Finance

Chinese buyers Alibaba and Tencent circle WPP

Could WPP be going Chinese? According to Sky News China’s Alibaba and Tencent (usually fierce rivals) and China Media Capital Holdings (backed by the Chinese government so important) are interested in taking minority stakes valued at up to £2bn in ...

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World Cup: Adidas edges Nike (and Spotify) in brand battle

The recent World Cup was, by most people’s estimates, a success and that was certainly the case for the brands scoring highly in digital agency DMS’ round-up here. Adidas will be pleased that it saw off Nike – just – ...

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Fallon makes rapid exit from Papa John’s in wake of Laundry Service $6m mystery

Client/agency relationships in adland are getting pretty messy and the Papa John’s saga in the US, where departed founder and CEO John Schnatter has accused Wasserman-owned full service agency Laundry Service of trying to extort six million dollars from the ...

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US healthcare car crash batters Publicis Groupe

Publicis growth turned negative in the second quarter of 2018 with a 2.1 per cent decline from a 1.68 per cent uptick in Q1 which CEO Arthur Sadoun blamed on a car crash in its US health sales representative business ...

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Investors take fright as Omnicom’s US problems continue

Omnicom Group is the latest ad holding company to frighten the stock market horses – following in the hoof prints of WPP – with its shares tumbling nearly ten per cent on Wall Street following disappointing second quarter earnings figures. ...

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Publicis Media bags another big one with Lenovo

Lenovo, now the world’s number one PC company with a booming PC gaming business and also Motorola, has appointed Publicis Media to handle its global account. Publicis is setting up bespoke unit Lenovo One Media formed from its Spark Foundry ...

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Sorrell opens up (a bit) about WPP exit and S4 plans

Another week another salvo in Sir Martin Sorrell’s PR fightback. This time he’s talking to the UK’s Press Association news agency saying of his unceremonious exit from WPP, the company he founded and built up over 33 years: “It’s been ...

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Publicis axes 100 at Razorfish – is the agency itself next?

A razorfish is a tasty long-shaped clam but Publicis Groupe seems to have lost its appetite for the agency of the same name it bought from Microsoft for $530m in 2009. In its latest manifestation Razorfish, once reckoned to be ...

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Is Sky really worth bidding frenzy of £30bn?

Britain’s Sky makes about £1bn a year profit fom its 23 million subscribers in the UK and Europe, bidder Comcast (currently in the lead with a £26bn offer to buy it) makes over $20bn from a similar number of subscribers ...

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