Finance

It’s been quite a while since France’s Havas was seen as a buyer not a seller in the ad market but things are changing. Vincent Bollore (left) has increased the family holding company’s stake in the marcoms group from 36.2 ...

The US economy is once again leading the world; outperforming every other Western economy – and most in the world outside. But two of its bellwether companies – Coca-Cola and McDonald’s – most assuredly are not. These are two of ...

The New Year always brings pain for some retailers – they have to pay the next quarter’s rent in advance and bad Christmas trading means they often can’t – but this year it’s looking a bit more personal. Morrisons, currently ...

Havas Media Group is launching LuxHub, a global consulting business specialising in luxury brands. Luxhub will be based in Milan with outposts in London, Paris, New York and Dubai. It plans to open in Shanghai, Frankfurt, Hong Kong, Tokyo and ...

Something seems to be going on Interpublic, the world’s fourth-largest marcoms group, with traders closing short positions (the expectation that the share price will fall) and betting on further rises. The shares are currently trading at just above $20 (IPG ...

So far so good for new Tesco CEO Dave Lewis. ‘Drastic Dave’ was true to form today, announcing the closure of Tesco’s cramped and scruffy Cheshunt HQ in favour of the sunlit uplands of Welwyn Garden City and 43 non-performing ...

We noted yesterday that WPP CEO Sir Martin Sorrell (left) may be preparing to abandon his recent policy of small(ish) deals in favour of a big one – namely Tesco data business Dunnhumby. Dunnhumby was founded in 1989 by husband ...

WPP is the lead investor in $250m of funding for a new global sports marketing company Bruin Sports Capital. Bruin is the brainchild of George Pyne, former president of IMG’s sports and entertainment business which was sold to Droga5 investor ...

What’s going to happen in adland in 2015? 1/ The first is that time (and tide) wait for no man and, in February WPP CEO Sir Martin Sorrell will be 70 while arch enemy Maurice Levy of Publicis Groupe will ...