Advertising recovery is in full swing

first_img THE light at the end of the tunnel for the advertising industry was not a mirage: all the evidence points to a broad and sustained recovery. The large agencies reported robust revenue growth in the second quarter, with Interpublic growing sales by nine per cent, and Omnicom and Publicis up by six and seven per cent respectively. WPP should see similar growth in the US and emerging markets when it reports tomorrow, although Europe will prove something of a laggard. With consumer goods giants like Proctor and Gamble set to boost their marketing spend in the second half, the recovery should continue, albeit at a less eye-catching rate as firms contend with tougher comparatives. For those willing to bet on the advertising recovery – a play that is clearly linked to the global economy – WPP is an obvious option. It is well-diversified geographically, and generates over a quarter (27 per cent) of revenues from fast-growing digital sales. And if Sorrell is willing to put his money where his mouth is (as UBS suggests in the story above), investors should feel comfortable about doing the same. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comConnecticut man dies after crashing Harley into live bearnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Share Show Comments ▼ Advertising recovery is in full swing whatsapp whatsapp KCS-content Tags: NULL Sunday 22 August 2010 9:49 pmlast_img read more

Indian energy firms could muscle in on $10bn Vedanta bid for Cairn

first_img whatsapp KCS-content whatsapp Monday 23 August 2010 8:35 pm Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Indian energy firms could muscle in on $10bn Vedanta bid for Cairn ALL options are open for Indian state energy firms to make a counter-bid to Vedanta Resources’ $9.6bn (£6.2bn) offer for control of Cairn India, an oil ministry source said.Oil and Natural Gas Corp (ONGC), Gail and Oil India are thought to be considering a joint bid for Cairn India, a unit of the UK’s Cairn Energy.ONGC, Gail and Oil India have held informal talks on a joint bid for Cairn India even as the ministry is looking at legal options to deny Vedanta approval for its planned deal. The oil ministry is said to be uncomfortable with billionaire Anil Agarwal-owned Vedanta Group buying a majority stake in Cairn India.The oil ministry has not given any direction to state firms to make a counter bid for Cairn India, the oil ministry source said.A banking source familiar with the matter said that ONGC, Oil India and Gail – all state-controlled ??– were considering a joint bid for Cairn India. The companies had not yet mandated any banks for a deal, the source said.ONGC, Oil India and Gail declined to comment.Cairn Energy will publish its interim results today. Share Tags: NULLlast_img read more

Terry Smith to launch an asset management firm

first_imgSunday 12 September 2010 10:43 pm Show Comments ▼ STOCKBROKING veteran Terry Smith is expected to step down from Collins Stewart within the next few months to concentrate on launching an asset management business.The venture, entitled Fundsmith, will give both high street and professional investors the opportunity to invest alongside Smith. The tough-talking former analyst has ploughed several millions of pounds from his £60m fortune into the project.Fundsmith will be structured as a partnership and was incorporated in April, according to Companies House. Keith Hamill, the one-time chairman of clothing outlet Moss Bros and low-cost airline Go, is listed as a director.It is not known whether Fundsmith will offer customers mutual investment portfolios or more esoteric products. More details will emerge after it receives the green light from the Financial Services Authority, due before Christmas.Smith, who made his name as a pugnacious banking analyst at firms including W Greenwell & Co and UBS in the 1980s and early 1990s, will cease to be deputy chairman at Collins Stewart. But he will stay as chief executive of inter-dealer broker Tullett Prebon. Tags: NULL whatsapp Terry Smith to launch an asset management firm center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp KCS-content Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo Sharelast_img read more

