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WPP, the highly acquisitive media and advertising giant led by frontman Sir Martin Sorrell, has announced that Possible Worldwide, its interactive marketing agency, has acquired a majority stake in Fortune Cookie, a full service digital marketing services agency. Fortune, which specialises in prov
Read moreCity sources reckon that the FTSE 100 will open up by around 24 points today, as equity markets attempt to rebound following Monday's mass sell-off across the globe. The Footsie finished at 5,534 yesterday, its lowest closing level in nearly a month, after surging bond yields in Spain (on the back
Read moreWPP, the highly acquisitive media and advertising giant led by frontman Sir Martin Sorrell, has bought Germany-based digital agency, KKLD, as it attempts to expand its footprint further in digital media. KKLD, bought by WPP's German marketing services network Commarco for an undisclosed sum, will f
Read moreMedia giant WPP has made perhaps the least surprising announcement of the month by unveiling yet another acquisition, this time a majority stake in Acceleration Holdings in Guernsey and Acceleration eMarketing in South Africa, the holding companies of Acceleration, a marketing technology solutions g
Read moreMedia giant WPP, run by Si Martin Sorrell, has bought Chilean consumer insight group Cadem Advertising in an effort to expand its footprint in fast-growing markets. Cadem, acquired by WPP's brand, media and communications research subsidiary Millward Brown, was founded in 1997 and has served client
Read moreInvestec has hiked its target price for media and digital communications group Aegis from 195p to 240p to fall in line with the offer price by Japanese advertising agency Dentsu. Dentsu is offering 240p in cash for each Aegis share, a 50% premium on the day before the agreed bid announced. The offe
Read moreASOS: HSBC downgrades to neutral, target lifted from 1,780p to 1,950p. Avanti Communications: Jefferies reiterates buy rating and 600p target. Aviva: Morgan Stanley upgrades to overweight. Balfour Beatty: UBS downgrades to neutral, target cut from 340p to 310p. BTG: Jefferies downgrades from buy
Read moreWPP: JP Morgan upgrades to outperform from neutral. AMEC: BarCap raises target from 1,340p to 1,350p, underweight rating kept. ASOS: Peel Hunt keeps buy rating and 1,800p target. AstraZeneca: BarCap keeps equal weight rating. Betfair: Nomura cuts target from 1,070p to 946p, buy rating unchanged.
Read moreHighly acquisitive media giant WPP has announced that JWT, its wholly-owned advertising agency network, has acquired a majority equity stake in Activeark, a leading full service digital agency in Helsinki, Finland. The agency has operations in both the UK and India and employs more than 80 people.
Read moreWPP, the advertising world's answer to the Borg in Star Trek, has announced it second acquisition of the week, and this time it is a French agency that is to be assimilated. WPP's wholly-owned operating network Kantar has agreed to acquire 87% of the share capital of Press Index in France at a pri
Read moreThe most-used cheque-book in the City got another outing on Tuesday as acquisitive advertising conglomerate WPP strengthened its presence in Brazil. The group has acquired a 70% stake in Foster Informatica, a digital agency based in São Paulo, Brazil. The agency employs 50 people and numbers Monsan
Read more- Chinese, Japanese data comes in better than expected - RBS falls on Libor issues - Barclays Chairman resigns London's blue chips edged higher on Monday morning after manufacturing data in China and Japan boosted sentiment. China's purchasing managers' index (PMI) fell from 50.4 to 50.2 last mont
Read moreCity sources predict the FTSE 100 will open up six points from Friday's close of 5,571, tracking Asian stocks higher following a round of positive data in both China and Japan. Also boosting sentiment is the progress made at the EU summit held at the end of last week, at which a number of significan
Read moreHighly acquisitive media giant WPP has agreed to acquire the South Korean media planning and buying agency, Alchemedia, which will be merged into its GroupM Korea subsidiary. Alchemedia, founded in 2004 and based in Seoul, generated revenues of 1.4bn South Korean won (£0.78m) in 2011 and had gross
Read moreEver-growing advertising company WPP said it had taken full control of Frey G2, a shopper marketing company in Germany. WPP's subsidiary Grey Group previously had a 50% stake in Frey but has now bought the other half of the company for an unspecified amount. Following the deal, the company will be
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