Archive for 2005

£6m write-offs preceded Red Cell Response revamp

WPP Group has written off £6.1 million of the £7.2 million purchase price it paid for the Marketing Perspectives sales promotion business that subsequently evolved into Red Cell Response and was... Read more

Interpublic’s shares slide down further

The Interpublic Group of Companies’ share price slipped below $11 to a 12- month low on the news that it plans to raise another $525 million in 5.25% convertible preferred stock. The... Read more

Cello’s latest bid prices assume past profits hit by big rewards

The initial purchase prices being paid by AIM-listed marketing services company Cello Group to acquire Windsor based Leapfrog Research & Planning and Beaconsfield-based The Value Engineers assume... Read more

Huntsworth to sell non-core businesses to Media Square

The half-year results of listed UK marketing services companies were overshadowed by news that Media Square is planning to buy 16 noncore businesses from the Huntsworth public relations group for... Read more

Page bequest of loss to a second PLC

Alan Page - rumoured in 2002 to be trying to put together an offer for ailing Cordiant Communications Group - left the board of AIM-listed NWD Group in April this year after the company had lost... Read more

Research still a brake on profit at Aegis Group

Preliminary results from Aegis Group confirmed another year of poor returns on the group’s investment in its Synovate research division. While revenues from this source expanded by 24.4%... Read more

Prospects improving

Trading performance "comfortably in line with market expectations" was reported by two publicly listed public relations consultancies as they approached the publication date for their financial... Read more

Acquisitive groups whose balance sheets are most vulnerable

With acquisition activity running at a high level again, we take our second annual look at the extent to which publicly listed groups’ capital is exposed to goodwill write-offs and high debt. Most... Read more

Japanese profits rise

Dentsu’s profit before extraordinary items, tax and minority interests rose by 25.7% to ¥59,265 million in the year to 31 March 2005, while Hakuhodo DY Holdings enjoyed a 26.9% increase to... Read more

Aegis cautious about profits for first half

Aegis Group is expecting first half profits to be hit by higher interest costs and for more of the year’s profits to be deferred until the second half. Results for the first five months were “in... Read more