Archive for 2008

Naked deal riddle:Aussies imply price multiple was below 7

Photon Group, the acquisitive publicly listed Australian marketing services business, is being coy about the multiple of historic profit before interest and tax (“EBIT”) it has paid as the... Read more

Loewy surprises with massive loss of £15 million in 2007

Loewy Group lost a massive £14.8 million in the year 2007, according to its accounts. Much of the loss arose from the accounting treatment of the group's ambitious acquisition programme and a... Read more

Creston share slide blamed on “market nervousness”

Shares in Creston slumped to 76.25p this month from a peak of 202.5p a year ago and are now below the 88.5p price at which they were traded when Don Elgie arrived to transform the former property... Read more

Engine passes on cost of Fuel

The £17.3 million purchase price paid by The Engine Group for direct marketing agency Partners Andrews Aldridge (“PAA”) and its associated company Fuel Data Strategies will be augmented by any... Read more

Charlie Hoult surrenders Loewy CEO role

Charlie Hoult's surrender of the chief executive's chair at Loewy Group on realisation that it is not his natural role in a 400-employee business leaves open the question of whether the decision was... Read more

Media Square debt steady despite loss

Media Square, the AIM listed marketing services group that has been reorganised by incoming executive chairman Roger Parry, incurred a loss of £25.6 million last year after incurring exceptional... Read more

GfK shareholders expect WPP to kill its TNS merger plan

The announcement on 3 June of terms for the planned merger between German research group GfK and the UK’s Taylor Nelson Sofres failed to ignite even a flicker of enthusiasm among GfK... Read more

Share prices on slide again

A serious shake-out could be in the offing among the weaker marketing services companies listed on the stock market following another sharp fall in the prices of some of them. Investors are likely... Read more

Hedge accounting hurts Next 15

A new accounting rule lopped £925,000 off the halfyear profit to 31 January at Next Fifteen Communications Group because the value of financial hedging arrangements in US and Euro currencies had... Read more

GfK acquires a minnow while pining for TNS

While grappling with the master plan to merge with Taylor Nelson Sofres, German research group GfK has spent a more modest sum acquiring control of the UKbased specialist researcher Chart-Track.... Read more