Archive for 2004

Why Grey is just possibly worth $1bn

The US stock market seems adamant that Grey Global Group will fetch over $1 billion on sale, as the share price held firm above $880 during most of August. Yet even on the back of better half-year... Read more

Signs of growing recovery as WPP faces margin fight

All four public companies that have reported their results for 2003 showed a healthy profit improvement over the previous year. Operating profit margins in aggregate were up from 12.8% to 13.6%... Read more

Too small to succeed, so Mitchell Patterson shuts doors

The decision by advertising agency Mitchell Patterson Grime Mitchell to close down while still in the black follows a disappointing break-even year in 2002 and a so-far unpublished result for... Read more

NMI bolsters capital by £1.5m and almost avoids half-year loss

Having lost £3.4 million in the year to 30 April 2003 and parted company with its former finance director Gabriel Behr, New Media Industries reported a much reduced post-tax loss of £163,000 for... Read more

French groups repair their balance sheets

French multinational Havas is raising substantial extra share capital and Publicis Groupe is rearranging its balance sheet to reduce the substantial debt burdens they have built up and related... Read more

Sector shares in 7.6% fall while FTSE is steady

Shares in marketing services companies fell by 7.6% between 12 July and 12 August while the FTSE 100 index fell by only one-tenth of that amount. The MSFI Index fell to 52 (January 2001: 100)... Read more

Tri-Direct and Accord at top of this year’s financial credentials league table

Only two of the 50 largest privately-owned marketing services groups in the UK scored the maximum number of eight “plums” in this year’s survey of financial credentials carried out by Marketing... Read more

Revitalised ‘shell’ public companies lead the way with big growth in profits

Publicly quoted marketing services groups being built up within previously run-down “shell” companies have been enjoying substantial growth compared to more established... Read more

Media Square profits after spending only £834,000 on six firms

Media Square – the AIM-listed group that has been substantially restructured in recent months – returned to profit and achieved a modest operating margin of 5.8% for the year to 31 October 2003.... Read more

Band & Brown worth initial £4m?

The sale of PR agency The Band & Brown Group to the Canadian quoted Cossette Communications Group this month may have fetched about £4 million for founders Nick Band and Gill Brown, and key... Read more