Finance

Why has Andy Hornby quit as boss of resurgent Boots?

Well Andy Hornby, a former protege of Allan Leighton at Asda along with Sainsbury’s Justin King and others, probably deserves a break after being crucified in the banking crash of 2008 (he ran HBOS which collapsed owing twenty-odd billion) and ...

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Booming M&C Saatchi sets sights on world domination (again)

The nothing is impossible boys seem to be back, M&C Saatchi has just reported profits of £7.76m on a 21 per cent increase in worldwide revenue to £125m and is spending some of it on buying the EMCG agency in ...

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WPP’s Sir Martin Sorrell is coming home – but not just yet

Well the good knight didn’t get to where he is today by not reading the small print and he’s evidently waiting to see just how WPP will benefit from coalition chancellor George Osborne’s Budget changes before finally committing the marcoms ...

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New digital-focussed Telegraph surprises with £58.9m profits

The Daily Telegraph group made £58.9m profit in 2010, 11 per cent up on 2009, nearly 50 per cent if you strip out one-off sales in 2009 of £13m. The surprisingly buoyant figure seems to testify more to cost-cutting than ...

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More optimism from Aegis as Carat forecasts increase in global ad growth

The tidal wave of optimism from media buying and market research group Aegis continues with confident noises about the company’s own growth prospects and, from biggest network Carat, an upward revision in its forecast for global ad growth. And it ...

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Aegis growth story hammered by bad debt, low contribution from Mitchell

The business newswires are awash this morning with confident noises from media buying and research group Aegis (which owns Carat, Vizeum and researcher Synovate) after its 2010 revenue rose from £1.35bn to £1.46bn. This led to an underlying profit of ...

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