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The Telegraph writes that BP's giant underwater oil project offshore Angola has come in four billion dollars over budget after delays set it back a year. According to The Independent, unions are meeting with AstraZeneca in an attempt to convince the pharmaceuticals group to reverse plans to shut do
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(Deletes reference to U.S. audience in paragraph 5, edits) By Hyunjoo Jin SEOUL, April 26 (Reuters) - South Korean automaker Hyundai Motor Co has been forced to apologise for an advertisement that sought to promote the zero carbon emissions of one of its cars by featuring a man failin
Read moreStocks in the UK slipped on Friday morning as traders took profits after a three-day winning streak with markets nervous ahead of economic growth data from the United States this afternoon. The US Commerce Department is expected to reveal that gross domestic product (GDP) in the world's largest eco
Read moreMarkets opened in negative territory on Friday morning as eyes turned to the all-important reading of first-quarter economic growth in the US. The US Commerce Department is expected to reveal later on that gross domestic product (GDP) in the world's largest economy expanded at a 3.0% pace in the fi
Read moreCity sources predict the FTSE 100 will open down 23 points from yesterday's close of 6,443 on the expectation of some end of the week profit taking. In the US last night stocks started the day strongly on the back of better-than-expected jobless claims and corporate earnings but gains were trimmed
Read moreAdmiral Group: HB Markets initiates with a buy recommendation. AstraZeneca: Deutsche Bank takes target price from 3100p to 3160p and leaves its hold recommendation unchanged. Avon Rubber: Investec upgrades from hold to add with a target price of 420p. Betfair Group: Citigroup raises target price
Read moreAdvertising and media group WPP reiterated its long-term targets on Friday after saying that trading patterns in the first three months of the year were similar to the final quarter of 2012. Revenues grew by 5.9% to £2.53bn in the quarter ended March 31st, up just 2.1% on a like-for-like basis as g
Read moreLONDON, April 26 (Reuters) - WPP, the world's largest advertising group, said it had nudged its annual outlook higher after first quarter profits and margin came in above forecasts and ahead of last year due to a surprisingly robust performance in Britain. Martin Sorrell's WPP said organic
Read moreLONDON, April 26 (Reuters) - WPP, the world's largest advertising group, said it had nudged its annual outlook higher after first quarter profits and margin came in above forecasts and ahead of last year due to a surprisingly robust performance in Britain. Martin Sorrell's WPP said organic
Read moreWPP's Chief Executive Office Martin Sorrell on Thursday outlined the amount the advertising company spends on digital promotions ahead of its first-quarter results. Sorrell said digital now accounts for 34% of WPP's media investment. The group spends $73bn globally on buying ad space across media
Read morePARIS, April 17 (Reuters) - Publicis is establishing a bonus and retention programme for 200 of its key executives based on whether the advertising agency reaches its growth and margin targets in the next three to four years. Coming at a time of tough competition for talent and high salarie
Read more* Q1 organic growth 1.3 pct vs consensus 2.9 pct * Publicis targets 3.2-3.6 pct organic sales growth in 2013 * Publicis shares fall more than 5 pct * CEO Levy sees improvement later this year in Europe PARIS, April 15 (Reuters) - Advertising group Publicis said it expecte
Read moreWPP Digital, the FTSE 100 company's digital investment arm, has participated in a third round of financing relating to its minority investment in Leading Smart Holdings, which has a controlling interest in the parent company Miaozhen Systems. As such, WPP has invested in a series C preferred share
Read moreAviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
Read more* Toyota execs mull repositioning of 10-year-old brand * One option: reinvention as a premium small car brand * Scion also looks at hybrid, crossover, 4-door sedan * Brand's 2012 sales were less than half its 2006 peak By Ben Klayman DETROIT, April 3 (Reuters) - Toyo
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