Advertising agency WPP announced on Wednesday that its GroupM operating company has bought New Zealand-based media agency Chemistry Media for an undisclosed sum. Chemistry Media is a media planning and buying agency with operations in Auckland and Wellington. Its key clients include Bank of New Zeal
Read moreAdvertising and PR giant WPP has reached an agreement to acquire a "significant" minority stake in German independent agent Hirschen Group GmbH for an undisclosed amount. The FTSE 100 group said its J Walter Thompson agency will partner with Hirschen following the acquisition, adding that existing t
Read more** Publicis falls 1.8 pct after Credit Suisse cuts to "neutral" from "outperform" ** Broker concerned about number of account reviews (i.e. clients looking to move advertising accounts away) underway in the sector, with Publicis more exposed than peer WPP ** Prefers WPP for number of
Read more(Adds shareholder and executive comments) By Paul Sandle LONDON, June 9 (Reuters) - Martin Sorrell, boss of the world's biggest advertising group WPP, saw off another shareholder revolt over his 43 million pound ($65.7 million) pay package at the company's annual meeting on Tuesday.Read more
(Adds background, comment) LONDON, June 9 (Reuters) - Martin Sorrell, the boss of the world's biggest advertising group WPP, saw off another shareholder revolt over his pay, when only 22 percent of investors refused to back his 43 million pound ($65.73 million) package at the company's annu
Read moreAdvertising agency WPP posted an 8% rise in revenue to £3.78bn for the first four months of the year, although the company cautioned that it looks set to be "another demanding year" and pointed to a possible 'Brexit' and US interest-rate hike as risks. Revenue in constant currency was up 7.1%, refle
Read moreLONDON, June 9 (Reuters) - Around 22 percent of WPP investors failed to back the 43 million pounds ($66 million) pay package of Chief Executive Martin Sorrell at the company's annual meeting on Tuesday, in the latest showdown over the high-profile boss's remuneration. The event has sparked
Read more