WPP Group revenues jumped by 24.5% in the nine months to 30 September as the company continued to benefit from the acquisition of Taylor Nelson Sofres last year. But among all WPP’s business categories, its research activities (which it now calls “consumer insight”) still showed the biggest decline in...
As anticipated, WPP Group’s results for the first half of 2009 tell a sorry tale with profits earned for shareholders slashed by almost 50% by comparison with the same period last year despite revenue growth of over 28% fuelled by the acquisition of Taylor Nelson Sofres (see WPP's half year results...
Chime Communications brought a little summer cheer to the stock market this morning when it announced a modest growth in profit for the six months to 30 June despite the economic gloom. Profit after tax attributable to Chime shareholders for the period was almost £5.8 million - up 9% on the same period...
As some observers make their first very tentative noises about economic recovery being on the horizon, most players in the marketing services sector are still looking for tangible evidence. Traditionally the stock market tends to anticipate the ups and downs of the economy by at least six months and...
CHI & Partners, now 49.9% owned by WPP Group, achieved a 93% increase in post-tax profit to £3.2 million for the year to 30 September 2008 on the back of a 44% increase in revenues. The group's operating profit margin climbed to 16.7%, an exceptionally healthy achievement in the current climate...
Tentative signs that the London stock market is stabilising may be drawn from the 8.4% rise in the FTSE All-Share Index during the month to 12 April. Among marketing services companies the share price movements were anything but consistent, although several companies experienced healthy price rises....
Interesting piece in the Wall Street Journal today about different units within WPP, from the creative and media side, competing against each other. The paper picks up on WPP's media buying network Mediaedge's move to branch out from buying online media to helping clients build internet marketing...
We've been sent a picture of Sir Martin Sorrell, the WPP chief executive, at the 2009 World Economic Forum in Davos with a St Bernard dog. Oh and an Obama beanie. This is a picture caption competition waiting to happen - please let's be having your suggestions. I should say, (as if you couldn't...
WPP's GroupM has reduced its forecast for headline UK internet ad growth dramatically from 20% to 4% for 2009. That's huge almost too huge. It does temper this by saying that some of the fall is due to a maturing internet market and not all is downturn related, but still. The radical predictions...
Writing in The Times today Sir Martin Sorrell makes his case for the economic bounce back coming sooner than other think (2009 he says) although the piece could have benefited from last minute editing regards India. The WPP chief executive plumps for 2009 as opposed to others saying 2010 or even 2011...
