Archive for 2007

Loewy turns to US private equity to boost its acquisition war-chest

Loewy Group, the privately owned acquisitive marketing company headed by Charlie Hoult, has raised a further £12 million from US-based private-equity fund VSS Mezzanine Partners. The funding is... Read more

MDC’s bigger stake in CPB adds to heavy debt burden

MDC Partners, the heavily borrowed and loss-making Canadian marketing services group that is listed in Canada and on NASDAQ in the US, has added to its debt burden by acquiring a further 28% share... Read more

Aegis continues acquisition spree

Despite continuing to be stalked by businesses owned by Havas chairman Vincent Bolloré, Aegis Group seems undeterred in its search for new companies to acquire. Last month the group acquired... Read more

Sector shares at 3-year low

Marketing services sector share prices fell sharply in the six weeks from 12 October as the stock market became increasingly sceptical about the sector’s trading prospects in the wake of the global... Read more

Latest CHI figures suggest WPP deal worth no more than £20m

Recently filed accounts of Clemmow Hornby Inge (now renamed CHI & Partners) suggest that the sale of 49.9% of the company to WPP Group is unlikely to have fetched much more than £20 million despite... Read more

Cagney predicts a loss

Cagney, the AIM-listed group put together by chief executive Paul Simons early in 2006, expects to report a loss for the half year to 30 June 2007 after "investing heavily in the recruitment of... Read more

DMG reports a maiden loss but profit margins look promising

AIM-listed Digital Marketing Group has reported a £103,000 loss for its maiden trading period to 31 March 2007 under the management of Ben Langdon. Nevertheless, the group achieved a healthy... Read more

Walker Media cushions 17% profit decline at M&C Saatchi

Increased profits earned by Walker Media Holdings helped cushion a big reduction in profits earned by the rest of M&C Saatchi in the year to 31 December 2006. Despite the boost from Walker Media,... Read more

Engine buys Republic for £1.8m and then merges it with AS Biss

The Engine Group, where Peter Scott is the biggest shareholder, has spent £1.8 million to acquire the public relations consultancy Republic Communications and merge it with its existing subsidiary... Read more

MICE trapped by accounting errors and heavy borrowings

MICE Group, the stock market listed specialist in producing materials for event marketing, exhibitions, interiors and sales promotion expects to report another loss for the year to 28 February 2007... Read more