This morning Aegis Group produced another trading statement that is the nearest thing to gobbledegook that a shareholder could ask for. The company summarised several paragraphs of random data with the words: “The results after nine months’ trading allow us to reconfirm the guidance given at the half...
Cossette, the Canadian listed marketing group under siege from a company headed by its co-founder and former vice chairman François Duffar, is recommending its shareholders to support an alternative offer from the US private equity investment firm Mill Road Capital. The alternative offer amounts to Canadian...
Dentsu, the biggest listed Japanese marketing group, is to merge all it digital business resources under one umbrella company to be called Dentsu Digital Holdings (DDH) that will operate as a single digital agency. The move reflects a change in strategy that the company says will “constructively eliminate...
Dentsu, the leading Japanese listed marketing group, surprised the industry this morning by upgrading its profit forecast for the year to 31 March 2010 by 44% from ¥11.4 million (£76 million) to ¥16.4 million (£110 million). The increased profit is expected despite a continuing decline in revenues. ...
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...
Publicis Groupe was able to restrict its revenue decline to 2.3% in the first nine months of 2009 with the help of a €130 million windfall from favourable currency movements and a sizeable contribution from its digital activities. But despite positive noises about future prospects, Publicis revenues...
MDC Partners, the Canadian listed marketing group that owns Crispin Porter & Bogusky, announced on Saturday (23 October) that it had successfully raised US$225 million in the form of senior unsecured notes repayable in 2016 and also entered into a new 5-year US$75 million revolving credit facility...
Favourable currency movements helped reduced the fall in revenue at the French-based global marketing group Havas for the nine months to 30 September. Revenues were E 1.026 billion - a fall of 8.2% from the corresponding period last year, much less than the 15.4% fall experienced by Omnicom Group. However...
The publicly listed European digital marketing and technology group LBi International reported a surprisingly disappointing performance for the third quarter of 2009 and year to date. Sales were down by 15.2% (or 13.2% after excluding adverse currency movements) for the nine months and operating profits...
Movements in currency exchange rates continued to eat into profits earned by Omnicom from the United Kingdom and continental Europe as the group today revealed a continuing double digit fall in revenues and profits for the third quarter and for the year to date. Roughly 40% of the $165 million fall in...
