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After an initial stint in positive territory, UK stock markets swung sharply into the red by Friday lunchtime as concerns about budget cuts in the US take their toll on risk appetite. Sequestration is continuing to dominate headlines this morning as the deadline for across-the-board automatic budge
Read moreUK stocks opened broadly higher on Friday morning but a disappointing reading of Chinese manufacturing weighed on the mining sector, limiting gains for the resource-heavy FTSE 100 index. The official Chinese manufacturing purchasing managers' index (PMI) fell from 50.4 to 50.1 in February. While t
Read moreAdvertising giant WPP topped market expectations with its results for 2012 but labelled its performance as 'ugly' due to the varying levels of growth throughout the year. The company, led by media guru Sir Martin Sorrell, reported full-year revenues of £10.37bn, up 3.5% from 2011 and ahead of the £
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LONDON, March 1 (Reuters) - WPP, the world's largest advertising company, recovered from third quarter weakness to post annual growth in organic revenue ahead of expectations and said it had started the year strongly. WPP reported like-for-like revenue growth of 2.9 percent in 2012, beating
Read moreLONDON, March 1 (Reuters) - WPP, the world's largest advertising company, recovered from third quarter weakness to post annual growth of 2.9 percent in organic revenue, ahead of expectations. WPP, whose portfolio includes Ogilvy & Mather and Young & Rubicam, works for clients including Micr
Read moreAshtead Group: Citigroup increases target price from 487p to 590p and keeps a buy recommendation. Atkins: JP Morgan raises target price from 893p 920p, reiterating an overweight rating. Berendsen: Panmure Gordon moves target price from 582p to 760p, while staying with its hold recommendation. Cant
Read moreAn upwards revision to US economic growth estimates prompted an afternoon rally in London, with markets extending gains after some dovish comments from central bankers in the US and Europe. Concerns about a recession in the States proved premature, as the initial estimate of a 0.1% contraction in U
Read moreThe media sector was on the up on Thursday as strong gains for FTSE 100 heavyweights ITV, Reed Elsevier and WPP provided a lift. Terrestrial broadcaster ITV was up nearly 5.0% before the close, one day after rewarding shareholders with a special dividend worth £156m as it posted 2012 results which
Read moreFTSE 100-listed advertising and marketing giant WPP has announced that its wholly-owned operating company, Y&R, acquired a majority stake in the Istanbul-based digital advertising agency CS Reklam Hizmetleri Sanayi Ve Ticaret A.S. which trades as 'C-Section'. C-Section specialises in creating micro
Read moreBy Chris Vellacott LONDON, Feb 27 (Reuters) - One of Britain's most influential fund managers Standard Life Investments has come out in support of controversial plans to give shareholders greater powers to block executive pay at UK companies. Edinburgh-based SLI said on Wednesday it i
Read moreAndor Technology: Investec shifts target price from 460p to 500p and keeps a buy recommendation. Associated British Foods: Nomura revises target price from 1790p to 1800p, while its neutral rating remains unchanged. Barclays: Espirito Santo raises target price from 346p to 418p and reiterates its
Read moreITV shares soared after Nomura raised its target price on the stock to 130p from 125p before. WPP Group also got a boost after Morgan Stanley increased its target price from 912p to 1090p and retained an equal-weight rating. Mining giant Anglo American was a high riser this morning despite record
Read moreAberdeen Asset Management: UBS shifts target price from 440p to 470p and reiterates a buy recommendation. Credit Suisse takes target price from 410p to 470p staying with its outperform rating. Barclays revises target price from 470p to 490p, while its overweight rating remains unchanged. Jefferies m
Read moreBy Kate Holton and Sarah Young HEDDINGTON, England, Feb 14 (Reuters) - For Peggy Robinson, the directives coming from the European Union are now so relentless she hires an extra person just to "wade" through the paperwork at her small family firm. Gareth Jenkins, a small manufacturer
Read more* Fourth-quarter earnings $1.13/share vs est $1.09 * Revenue $3.94 bln vs est $3.93 bln * Revenue in US rises 5.1 pct, intl revenue slips 0.3 pct * Shares up 2.5 pct By Sruthi Ramakrishnan Feb 12 (Reuters) - Omnicom Group Inc, the largest U.S. advertising company and
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