Finance

Chime in another controversial deal as it buys Lord Coe’s sports company for £12m

Much muttering in UK adland today about mini-marcoms group Chime Communications’ purchase of (Lord) Sebastian Coe’s sports consultancy company Complete Leisure Group for a reported £12m. Coe (left), who was chairman of the London Olympics, owns 90 per cent of ...

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Unilever 2 Procter & Gamble 0 in the consumer goods giant Champion’s League

It’s quite tough in the Champion’s League of consumer goods companies at the moment as the likes of Unilever, Procter & Gamble, Colgate-Palmolive and Reckitt Benckiser struggle with higher input prices and price-conscious consumers, particular in stagnating Western Europe. Anglo-Dutch ...

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Does the Guardian’s newspaper and digital strategy actually add up?

The Guardian has said it may be forced to make compulsory redundancies as its efforts to persuade journalists to leave voluntarily have failed. It was seeking up to 100 voluntary redundancies but only 30 or so people signed up. According ...

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WPP’s Sorrell reports a black September for revenue

Growth at the world’s largest advertising group WPP almost ground to a halt in September, forcing WPP’s Sir Martin Sorrell to cut the company’s 2012 revenue growth estimate to between 2.5 per cent and three per cent. As recently as ...

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HSBC and Pfizer review global ad agency deals

Giant global bank HSBC has announced it’s reviewing its global ad account worth about $1bn at WPP’s JWT and media buyer GroupM while pharma giant Pfizer has said it’s dumping Interpublic and concentrating its work into WPP, Omnicom and Publicis ...

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Can new boss David Mayo keep the Bates agency brand alive?

Much speculation among the clinking sundowners at Raffles Hotel in Singapore that the venerable Bates agency (now rather reduced as it’s an Asia-only network albeit a large one) might be calling last orders. Bates is now owned by WPP and ...

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