Print Published 14th Jul 2017, 09:32

Sector share prices: 12 July 2017

MSFI Index 12Jul17

Shares in marketing services groups followed the overall downward trend of the stock market in the month to 12 July as the sector’s MSFI Index lost 2.08% of its value.   In the same period the FTSE All-Share Index slipped by 1.37%.

Against an unsettled economic and political backcloth, half of the companies in the sector saw their share prices rise while the other half saw them fall.

Shares in St Ives experienced the biggest upward movement of 35.9% after announcing a much improved performance in the first four months of the year and the initiation of a strategic review that is often code for seeking a buyer (see St Ives still reviewing options for sales promotion and books businesses).

Shares in Huntsworth also rose by 14.4%, continuing their upward trend following a bullish trading update and despite the sale of shares by its former Chinese backer BlueFocus Communications Group (see Huntsworth expects 2017 adjusted profit to exceed £19.3m).

Shares that lost value of 5% or more in the month were those of Be Heard Group (down 11%), Ebiquity (down 7.1%), dotDigital Group (down 6.8%) and WPP (down 6.3% after announcing a rationalisation of its media buying networks – see WPP rationalises media networks and boosts Essence offeringand as the world awaits news of how its profits have been affected by the recent cyber attack – see Some WPP companies still suffering from cyber attack).

sector share prices 12Jul17