start. Reports suggesting that any new stimulus in the US will be smaller than expected have knocked the miners with Kazakhmys, Xstrata and Rio Tinto the worst performe
Read moreSorrell flags up bumper quarter for WPP
27th Oct 2010 07:33
Ad agency WPP enjoyed its fastest growth in a decade in the last three months chief executive Sir Martin Sorrell said yesterday, as recovery in corporate earnings fed through into marketing spending. "Everything we see in the rear-view mirror is good," he told the World Retail Congress. "This qua
Read moreWednesday newspaper round-up: British Airways, UK economy, WPP...
27th Oct 2010 06:19
The chairman of British Airways has launched an attack on "completely redundant" airport checks and said the UK should stop "kowtowing" to US demands for increased security. The comments by Martin Broughton reflect broader industry and passenger frustration over the steady accumulation of rules on
Read moreLondon close: Second wind lifts Footsie higher
20th Sep 2010 16:40
A strong start on Wall Street ensured Footsie finished with good gains having started the day on a strong footing. US shares moved ahead including housebuilder and economic bellwether Lennar, which beat profit forecasts. Part-nationalised banking giant Lloyds Banking held up well after it was ann
Read moreLondon afternoon: Lloyds up as Daniels names exit date
20th Sep 2010 14:29
Stocks gave up a proportion of their gains over the lunch time session despite expectations of a firm start on Wall Street. Part-nationalised banking giant Lloyds Banking is holding up well after it was announced that chief executive Eric Daniels is to retire in a year's time. The move was not unex
Read moreLondon midday: US coast guard verdicts lifts BP
20th Sep 2010 12:09
Investors are in an optimistic frame of mind ahead of the Federal Reserve's Federal Open Market Committee (FOMC) meeting tomorrow. The 'glass half full' crowd are expecting the FOMC to announce further measures to revitalise the global economy. Barely a dozen Footsie constituents are in the red, an
Read moreLondon open: Bright start for blue chips
20th Sep 2010 08:37
UK blue chips have made good ground in early dealings with oil and mining groups in demand. BP is the top performer after the US coast guard signalled that the oil spill into the Gulf of Mexico has been permanently sealed. US authorities described the leak from the Macondo well in the Gulf of Mexic
Read moreLondon pre-open: Positive start indicated
20th Sep 2010 07:26
UK blue chips are expected to post modest gains early doors as Wall Street ended higher Friday. Futures prices indicate an initial gain of about 16 points for the FTSE 100, hoping to snap a three-day losing streak. BAE Systems has strengthened its position in the US counter-terrorism market with t
Read moreWPP takes stake in Singapore's Comwerks
20th Sep 2010 07:09
WPP has strengthened its Asian business will the acquisition of a 51% stake in Singapore-based Comwerks, a full service digital agency with a big list of government and public sector clients. Comwerks Interactive, only eight years old, specializes in digital media and web 2.0 solutions and does wor
Read moreWPP adds shop consultant to China portfolio
13th Sep 2010 08:00
WPP has added to its growing portfolio of businesses in China with the acquisition of majority stake in shopper-marketing consultancy DPI for an undisclosed sum. Founded in 1996 in Hong Kong, and with offices in Guangzhou and Shanghai, DPI employs more than 80 people and specialises in shopper-base
Read morePRESS RELEASE: S&P Report: Europe's Media Industry Ratings Are Stabilizing
30th Jul 2010 12:04
The following is a press release from Standard & Poor's: LONDON (Standard & Poor's) July 30, 2010--European media companies' first and second-quarter results for 2010 indicate that the sector is experiencing a recovery, says Standard & Poor's Ratings Services today in the industry report card "For
Read morePRESS RELEASE: Russell Davies Appointed Head of Planning, Ogilvy EMEA
29th Jul 2010 15:49
Important Hire Furthers Commitment To Planning Discipline LONDON, July 29 /PRNewswire/ -- Ogilvy & Mather today announced the appointment of Russell Davies as Head of Planning for Ogilvy & Mather for Europe, Africa and the Middle East. He will oversee Planning across the region and work on key
Read moreUPDATE: Publicis Ups 2010 Outlook As Ad Recovery Gains Pace
29th Jul 2010 12:09
(Adds detail, comment) By Ruth Bender Of DOW JONES NEWSWIRES PARIS (Dow Jones)--French advertising company Publicis Groupe SA (PUBGY) Thursday raised its full=year outlook after posting better-than-expected second quarter earnings, in a further sign that the pace of the advertising market
Read morePRESS RELEASE: VeriPrime Food Safety Cooperative Hires Burson-Marsteller to Promote Food Safety Campaign
28th Jul 2010 16:08
WICHITA, Kan.--(BUSINESS WIRE)--July 28, 2010-- VeriPrime Beef Food Safety Cooperative today announced it has hired Burson-Marsteller, a leading global public relations and communications firm, to promote its efforts to eradicate E. coli from our nation's food supply. "Each year more than 73
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