Archive for 2019

Published 22nd Mar 2019, 18:12

A Freudian slip?

On Tuesday this week the public relations group Freud 3.0, of which Matthew Freud is the sole director and shareholder, filed its late and latest accounts for the year ended 31 December 2017 (yes,... Read more
Published 22nd Mar 2019, 12:35

Cello increases profit by 187% and enhances cash reserves

As anticipated, AIM listed Cello Health achieved a 187% increase in post-tax profit to £6.6 million for the year to 31 December 2018, but abnormal charges proved higher than predicted. Apart... Read more
Published 19th Mar 2019, 18:41

Sorrell’s new venture lost £8.1m in first trading period: balance sheet strong

Sir Martin Sorrell’s new marketing venture S4 Capital lost £8.1 million in its opening trading period to 31 December 2018, or perhaps not. Announcing its results yesterday, the company explained... Read more
Published 17th Mar 2019, 14:56

Stagwell throws $100m lifeline to MDC after further $133m loss

Stagwell Group, the US investment fund headed by former Burson Marsteller chief executive Mark Penn – has invested $100 million in the Canadian loss-making group MDC Partners.  Penn will become... Read more
Published 6th Mar 2019, 15:58

Huntsworth’s post-tax profit leaps by 35.9% as Mapp retires

Huntsworth, the stock market listed international healthcare communications and public relations group, increased the post-tax profit available to its shareholders by 35.9% in 2018 and increased its... Read more
Published 6th Mar 2019, 14:14

Matomy Media backer puts own man into CEO role

Sami Totah has assumed the role of interim chief executive of the AIM listed Israeli digital advertising sales business Matomy Media Group following the financial restructuring that was approved last... Read more
Published 1st Mar 2019, 20:36

Marketing Services Financial Intelligence closing

On 31 January we announced that an approach had been received by a party expressing interest in taking over publication of Marketing Services Financial Intelligence and thereby avoiding closure. ... Read more
Published 1st Mar 2019, 19:21

WPP reports “strong interest” in Kantar as group profit falls by 41.5%

WPP said today that there had been “strong interest” from parties interested in investing in its Kantar market research division as the group revealed a 41.5% fall in post-tax profit and a 2.6%... Read more
Published 28th Feb 2019, 19:50

WPP to redeem £200m debt prematurely

WPP appears eager to reduce the cost of its borrowings as today it offered to redeem £200 million in guarantee bonds prematurely. The bonds carry an interest rate of 6.375% and were scheduled to... Read more
Published 28th Feb 2019, 16:12

Underperforming acquisitions convert Iris loss in 2017 to profit

Iris Worldwide Holdings, the digital agency acquired by Korean based Cheil Worldwide in 2014 (see Iris turns to Cheil to replace Meredith funding), suffered a 60% fall in operating profit in 2017 and... Read more