- Chinese HSBC PMI at seven-month high - Sports Direct founder sells 106m-pound stake - WPP rises after strong third quarter techMARK 2,627.78 +0.13% FTSE 100 6,695.11 +0.31% FTSE 250 15,538.56 +0.28% UK markets rebounded on Thursday morning with buying sparked by some improving data from China.
Read moreCity sources predict the FTSE 100 will open around 25 points higher than yesterday's close of 6,674.48, regaining losses seen on in London markets on Wednesday. The gains are expected despite moderate losses in the US overnight, which saw the S&P 500 snap a five-day winning streak as investors weig
Read more- Revenues rise 7.2% in first nine months - New business wins increase - Growth supported by advertising and media investment Advertising giant WPP reported a 7.2 per cent rise in revenue to 8.2bn pounds in the first nine months on the back of acquisitions and new business wins. The company achi
Read moreLONDON, Oct 24 (Reuters) - WPP, the world's largest advertising company, posted third quarter organic revenue well ahead of expectations, as it stole a march on its two biggest rivals which are locked in the process of merging. The British firm, run by Martin Sorrell, said like for like gro
Read more* Getty bonds go from above par to 75 cents on the dollar in 5 months * Leverage in private equity deals rising * Record junk bond issuance may hide other risky deals By Greg Roumeliotis NEW YORK, Oct 17 (Reuters) - When private equity firm Carlyle Group LP bought a contro
Read moreLONDON, Oct 17 (Reuters) - The number of British companies increasing their marketing spend grew at its strongest pace in 13 years in the third quarter, signalling growing optimism about the economy, an industry survey showed on Thursday. The IPA Bellwether report said a net balance of 12.3
Read moreNomura said it has been 'somewhat perplexed' by gold's recent weakness during the US government shutdown, but said it was positive on the outlook for gold prices until the end of the year. Nevertheless, the broker has downgraded its ratings for gold mining peers Polymetal and Centamin after both st
Read morePanmure Gordon has kept its positive stance on advertising and media giant WPP, highlighting good read-across from sector peer Omnicom. The broker maintained its 'buy' rating and 1,550p target price for the stock. WPP's share price rose strongly on Tuesday after Omnicom - one of the 'Big Four' glo
Read moreWPP has acquired Chinese digital ad agency IM2 for an undisclosed fee as it looks to expand in fast-growth and digital markets. The FTSE 100-listed advertising behemoth, which already generates $5bn of annual revenues from the Asia Pacific region, said IM2 was one of China's "leading and most succ
Read moreBy Jennifer Saba and Alexei Oreskovic NEW YORK/SAN FRANCISCO, Oct 14 (Reuters) - Three weeks ago, Yahoo Inc Chief Executive Marissa Mayer strode into a Manhattan hotel and was greeted like a rock star by hundreds of advertising executives who snapped pictures as she sat down for an intervie
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