Archive for 2002

Paris Bourse makes Havas amend its accounts for 2001

French-based Havas Advertising has reduced its reported operating profit for 2001 from €233 million to €82 million ($72 million) after the Paris stock exchange requested that exceptional costs of... Read more

Aegis reports loss as research fails to pay

Aegis Group - the world’s biggest independent media buying group - has reported a £7 million loss for the year 2001 as its expensive investment into market research failed to generate any extra... Read more

Incepta Group in £2 million restructure as upturn hopes diminish

Hopes of a better second half year at Incepta Group were dashed by news of further cost savings and a restructuring charge of £2 million. The company said the recovery “will be slower to... Read more

Tax bill slows OneMonday recovery

The high-tech PR consultancy OneMonday Group suffered an abnormally high tax charge in its half-year to 31 January, wiping out all its profits and resulting in a £182,000 loss for the period. High... Read more

Interpublic $505m loss fulfils worst fears: market share dips

The mighty Interpublic Group of Companies suffered one of its biggest humiliations when it reported a loss of $505 million for the year to 31 December 2001 after writeoffs exceeded $1.1... Read more

Leagas Delaney Group lost £509,000 in year when Envoy offered to pay £25 million for it

Leagas Delaney Group - victim of lost clients, a lost buyer and now a lost chief executive - also lost £509,000 in the year to 31 December 2000, the year in which the Canadian Envoy Communications... Read more

Dentsu dissolves its Lord joint venture with Y&R

Dentsu and Young &Rubicam have dissolved their US joint venture which traded as The Lord Group and sold the business to Spier New... Read more

Aegis offsets Cordiant misery

A half-year profit from Aegis Group offset the financial misery experienced in the period by beleaguered Cordiant Communications Group (see table below). Aegis earned post-tax profits of... Read more

Ten Alps buys small as it pays £50,000 for Red Welly Studios

Ten Alps Communications, the publicly listed group that combines the former Osprey marketing services with broadcast communications, has paid just £50,000 to acquire a modest animation business Red... Read more

Gloomy profit predictions from Chime and WPP

WPP Group and Chime Communications have warned that revenue and profits for the current year are likely to fall short of earlier expectations, although Aegis Group is hoping for some revenue growth.... Read more