Report mulls impact of BHP bid for Potash

first_img AN INDEPENDENT report on the impact of a takeover of Canada’s PotashCorp will today reignite the country’s debate over the implications of such a move, as expectations of a Chinese-led counterbid to BHP Billiton’s $39bn (£24.7bn) offer begin to dwindle.The report by the Conference Board of Canada will make no recommendations, though it will assess the respective implications of a bid from a large corporate like BHP, a state offer from China, and a takeover by an investment board or sovereign fund.It comes as Canadian authorities continue to mull over a decision on whether a takeover of the fertiliser giant would be of “net benefit to Canada” – a key requirement under the country’s Investment Act.There has been widespread speculation over the emergence of a Chinese bid since BHP launched its hostile offer in August, though reports over the weekend suggested interest from the East is cooling. China’s government is thought to be unwilling to put up more than around a quarter of the funds needed to block BHP’s $130-a-share offer, while attempts by state chemical firm Sinochem to court potential co-investors are said to have fallen on unreceptive ears.On Friday, BHP filed a motion in a Chicago court, asking it to dismiss a lawsuit brought by PotashCorp over a week ago. PotashCorp claimed BHP fed the market misleading information in order to drive down potash prices and allow it to make a low-ball offer. But BHP said the complaint “offers only implausible, uncorroborated and largely irrelevant speculation”, adding that shareholders have access to all the relevant information to make a decision on the deal. Sunday 3 October 2010 10:46 pm KCS-content whatsapp Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp Share Report mulls impact of BHP bid for Potash Show Comments ▼last_img read more

Mexican group to buy Sara Lee

first_img whatsapp Mexican group to buy Sara Lee Tuesday 9 November 2010 7:43 pm More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comColin Kaepernick to publish book on abolishing the policethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Sara Lee will sell its North American bakery business to Mexico’s Grupo Bimbo for $925m (,£579m), the latest move to shrink a once-sprawling company that sold everything from hot dogs to underwear. KCS-content Share Show Comments ▼ whatsapp Tags: NULLlast_img read more

Maersk hikes profit guidance after solid nine-month figures

first_imgWednesday 10 November 2010 7:42 pm whatsapp KCS-content Share Maersk hikes profit guidance after solid nine-month figures Shipping and oil group AP Moller-Maersk hiked its 2010 profit forecast to around $5bn (£3.1bn) as it posted forecast-beating profits for nine months, driven by cost cuts and higher freight rates and oil prices.The upgrade from the previous guidance for a full-year net result exceeding $4bn stemmed mainly from higher rates for container shipping and efficiency improvements, the group said.Maersk’s report followed strong third-quarter results from Asian rivals such as China COSCO and Neptune Orient Lines (NOL) , pointing to a sustained recovery from a dismal 2009 for shipping as global trade regains momentum. Net profit at the group, which owns the world’s biggest container shipping company Maersk Line, totalled 23.8bn Danish crowns ($4.4bn) in January-September against losses of $3.9bn in the same period last year.The result beat an average expectation of a profit of 21.4bn crowns in a poll of analysts whose estimates ranged from 19.9bn to 22.9bn crowns.Cheuvreux analyst Joakim Ahlberg called the third-quarter results “very solid” and said he would make minor increases to earnings estimates on the back of the report.Average freight rates, including bunker surcharges, were up 34 per cent in the nine months to end-September from the same period last year, and volumes seven per cent higher, Maersk said. Chief executive Nils Smedegaard Andersen said the improved competitiveness through cost savings was “a very big factor” driving the results. whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Show Comments ▼ Tags: NULLlast_img read more

Spanish bailout would be fatal for Eurozone

first_img Tags: NULL Share whatsapp KCS-content Spanish bailout would be fatal for Eurozone Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proofcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Show Comments ▼ ATTENTION has turned to the Eurozone’s fourth largest economy as Spain’s leaders scramble to assure the markets that it will not follow Ireland’s lead.Most agree that a Spanish bailout would be potentially fatal for the euro and would exhaust the €440bn of Eurozone funds set aside for emergency aid to its teetering economies. Economists at Fathom Consulting highlighted wrote yesterday: “Spain’s GDP is almost twice the size of Portugal, Greece and Ireland combined and therefore any hint of trouble would send shockwaves through the euro area.”The government has implemented a severe austerity plan and has managed to slash its deficit this year to comply with its target of 9.3 per cent for 2011 (versus over 11 per cent last year). But its leaders are painfully aware that even Ireland’s much-praised €15bn of cuts this year did not keep it safe from the market panic. Spain held a successful auction of short-dated government debt yesterday, selling off €3.26bn’s worth of three and six-month gilts, but the cost of its borrowing had nearly doubled since its last such auction a month ago. Most regard the punitive yields being demanded – 10-year gilt yields jumped above five per cent today – as unsustainable. However, the government has built up a less daunting mountain of debt than has Ireland: its debt is estimated at 60 per cent of GDP versus 100 per cent. Wednesday 24 November 2010 9:03 pmlast_img read more

