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Shares in ITV gain 2.5 percent, third top gainer on London's blue chip index, as analysts turn increasingly bullish on the free-to-air broadcaster, according to Thomson Reuters Starmine data, with UBS raising its earnings forecasts on the firm and Westhouse lifting its target price. ITV is a huge fa
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African Barrick Gold: Investec lowers its target price from 526p to 405p, while upgrading from hold to buy. ARM Holdings: Morgan Stanley raises its target price from 725p to 911p, while downgrading to equal-weight. Investec ups target price from 800p to 900p and downgrades from buy to hold. Aurum
Read moreSenior Royal Bank of Scotland bankers may step down in the coming weeks as part of the bailed-out bank's multimillion-pound settlement with regulators over the Libor-rigging scandal. John Hourican, head of the RBS investment bank, and Peter Nielsen, head of markets, may leave even though neither of
Read more* UK business: Britain must be at heart of a reformed Europe * Wholesale changes to UK's role in Europe would be dangerous * David Cameron set to give important EU policy speech By Peter Griffiths and Brenda Goh LONDON, Jan 9 (Reuters) - Prime Minister David Cameron will damage Britain's fragile eco
Read moreWPP's wholly-owned companies Grey, G2 Worldwide and MediaCom have acquired the outstanding shares of three Columbian agencies. Advertising agency network Grey has purchased the remaining shares in ad business REP/Grey. That along with digital marketing company G2 Worldwide which invested in REP/G
Read moreAfrican Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:
Read moreLONDON, Jan 9 (Reuters) - UK business leaders, including Virgin Group founder Richard Branson and WPP chief executive Martin Sorrell, warned Prime Minister David Cameron in a letter to the Financial Times on Wednesday that he risks hurting Britain's businesses if he proposes to exit the European Uni
Read moreAdvertising agency WPP has started the new year where it left off, by buying another firm to add to Sir Martin Sorrell's ever-expanding empire. The firm said GroupM, WPP's global media investment management arm, had acquired a majority stake in PLAY Communication, a marketing agency based in Sydney
Read moreDefence companies competing for a 1.5bn-pound contract to replace Britain's military air traffic infrastructure will submit proposals over the next few days. Three teams including BAE Systems and Lockheed Martin are vying for the work, which will be undertaken over a period of 22 years. The contract
Read moreWunderman, the wholly-owned subsidiary of advertising and marketing giant WPP has acquired a majority stake in the Mexico-based digital marketing agency CM Interactive S.A. (Crossmedia) . Crossmedia's unaudited revenues for the year ending December 31st 2011 were over $5m with gross assets of over
Read moreWPP's operating company Wunderman has acquired a majority stake in Mayko Trading's Bienalto, a digital marketing and analytics consultancy in Sydney. Wunderman -- a leading global relationship marketing network with revenues of about $1bn -- said the investment reflected the group's commitment to
Read moreAn upgrade of Greece's credit rating and a better-than-expected reading of German sentiment saw European stock markets make impressive gains on Wednesday. Meanwhile, increasing optimism that US leaders can strike a deal to avert the 'fiscal cliff' was also continuing to bolster the bullish mood.
Read moreAdvertising and marketing services giant WPP has sold a freehold property at 285 Madison Avenue in New York for 189.25m dollars . The property has been the worldwide headquarters of Young & Rubicam Inc (Y&R), the global marketing communications company, since 1926 and was acquired as part of WPP'
Read moreUK stocks were making gains in early trading on Wednesday with sentiment being lifted by improving developments in Greece. Yesterday evening, S&P upgraded its rating for Greece from 'selective default' to 'B-minus'. The yield on a 10-year Greek bond was down 13 basis points at 12.7% this morning.
Read moreIncreasing optimism surrounding budget talks between US politicians may have helped the FTSE 100 come off its intraday low, but the index was stuck firmly in negative territory with markets remaining nervous ahead of the January 1st deadline. Without a deal, the $600bn in automatic spending cuts a
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