Finance

CBS Outdoor has said it will sue Transport for London (TfL) over its contract to supply London’s Underground system with posters in an apparent attempt to claw back the oodles of cash it’s lost since ‘winning’ the contract in 2006. ...

Publicis Groupe’s Maurice Levy has been dipping into his stash of Brazilian reals again, this time buying Sao Paulo ad agency GP7. Only last week the acquisitive Frenchman upped his stake in another Sao Paulo agency Talent AG from 49 ...

New figures compiled by Ad Age show that US ad agencies earned $8.5bn from digital services in 2010, 28 per cent of their total income of $30.4bn. This is an increase of 16.9 per cent on 2009 when digital accounted ...

The UK was an unexpected soft spot for Publicis Groupe as the French marcoms giant posted a revenue increase of 10.7 per cent to $1.29bn with organic growth of 6.5 per cent in its first quarter 2011 figures. Publicis Groupe, ...

Marcoms giant Omnicom’s strategy remains firmly focused on its three big ad agency brands – BBDO, DDB and TBWA – and their appeal seems to be growing in the world outside the US. In the first quarter of 2011 Omnicom’s ...

UK supermarket giant Tesco has turned in another record set of figures for the year to February 26 2011 but disappointed the markets (and new CEO Philip Clarke) with a 0.7 per cent fall in UK sales over the past ...

WPP has bought German marcoms company Commarco Gmbh whose brands include Scholz and Friends, integrated agency deepblue, relationship marketer DialogGroup and production company United Visions. The price hasn’t been disclosed but Hamburg-based Commarco turned over €132.9m last year and has ...

London-based post-production giant The Mill has been valued at £119m in a deal which sees Barclay Private Equity buying 60 per cent of the company from former majority owner private equity firm Carlyle. Original founders Robin Shenfield (pictured) and Pat ...

More than a few eyebrows were raised when Publicis Groupe forked out $100m for a 49 per cent stake in Brazil’s Talent agency last year (Talent employs about 230 people meaning they were worth nearly $1m each) but the French ...