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Bernstein Research helped educational publisher Pearson higher after it said it is set to cash in on a shake-up of education services in the US, in spite of taking a hit from currency volatility. Bernstein says Pearson, which gets about 60% of its sales from the US, is likely to benefit from Common
Read more- Ukraine tensions prompt profit taking - S&P downgrades Russia - UK retail sales beat forecasts - Pearson and William Hill gain after updates, Tullow falls techMARK 2,754.20 -0.20% FTSE 100 6,679.08 -0.36% FTSE 250 15,950.90 -0.26% UK stocks were trading with small losses on Friday, pulling back
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(An item published at 1224 BST misstated the direction of the markets. The correct version follows) LONDON (Alliance News) - Pearson leads the FTSE 100 as we head into afternoon trading Friday after the company maintained its full-year adjusted earnings per share guidanc
Read moreLONDON (Alliance News) - Pearson leads the FTSE 100 as we head into afternoon trading Friday after the company maintained its full-year adjusted earnings per share guidance for 2014, as it said it had seen a "solid start to the year" in a statement ahead of its annual general
Read more- Ukraine-Russia tensions continue to rise - William Hill, Pearson and WPP impress with updates - Tullow drops after abandoning well techMARK 2,746.73 -0.48% FTSE 100 6,682.14 -0.31% FTSE 250 15,946.28 -0.28% UK markets retreated from a seven-week high on Friday morning as rising tensions between
Read moreLONDON (Alliance News) - Media buying giant WPP PLC Friday reiterated its forecasts for 2014, as it saw revenues rise in the first quarter to end-March, although the strengthening of sterling continued to hamper growth. WPP expects like-for-like revenue to grow strongly, and "gross margin o
Read moreLONDON (Alliance News) - UK shares have opened lower Friday on heightened concerns about the standoff in Ukraine.
William Hill said it will close 109 gaming shops in response to the UK government's hike to machine gaming duty, putting 420 employees at risk. William
- Currency movements weigh on top line - Revenues still ahead of forecasts - Profits, margins ahead of budget - Outlook upbeat The recent strength in sterling had a big impact on WPP's top line in the first quarter, limiting revenue growth to just 1.5 per cent, but results from the media and advert
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(Adds quotes, background, reaction) LONDON, April 25 (Reuters) - WPP, the world's largest advertising group, reported a much better than expected 7 percent rise in first quarter like-for-like revenue growth and said it had seen a surge in new client wins due to changes in the industry. <
Read moreLONDON (Alliance News) - UK stocks are set to open slightly lower Friday, following a volatile session on Thursday, as concerns about the escalating crisis in Ukraine threaten to overshadow yet another batch of broadly positive US corporate earnings reports. Stock markets in Europe and the
Read moreLONDON, April 25 (Reuters) - WPP, the world's largest advertising group, reported first quarter like-for-like revenue growth of 7 percent, much better than expected, and said it had seen a surge in new business wins due to changes in the industry. Martin Sorrell's group, which shocked the
Read moreLONDON (Alliance News) - The FTSE 100 closed Thursday at its highest level for more than six weeks, boosted by some strong quarterly earnings results from US companies.
However, European markets moved sharply off their highs late in the session as tensions in Ukraine ratcheted up.<
Advertising and marketing services group WPP on Wednesday said its wholly-owned out of home advertising business, tenthavenue, is set to form a new company with Shanghai Media Group's BesTV New Media company. The new company, Bestenth Media (Shanghai) Co, will enter the out of home digital and mob
Read moreLONDON (Alliance News) - WPP PLC said Tuesday that it had acquired Italy-based sales automation software company XTEL Group via its retail data, analytics and consulting business Kantar Retail. XTEL posted revenues of EUR8.3 million for 2013, with gross assets of EUR800,000 as at December 3
Read moreMarketing behemoth WPP, via its wholly-owned data and consulting business Kantar Retail, has acquired Italian sales automation software provider XTEL. XTEL made revenues of €8.3m in calendar 2013 and had gross assets at year end of €0.8m. The Bologna-based business's software allows its customers,
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