Finance

What’s next for buoyant M&C Saatchi?

The ‘nothing is impossible’ boys at M&C Saatchi surprised the City of London yesterday by announcing an 11 per cent increase in revenue in the six months to June 30 although pre-tax profits fell by 15 per cent to £4.84m ...

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Cussons embraces footballers’ wives with St Tropez fake tan buy

It’s all happening in the buoyant personal care market and British company PZ Cussons, which makes Imperial Leather ands Carex soaps, is paying £62.5m to Lloyds Development Capital for self-tanning brand St Tropez, beloved of Victoria Beckham. The move follows ...

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Unilever ups stakes against P&G and L’Oreal with $3.7bn Alberto Culver deal

Unilever has announced its intention to go all out for leadership in the booming personal care sector with a $3.7bn bid for Alberto VO5 and TRESemme maker Alberto Culver. The high cash bid, Alberto Culver’s revenues are only $1.6bn, signals ...

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Will the Chinese offer a Bright Foods future for United Biscuits?

Chinese food giant Bright Foods, which owns shops as well as factories and is backed in part by the Shanghai authorities, is in exclusive talks to buy the UK’s United Biscuits for a hefty £2.5bn. It’s open season on British ...

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Mystery as WPP’s Sorrell pledges £55m shares to cover HSBC bank loans

It’s not unusual for rich executives to pledge shares in their companies to cover loans as they decide the shares are worth keeping or they need them for other purposes, like keeping control. Today it emerged that WPP CEO Sir ...

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Facebook’s Mark Zuckerberg races up the Forbes US rich list

At the grand old age of 26 Facebook founder Mark Zuckerberg, far from the most popular person in media even before his great wealth became apparent, is personally worth $6.9bn, based on a theoretical valuation of social network site Facebook ...

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WPP rumoured to be lining up bid for AKQA

They used to say you never got fired for buying IBM and you’re on pretty safe ground when you write that WPP is thinking of gatecrashing a big agency acquisition. Campaign thinks so anyway, reporting that WPP mergers head Andrew ...

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Will ambitious Tesco Bank ride to the Government’s rescue by boosting lending?

Today grumpy coalition business secretary Vince Cable will tell the Liberal Democrat party conference that businessmen are bastards and bankers are the biggest bastards of the lot. They pay themselves too much and don’t lend enough, particularly to small businesses. ...

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Richard Wheatly plans flotation for Jazz FM

Former Leo Burnett head honcho Richard Wheatly has always had a thing about tiny radio station Jazz FM. Now he clearly believes he can make some serious money from it. oem software download His links with the station go back ...

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