Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
BEST OF THE BROKERS October 19, 2011 WPP UBS rates the advertising giant as “neutral” with a target price of 620p, after this week’s digital investor day gave a positive outlook on the company’s longer-term strategy. The broker says the revenue opportunities for providing a wider variety of higher value services are very clear, but could come at a cost through staff [...]
BEST OF THE BROKERS October 19, 2011 WPP UBS rates the advertising giant as “neutral” with a target price of 620p, after this week’s digital investor day gave a positive outlook on the company’s longer-term strategy. The broker says the revenue opportunities for providing a wider variety of higher value services are very clear, but could come at a cost through staff [...]
WPP boss looks to mobile future for the ad industry October 18, 2011 SIR Martin Sorrell yesterday laid out his vision for the future of the advertising industry, stressing the importance of social media and the shift to emerging markets. He also said mobile advertising is an increasingly vital part of the industry, with the number of smartphones expected to increase to 2bn in the next five years. However, WPP’s [...]
FTSE rises as miners gain and euro hope pushes bank stock October 12, 2011 STRONG miners and banks boosted Britain’s top shares yesterday, keeping the index on an upward tilt, underpinned by progress in tackling the Eurozone sovereign debt crisis and recent upbeat US data. The mood, already elevated by hopes European leaders will unveil new measures to solve the crisis by the month’s end, was further lifted when [...]
FTSE flat after Slovak vote blow October 12, 2011 The FTSE 100 was flat this morning after Slovak lawmakers rejected a plan to expand the Eurozone rescue fund and the US earnings season kicked off with disappointing results. Slovakia’s decision rattled world markets as the plan — which would see Greece saved from economic abyss through new loans — is central to hopes that [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 22, 2011 FINANCIAL TIMES EU TO SPEED RECAPITALISATION OF 16 BANKS European officials look set to speed up plans to recapitalise the 16 banks that came close to failing last summer’s pan-EU stress tests as part of a co-ordinated effort to reassure the markets about the strength of the 27-nation bloc’s banking sector. A senior French official [...]
MEET THE JUDGES September 21, 2011 ALLISTER HEATH | CITY A.M. Allister joined City A.M. as editor in early 2008. He chaired our panel of judges. SIR MARTIN SORRELL WPP Sir Martin is the co-founder and chief executive of WPP, the world’s largest communications company. SIMON MACKENZIE-SMITH BANK OF AMERICA MERRILL LYNCH Simon is chairman of UK & Ireland corporate and [...]
WPP trading in line September 16, 2011 Advertising giant WPP said trading in August was in line with the first seven months of the year despite the tough economic climate. Chief executive Martin Sorrell gave an upbeat view of the company’s performance at a Royal Television Society conference. The company said like-for-like sales were up 5.9 per cent for the period January [...]
WPP trading in line September 16, 2011 Advertising giant WPP said trading in August was in line with the first seven months of the year despite the tough economic climate. Chief executive Martin Sorrell gave an upbeat view of the company’s performance at a Royal Television Society conference. The company said like-for-like sales were up 5.9 per cent for the period January [...]
Ad giant WPP snaps up yet another firm September 7, 2011 THE WPP acquisition drive continued yesterday with the purchase of consultancy group Global Market Insite (GMI). The media group acquired the stock of Washington-based GMI, a provider of online panels to the market research industry, through its wholly-owned Kantar business. GMI had revenues of $64m (£40m) last year. The deal marks WPP’s twelfth acquisition this [...]