Archive for 2001

Why paying £349 million for Tempus Group was a bid too far for WPP

Questions are being asked about whether WPP Group’s desire to extricate itself from its £349 million bid for media agency Tempus Group was driven more by concerns about how the deal might... Read more

Bitter sweetener for Publicis in Saatchi deal

Former shareholders in Saatchi & Saatchi who have chosen to retain the Publicis shares they received following the merger will be nursing a 14.5% fall in value measured in euro although, thanks... Read more

IPG facing full year loss while Omnicom maintains growth

The Interpublic Group of Companies has doubled its predicted write-offs for the year to a staggering $900 million after reporting a first half loss of $139 million. A loss for the full year is now a... Read more

Leagas Delaney merger deal close to collapse?

As we went to press Envoy Communications Group declined to comment on rumours that its plan to acquire Leagas Delaney Group had collapsed following Leagas’ disappointing profit record and the slump... Read more

Incepta bails out Karen Earl loss at Redmandarin

Incepta Group has acquired two associated sponsoring consultancies Karen Earl and Redmandarin in a deal that has enabled Karen Earl to recover loans made to fund initial losses at... Read more

Ingram shares valued at £62 million as Havas puts Tempus on 36 multiple

Tempus Group founder Chris Ingram would collect cash and shares worth about £62 million if the takeover bid by the French group Havas Advertising goes ahead. And a higher counterbid from 20%... Read more

Publicis and Havas profit slashed by two-thirds under US reporting rules

Profits reported by French marketing services groups Publicis and Havas Advertising for 2000 would have been slashed by more than two-thirds if they had complied with US accounting rules. Publicis’... Read more

Rudd cashes in as Finsbury and Communique join WPP

Roland Rudd, founder of financial PR consultancy Finsbury, earned an average of almost £1 million in each of the last two years before cashing in on his good fortune with a sale of the business to... Read more

Cordiant’s profit jump masks low return on buys

Cordiant Communications Group’s excellent 83% improvement in operating profits camouflages disappointing initial returns on last year’s acquisition spree. Operating profits derived... Read more

New Media Industries shares slide 21% after AIM debut

Shares in New Media Industries (NMI) - introduced to the Alternative Investment Market (AIM) on 11 April - had fallen 21% to 8p by 30 June, reflecting increasing concerns about the marketing... Read more