Archive for 2005

Media Square gets £8m price reduction on Incepta rejects

Media Square has persuaded Huntsworth to drop £8 million from its £63 million asking price for the 18 marketing services subsidiaries being acquired if shareholders approve the deal at the end of... Read more

WCRS re-engineered as a £13m acquisition vehicle

WCRS Group has been restructured with all the outward signs of a company planning to acquire other businesses, having bought out the residual 24.9% shareholding and loan notes from Havas subsidiary... Read more

Dentsu seeks more early retirements

Dentsu, the largest Japanese marketing services group, is seeking 100 early retirements from staff who have been employed for 15 years or more. The cost will be set against current year’s... Read more

New M&A book published for marketing/comms companies

Driving Successful M&A, a new guide written by Graham Beckett for companies looking to merge or be acquired will be published next month, price £25. Details from Results on 020 7629... Read more

No place for Mike Kirkham as Taylor Nelson goes outside for new chairman

Taylor Nelson Sofres’ former chief executive Mike Kirkham will be leaving the company later this year after losing out in the hunt for a new chairman. The board has appointed outsider... Read more

Taylor Nelson remains very highly geared

Publicly listed market research company Taylor Nelson Sofres continues to operate with an exceptionally high level of debt relative to shareholders’ funds ("gearing"), according to its latest... Read more

Interpublic fires fiddlers: £21m write-off at McCann

The Interpublic Group of Companies has fired a number of employees implicated in “falsified books and records, violation of laws, regulations and company policies, misappropriation of assets and... Read more

Shares: most move ahead

Share prices in the marketing services sector enjoyed their best improvement for some time in the month to 12 February. The MSFI Index climbed by nearly 8% to 68.6 (Jan 2001:100), helped by sizeable... Read more

Publicis 2004 revenue falls 1% as Havas drops by 9%

The declining value of the US dollar pushed down 2004 revenues at Publicis Groupe by 1% compared to 2003. At Havas the damage was far greater, with revenues down by 9.2%, but €129 million of... Read more

NMI lost £1.2 million before iPIX merger

New Media Industries - the AIM-listed group headed by Jon Summerill - lost another £1.2 million in the half year to 31 October 2004 before finalising the merger deal with image technology... Read more