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Cello Group acquires Line Digital

Fri, 25th Apr 2014 07:41

Marketing firm Cello Group announced it has acquired web design company Line Digital in order to reinforce its digital capability.The Edinburgh-based agency, which specialises in online marketing, provides for clients such as Standard Life, Tesco Bank, Travel Corp and Edinburgh Fringe. The group has not released any costs related to the acquisition.The group's subsidiary Cello Signal, which recently acquired digital agency Blonde, will soon be fully integrated with Line to form Blonde Digital, which it expects to add to its growing knowledge in building digital technology platforms for clients.Cello also acquired pharmaceutical group, Mash Health, towards the start of the year for a total consideration of £0.6m, which is now part of the firm's healthcare division.Managing Director Ross Laurie said: "Integration with Blonde will deliver more support for our clients and staff, more financial stability for growth, and a deeper pool of knowledge for us to draw on. It is an exciting opportunity to expand more aggressively"As of 08:31, the share price had risen by 0.58% to 85p.WS
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13 May 2014 07:29

UK MORNING BRIEFING: Taylor Wimpey Leads Strong FTSE 250

LONDON (Alliance News) - Mid-cap stocks are leading London equities higher at the open Tuesday, following a strong lead in from the US and Asia, particularly Tokyo.

Taylor Wimpey is leading the mid-cap FTSE 250, up 5.7%, after saying it expects to deliver a big incr

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25 Apr 2014 08:54

Cello Acquires Edinburgh-Based Digital Agency Line Digital Ltd

LONDON (Alliance News) - Marketing firm Cello Group PLC Friday said it has acquired Edinburgh-based digital agency Line Digital Ltd to boost its Cello Signal business. The company did not disclose any financial details regarding the transaction. Line Digital specialises in web design

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31 Mar 2014 10:41

Monday broker round-up UPDATE

African Minerals: Credit Suisse cuts target price from 280p to 200p maintaining a neutral rating. Anglo American: Credit Suisse reduces target price from 1900p to 1800p and retains an outperform rating. ARM Holdings: Barclays takes target price from 1125p to 1200p and reiterates an overweight reco

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20 Mar 2014 12:49

Cello Group Sees 2013 Profit Increase

LONDON (Alliance News) - Cello Group PLC Thursday reported an increase in profit and revenue for the full-year, reflecting a strong performance across the business. The marketing consultancy group posted pretax profit of GBP5.5 million for 2013, up from GBP1.4 million, as revenue rose 18.2%

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20 Mar 2014 08:34

UK MORNING BRIEFING: Shares Open Lower On Yellen Rates Comment

LONDON (Alliance News) - Shares have opened lower Thursday, as markets around the world react to Fed Chair Janet Yellen's hint of an earlier-than-expected rise in US interest rates. The CEO of handbag firm Mulberry has stepped down after only two years in the job.

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