Posts Tagged ‘WPP’

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 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 13th Feb 2019, 22:50

Sector share prices: 12 February 2019

Prices of shares in most publicly traded marketing services companies made modest progress in the month to 12 February as the FTSE All-Share Index improved by 2.79%.  Nevertheless, the... Read more
Published 11th Feb 2019, 16:55

Spring cleaning time for the big groups?

Recent attempts by Publicis Groupe to shed some of its “non-core” businesses came hard on the heels of similar initiatives at WPP.  Is this simply a seasonal spring cleaning by new chief... Read more
Published 1st Feb 2019, 23:30

WPP’s Paul Richardson gives formal notice of retirement in January 2020

WPP’s long serving group finance director Paul Richardson has formally confirmed his intention to retire and leave the board on 31 January 2020. WPP had already reported last October that... Read more
Published 29th Jan 2019, 13:05

WPP confirms Sorrell is repaying personal expenses

WPP has confirmed that its founder and former chief executive Sir Martin Sorrell has been asked to repay various expenses incurred by him that were allegedly related to personal or family... Read more
Published 12th Jan 2019, 18:11

Sector share prices: 12 January 2019

Shares in most publicly listed marketing services companies showed very little movement over the Christmas period and the overall mood was fairly subdued.  The sector’s MSFI Index eased by... Read more
Published 11th Jan 2019, 09:19

Bids and Deals: January 2019

WPP has agreed to sell its minority stake in French public affairs consultancy Richard Attias & Associates to existing shareholders…reach4entertainment enterprises has agreed to acquire 50% of... Read more
Published 26th Dec 2018, 20:09

Happy Christmas for MightyHive shareholders

Shareholders in the US media consultancy MightyHive enjoyed a bumper Christmas present when Sir Martin Sorrell’s S4 Capital completed the £118 million ($150 million) purchase on Christmas Eve and... Read more