Archive for 2008

Sector share fall continues

Shares in marketing services companies continued their slide during the month to 12 February and the gap between the performance of the FTSE All-Share Index and the sector’s MSFI Index widened... Read more

Williamson exits Bounty with a pile of cash

Simon Williamson, the man who lead the buyout of baby products marketing business Bounty Group from Havas in 2004, has left the company following its sale to Canadian group Kaboose. Williamson is... Read more

Smithfield tops awards for best financial creds

Financial communications business Smithfield Consultants has come top of our review of the financial credentials of privately-owned marketing services companies this year. As the repercussions of... Read more

WPP likely to win TNS bid

WPP Group's hostile takeover bid for debt-laden Taylor Nelson Sofres seems likely to succeed, despite the substantial fall in the share prices of both companies since the offer was made. By last... Read more

Marketing services sector alienated by stockmarket

The damage caused by the credit crunch and collapsing stock markets may be universal, but the impact on UK public companies in the marketing services industry looks likely to be particularly... Read more

M&C Saatchi’s results expose inconsistency in new accounts rules

The recently published results of M&C Saatchi highlight a bizarre inconsistency created by newly introduced accounting rules affecting acquisitions. The company's reported post-tax profit of £2... Read more

Thomson Intermedia in accounts controversy

Questionable past accounting practices have been highlighted by the £1 million loss reported by AIM-listed Thomson Intermedia for the half year to 31 October 2007. Last month’s announcement sent... Read more

MDC Partners still continuing its precarious balancing act

MDC Partners, the Canadian based parent of Crispin Porter & Bogusky, reported another big loss of $US 26.4 million for 2007 and continued to be heavily borrowed. Net borrowings stood at $157... Read more

“Secret” private equity buyer of Gyro puts Bell on board

The latest private equity investor in UK business-to-business marketing group Gyro International has nominated several famous marketing names to join the UK company's board. Among them is retired... Read more

WPP challenged by TNS financing costs and economic gloom

Fears about the economy and the cost of financing the acquisition of Taylor Nelson Sofres have driven WPP Group’s share price down to its lowest level in the present decade, sinking even lower than... Read more