Last night’s Media Week Awards at the Grosvenor proved yet again that no one parties like the media fraternity. While other ‘big’ awards have been, well, rather less big this year, Media Week’s annual bash was as large and as vibrant as ever, with more than 1,300 attendees representing media owners,...
The striking feature of yesterday's Fintellect report (see below) is not that eleven publicly listed marketing companies have suffered on average a 55% fall in profits between the first half of 2008 and the first half of 2009, but that many of those companies are presenting their results in a manner...
At first sight a 24.7% fall in operating profit is not good news, but at M&C Saatchi it could have been much worse if its balance sheet was not relatively strong. Indeed the reasons for the decline announced last week were predictable and not life-threatening. The group lost revenue because of the...
We're delighted to see our great friend and fellow blogger Steve Henry has taken up a non exec post at Albion . Steve joins Mandy Pooler on Albion's board. Mandy is a dear friend of ours too. Not to mention one of the greatest names in media. Years ago when Mandy and Robert both worked at WPP...
Today's announcement that Aegis Group's chief financial officer Alicja Lesniak will be leaving the company in October is the latest of the moves made by part-time chairman and interim chief executive John Napier to "complete the major part of the reorganisation of the Aegis Board" since...
If yesterday's fall in WPP's share price was the result of an advance leak to analysts of the group's half year results to be announced next month, it should come as no great surprise. The group had already acknowledged that revenues were behind expectations and margins were under pressure...
Not much evidence that the small matter of a global recession is affecting the fortunes or lifestyle choices of the Jupiter Drawing Room, South Africa. The two-agency brand, which became part of WPP this year, and is headed by the fastidious and fiercely English Graham Warsop, has brought an 18-strong...
WPP seems so far to have avoided the consequences of the US car-makers' bankruptcies - or is keeping very quiet about it - but of the three other major global marketing groups affected the Interpublic Group seems to have been fairly well prepared. The group escaped exposure to the Chrysler collapse...
WPP Group shareholders learned today that its pre-tax profit for the first four months of 2009 has been caught in a pincer movement between revenue shortfalls and cost increases. In particular the timing of the Taylor Nelson Sofres acquisition is proving to be less than beneficial as the group struggles...
The Mission Marketing Group has successfully completed negotiations with its bankers and former shareholders of acquired companies on the restructuring of its borrowings (see Mission facing funding challenge ), but will be paying its bankers fees that will wipe out the expected cash flow benefit of its...
