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NAIROBI, Aug 29 (Reuters) - Kenya's biggest marketing firm Scangroup registered an 83 percent drop in pretax profit for the first six months of 2013, hurt by a decision to shrink its operations in Nigeria. Scangroup, the only listed marketing and advertising company on the Kenyan bourse, sa
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UK markets are expected to open slightly higher on Thursday, following in the footsteps of a decent finish on Wall Street the night before following weakness earlier on in the week. Markets have been pressured lower in recent days on concerns about a potential Western military intervention in Syria
Read moreAdvertising giant WPP revealed a 19 per cent increase in half year pre-tax profit as slowing growth rates among emerging markets were eclipsed by a strong performance among mature markets like North America and the UK. The FTSE 100 listed firm said pre-tax profit jumped 19.4% to £427.1m for the six
Read moreLONDON, Aug 29 (Reuters) - WPP, set to be overtaken as the world's biggest ad group by the merger of Publicis and Omnicom, said like-for-like revenue rose 5 percent in July, the strongest rate this year, and said it saw a "slight increase" in its full-year forecast. The company said the se
Read moreAn activist investment fund is to double its stake in G4S to 10 per cent, fuelling speculation it will push for a break-up of the security contractor, the Sunday Times said. Cevian Capital, a Scandinavian fund chaired by former City Minister Lord Myners, is already G4S's second-biggest investor with
Read moreEquities moved moderately higher on the second to last Friday of the summer despite economic figures out in the afternoon which revealed a far larger than expected fall in new US home sales. Somewhat ironically, at least for now that won equity markets a small reprieve from the recent incessant cl
Read moreSpecialty chemical maker Croda International surged after Deutsche Bank upgraded the stock to 'buy' from 'hold' on expectations that top-line growth will pick up. WPP rallied after the advertising agency said its data investment business Kantar acquired The Benenson Strategy Group, a research and c
Read moreWPP said its investment management business Kantar had bought Benenson Strategy Group, a US strategic research and consulting firm founded and run by President Obama's top campaign pollster. Chief Executive Officer Joel Benenson, who set up the company in 2000 with Chief Operating Officer Carl Ross
Read moreWPP-owned communications agency, Addison Corp. Marketing, has acquired a majority stake in Emaxol, the holding company of IR Group, an online corporate communications agency. The 65-employee group has clients which include Tesco, BG Group, Centrica, Kingfisher, InterContinental Hotels Group, and T
Read moreWPP's activation agency, Geometry Global, has acquired a majority stake in Brandigital, a digital agency in Latin America. The firm, which works with clients in social media, e-commerce, and mobile, generated revenue of AR$19.3m (around £2.21m) for 2012. The Argentine company employs 110 works a
Read moreThe displacement of WPP as the world's biggest advertising agency by the merger of Omnicom and Publicis could be good news for WPP, Simon Duke wrote in the Sunday Times' Inside the City column. WPP, led by Martin Sorrell, earns more from from fast-growing emerging economies and digital ads than its
Read moreWPP said its unit JWT had agreed to buy a majority stake in South Korean digital agency Post Visual which counts Nike, eBay and Google among its clients. It is the latest in a long string of acquisitive deals announced by the advertising giant this month. Seoul-based Post Visual was founded in 20
Read moreAfrican Minerals: Barclays initiates with a target price of 220p and an underweight rating. Aviva: Exane downgrades to neutral with a target price of 403p. Avon Rubber: Investec ups target price from 470p to 500p, but downgrades from add to hold. AZ Electronic Materials: Deutsche Bank reduces tar
Read moreWPP Digital, the digital investment arm of advertising and public relations company WPP, has bought a minority stake in US group Mutual Mobile for an undisclosed sum. Mutual Mobile builds technology products for customers to improve communication and transactions across any mobile devices and all o
Read more(Corrects paragraph 8 to billion instead of million) By Jennifer Saba Aug 13 (Reuters) - One out of three people in the United States - more than 128 million - visit Facebook every day, and about 24 million in the United Kingdom do the same, the company said on Tuesday, releasing regi
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