Archive for 2004

Taylor Nelson’s divi slimly covered

Taylor Nelson Sofres has declared a dividend of £4.8 million out of the post-tax profits of just £5.7 million reported for the first half of the year. Despite a 46% leap in turnover... Read more

How creditworthy are the media buyers?

Most of the current credit recognition problems revolve around UK subsidiaries of global groups, as the large independents now pass the tests and most smaller ones have delivered a satisfactory... Read more

Chime bolsters balance sheet in response to loss

Publicly listed Chime Communications has raised £18.5 million of new capital, increasing the number of shares in issue by 29%, to reduce its net borrowings to a more manageable level after reporting... Read more

Interpublic refinances its debt

Weighed down with accumulated losses, The Interpublic Group of Companies has refinanced some $600 million of debt that was due to mature in 2005 and 2006. Without the refinancing the group’s... Read more

Weak dollar aids Omnicom’s war with WPP, but margins suffer

The weak dollar helped the world leader Omnicom Group maintain its revenue growth ahead of WPP Group for the nine months to 30 September 2004, but its operating profit margin has slipped to 11.8%... Read more

Grey closes in on Havas’ first-half revenue

Havas suffered further humiliation in the first half of 2004 when revenues slipped by 10.3% and Grey Global Group dramatically closed the gap with a 14.6% growth rate. Havas’ tentative... Read more

Delaney may fall foul of the law by trading with a similar name

The formation of a new Leagas Delaney company trading under a name similar to its predecessor could cause a director to become personally liable for the debts incurred by the new company, according... Read more

TNS tops balance sheet vulnerability list

International research group Taylor Balance sheet vulnerability scores Nelson Sofres has topped the Marketing Services Financial Intelligence league table for balance sheet vulnerability following... Read more

Saatchi’s second coming

In the late nineteen seventies Charles and Maurice Saatchi were the darlings of the stock market as their first advertising agency Saatchi & Saatchi Company gobbled up the world. Then it went... Read more

Havas banks £7m cash from selling two of its PR cast-offs to Huntsworth

Financially stretched Havas will collect about £7 million in cash and £4 million in shares from selling two public relations businesses - Grayling Group and Hudson Sandler - to Huntsworth, and... Read more