Archive for 2007

Weaker balance sheets face test as share prices slide

Share prices of many companies in the marketing services sector have so far withstood much of the impact of the slide in the FTSE All-Share Index that followed fears that corporate lending was... Read more

WPP takes a gamble by buying just 49.9% of CHI

As anticipated, Clemmow Hornby Inge has succeeded in attracting an alternative investor in the shape of WPP Group after breaking off its long-running, but unrewarding courtship with Havas (Marketing... Read more

WPP’s profit growth beats Omnicom and Publicis

Among the major global groups, WPP Group achieved the biggest percentage growth in post-tax profit and earnings per share in 2006. The performance was doubtless helped by including the first full... Read more

Publicis profits stall as it faces Digitas absorption costs

Publicis Groupe has announced an unexpected standstill in profit performance and confirmed earlier predictions that the absorption of its Digitas acquisition will hit profits for the full year (see... Read more

Cello makes a further investment in healthcare sector

AIM-listed Cello Group has added the modest sized healthcare marketing agency The MSI Consultancy to its portfolio of companies. The deal put £1.3 million cash into the pockets of each of the... Read more

Creston ties up search deal with Latitude

Creston has entered into a partnership agreement with Warrington-based Latitude Group for the provision of pay-per-click and search engine internet marketing facilities to clients of operating... Read more

…Index slips further behind

The Marketing Services Financial Intelligence (MSFI) Index fell back 3.5% to 69.2 (January 2001:100) during the month to 12 March reversing much of the previous month’s im-provement and leaving it... Read more

TNS gearing rises as profits fall

Restructuring costs at the listed market research business Taylor Nelson Sofres prompted a fall of 29% in post-tax profits last year after problems in the US and other costs took their... Read more

Cello limits its risk by buying 76% of cchm:ping group for £950,000

AIM-listed Cello Group has added the financial advertising agency cchm:ping to its portfolio of companies for a low risk initial outlay of £950,000. In the year to 30 September 2006 cchm:ping... Read more

Share schemes lop 1% off profit margins

Operating profits have been reduced by as much as 8% by the recently introduced accounting rules that require companies to charge against profits the benefit provided to employees under share... Read more