JAPANESE AIRLINE ATTACKS BOEING DELAYS

first_img KCS-content THE launch customer for Boeing’s 787 Dreamliner has hit out at the US aircraft giant over delays to the aircraft. All Nippon Airways (ANA), which was due to have begun taking deliveries in 2008, said the delays were disappointing. ANA chief executive Shinichiro Ito said he was unsure if there would be more delays. whatsapp JAPANESE AIRLINE ATTACKS BOEING DELAYS Tags: NULL More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Share whatsapp Show Comments ▼ Sunday 28 November 2010 9:12 pmlast_img read more

New hotel set for Tower area

first_img New hotel set for Tower area whatsapp Sunday 5 December 2010 11:08 pm KCS-content whatsapp Share Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof Show Comments ▼ Tags: NULL A SINGAPORE-BASED consortium, KOP and Reignwood, has purchased the Grade II-listed former Port of London authority headquarters overlooking the Tower of London in a deal thought to be worth over £100m.KOP Properties hopes to convert Ten Trinity Square into its flagship luxury European hotel in time for the London 2012 Olympics after buying it from troubled US property investment company, Thomas Enterprises.The development will include penthouses with views of the City and Thames and will be managed by Franklyn Hotels and Resorts, who currently run Cadogan Hotel and Durley House, both in Knightsbridge.Prime London Partners acted as brokers on the deal while Lloyds Banking Group was the lender for Thomas Enterprises.The Georgian-based property company, founded by property developer Stan Thomas, purchased the site for an estimated £110m in 2006 but has been forced to abandon the project after it put some assets under bankruptcy protection last year.Woods Bagot, the architects who drew up the original plans in 2008, have been retained on the development of the imposing building, which was designed by Sir Edwin Cooper in 1922 and played host to the meeting of the UN’s General Assembly in 1946.The Trinity Square area is currently a focus of construction activity with Mint Hotel (formerly City Inn) in Pepys Street set to open by the end of the year.Duty manager of the neighbouring hotel Novatel, Hilda Bennis, said the developments will be positive for the tourism industry and should encourage more visitors to the Square Mile. last_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Show Comments ▼ Tuesday 14 December 2010 8:26 pm IG GroupIG Group has appointed Christopher Hill as its new chief financial officer from April next year. In his new role he will also be a member of the group’s board, helping to make strategic decisions about the company. To take the job, he will be moving over from his role as CFO of Travelex, where he has worked since 2007. Formerly, he has also worked at VWR International, a US-based lab supply company and General Electric.Ernst & YoungErnst & Young has appointed five new partners in its Europe, Middle East, India & Africa financial services advisory practice: Nasir Ahmad, Richard Brown, Maren Hausmann, Andreas Lannes and Knut Schafer.Motive TelevisionPaul Cuatrecasas has joined the digital TV company as a non-executive director, starting immediately. He will draw on his mergers and acquisitions experience in order to offer advice to the company. He is also the founder and chief executive of Aquaa Partners and founded Alegro Capital in 2003.Previoulsy, he has worked at ARC Associates and during his career has worked on over 35 M&A transactions. Coutts & CoCoutts has added James Hosking to its private banking team. He will be reporting to Peter Blatchford, a client partner, and will be responsible for giving support and advice to the bank’s private clients in Devon.He has previously worked at the Bank of Scotland Investment Service and HSBC.Futures and Options AssociationThe FOA has appointed Kathleen Trayner as director of regulation, effective from January. She joins the association from the London Stock Exchange, where she was head of regulatory strategy. She has also worked for six years at TSX Group as senior legal counsel. RBC Wealth ManagementThe Royal Bank of Canada’s Wealth Management division has added Julian Washington as a director in its British Isles’ private client fiduciary services team. He will be in charge of drumming up business in London, reporting to Steve Sokic. Washington will bring over 17 years’ experience in private client trust, tax and estate planning services. He moves to RBC Wealth Management from Forsters, where he was a partner. He has also worked at Charles Russell. CITY MOVES | WHO’S SWITCHING JOBS Sharecenter_img whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com whatsapp KCS-content Tags: NULLlast_img read more