** WPP rally running out of steam with some traders looking to short after stock fails to break recent highs ** Relative strength stuck in a downtrend YTD despite a 15 pct rise in shares, resistance at 1589p. Chart: http://link.reuters.com/jav74w ** Sell-side overwhelmingly skewed to
Read moreAdvertising giant WPP has acquired a majority stake in sports marketing agency Two Circles. Following the deal, the London-based agency will become part of ESP Properties, the new sport rights agency launched by GroupM, WPP's media-buying arm. In a statement released on Tuesday, WPP said Two Circle
Read more** Tesco hits 2.5-wk highs following weekend press reports that a bidding war could be in store for Dunnhumby, the customer data specialist behind its Clubcard loyalty scheme ** Consumer research giant Nielsen is poised to enter the 2 bln pound auction for Dunnhumby, the Sunday Times report
Read moreSteer clear of UK equities even beyond the election, despite their recent underperformance, said Societe Generale in a research note on Thursday. The bank cited three key reasons why the market is unattractive, the first being fading growth momentum. SocGen pointed out that the UK economy delivered
Read more"Panicking pensioners queued at banks, raided their accounts and broke into a board meeting of the state pension fund yesterday as Greece struggled to pay its two million pension recipients," The Times writes. Labour leader Ed Miliband has ruled out a coalition with the Scottish National Party, sayi
Read more-- Source link: (http://on.ft.com/1JVseRz) -- Note: Reuters has not verified this story and does not vouch for its accuracy
Read moreApril 28 (Reuters) - Lifestyle and fashion media company Refinery29 said on Tuesday it raised $50 million in a funding round that included backers Scripps Networks Interactive and ad agency WPP. The latest influx increases Refinery29's total funding to $80 million from previous investors i
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