Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
WPP acquires stake in Japan’s DAC digital agency August 30, 2011 SIR Martin Sorrell’s WPP yesterday continued its blistering acquisition drive with a bid for a stake in Japanese digital advertising agency DA Consortium. WPP has made an offer for Tokyo-based ADK’s approximately 24 per cent stake in the highly-rated agency. The offer is understood to be in the region of $43m (£26m). The deal is [...]
WPP surges but warns of a tough 2012 August 24, 2011 SIR MARTIN Sorrell’s WPP yesterday reported a 37 per cent surge in pre-tax profits but said it expects to feel the impact of the economic slowdown next year. Investors were not deterred though, with its stock soaring 7.4 per cent, recouping some of the losses suffered this year. Its first half results, which saw sales [...]
THE LUVVY RECOVERY August 24, 2011 Sir Martin Sorrell, the chief executive of WPP, yesterday said that the LuVVy-shaped recovery was still on track, but warned that it had been “battered” by recent turmoil, writes David Crow. Sir Martin’s recovery analogies have been closely-watched ever since he predicted a “bath-shaped” advertising downturn in 2002. So what does he mean by a [...]
THE LUVVY RECOVERY August 24, 2011 Sir Martin Sorrell, the chief executive of WPP, yesterday said that the LuVVy-shaped recovery was still on track, but warned that it had been “battered” by recent turmoil, writes David Crow. Sir Martin’s recovery analogies have been closely-watched ever since he predicted a “bath-shaped” advertising downturn in 2002. So what does he mean by a [...]
Miners and energy firms push FTSE to week’s highest close August 24, 2011 Strong miners and energy stocks helped drive Britain’s top share index to its highest close in a week yesterday in choppy trade as investors jostled for position ahead of a speech by Federal Reserve Chairman Ben Bernanke on Friday. Traders pointed to continued speculation that the Fed could unveil a further round of US quantitative [...]
FTSE steady but drinks industry takes a hit August 24, 2011 THE FTSE edged up on opening but investors remained jittery ahead of a key Fed meeting on Friday and a string of company results – particularly in the beverage industry – which showed weak consumer demand. US Federal Reserve Chairman Ben Bernanke is set to make a key speech at an annual central bank conference [...]
WPP first half in line with forecasts August 24, 2011 WPP, the world’s largest advertising group, said it would plan for 2012 on a conservative basis, although strength in emerging markets has so far helped it to post seven-month growth broadly in line with its annual forecast. The firm, led by Martin Sorrell, said its like-for-like sales were up 6.1 per cent in the first [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 22, 2011 FINANCIAL TIMES JONATHAN SORRELL TO JOIN MAN Jonathan Sorrell, one of Goldman Sachs’ top bankers and the son of Sir Martin Sorrell, chief executive of the advertising group WPP, is to join Man Group as a senior executive at the hedge fund manager. Sorrell, 33, who is among the best-known figures in the hedge fund [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 22, 2011 FINANCIAL TIMES JONATHAN SORRELL TO JOIN MAN Jonathan Sorrell, one of Goldman Sachs’ top bankers and the son of Sir Martin Sorrell, chief executive of the advertising group WPP, is to join Man Group as a senior executive at the hedge fund manager. Sorrell, 33, who is among the best-known figures in the hedge fund [...]
Social network your way into a new career August 17, 2011 TECH gurus everywhere were shaking with excitement when Google’s answer to Facebook, Twitter and LinkedIn was launched earlier this year. Google Plus hopes to carve out its niche by giving users greater control over who sees what information. This could make it very popular. Stories like that of the jobseeker who tweeted: “Cisco just offered [...]