Finance

WPP’s Possible Worldwide buys Germany’s Conrad Caine

WPP’s growing Possible Worldwide network of digital agencies has bought a majority stake in Germany’s Conrad Caine, based in Munich with offices in Argentina and Brazil. Founded in 1998, Conrad Caine employs 140 people in Munich with revenues of €8.5m. ...

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WPP’s Sorrell offers a chilly perspective from Davos

The world’s supposed great and good are gathered in Davis – as are Bono and Will.i.am, yawn – in circumstances that are hardly propitious. Shares around the world are still falling and doubts grow daily about the rate of growth ...

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Guardian faces dismal future without radical surgery

The Financial Times reckons the Guardian newspaper “burnt through” more than £70m in cash last year, which will lead to an attempt to cut costs by £50m over the next three years. And its biggest cost is people. Cutting headcount ...

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