The Inside News of PR & Marketing Communications

Last Updated: Wed., Apr. 25, 2018 @ 4:30 pm

Category: Financial ManagementReturn to Latest News

Hanover Gobbles Up BellPott/Middle East

Tue, Nov. 21, 2017

By Kevin McCauley

Archie BerensBritain's Hanover Group has acquired Bell Pottinger Middle East and its 14 staffers headed by managing director Archie Berens. (1 reader comment)

Havas Posts Flat Q3 Performance

Fri, Nov. 17, 2017

By Kevin McCauley

Yannick BolloreHavas Group reported a 0.2 percent dip in Q3 growth to $620M largely due to a 10.9 percent decline in organic growth in the UK, where Unilever and Pernod Ricard trimmed outlays.

WPP Hikes Pressure on Japan's ADK

Thu, Nov. 16, 2017

By Kevin McCauley

Martin SorrellWPP boss Martin Sorrell hiked the pressure on 25 percent-owned Asatsu-DK by rejecting to tender its shares to Bain Capital and threatening to increase his firm's stake to the 33 percent mark.

PwCs Moeller Takes FTI Post

Mon, Nov. 13, 2017

By Kevin McCauley

Les MoellerLes Moeller, most recently global leader of PwC's Strategy& unit, has joined FTI Consulting as chairman of North and South America.

12 Myths About PR Firms Being Acquired

Thu, Nov. 9, 2017

By Art Stevens

Art StevensThe decision to sell a firm is not one to be made hastily. An owner needs to have realistic expectations and facts before pursuing a deal in earnest. (1 reader comment)

IPG Posts 1.0% Drop in Q3 Revenues

Tue, Oct. 24, 2017

By Kevin McCauley

IPGInterpublic today reported a one percent drop in Q3 revenues to $1.9B and a 5.3 percent gain in operating income to $219.1M.

Publicis Posts 2.2% Dip in Q3 Revenues

Thu, Oct. 19, 2017

By Kevin McCauley

Arthur SadounPublicis Groupe reports 2.2 percent revenue dip as CEO Arthur Sadoun works on shifting model from "communications business to transformation partner." (1 reader comment)

Omnicom Q3 Revenues Slip 1.9%

Wed, Oct. 18, 2017

By Kevin McCauley

John WrenOmnicom posted a 1.9 percent drop in Q3 revenues to $3.7B largely due to a lack of M&A activity and sale of underperforming assets, according to chief John Wren.

Talking Taxes in 2017

Tue, Oct. 3, 2017

By Richard Goldstein

Richard Goldstein What we might expect from Congress’ proposed new tax framework.

Havas Posts 1.9% Revenue Rise for 1H

Tue, Aug. 29, 2017

By Kevin McCauley

Yannick BolloreHavas Group reports a 1.9 percent rise in first-half revenues to $1.3B and a 34 percent drop in net income to $98M as growth slowed during the period.

FTI Consulting Posts Q2 Revenue Drop, Loss

Fri, Jul. 28, 2017

By Kevin McCauley

Steven GunbyFTI Consulting reported a 3.4 percent dip in revenues to $444.7M due to lower demand in its corporate finance and restructuring operation. Special charge puts FTI in red.

Huntsworth Enjoys Healthy Half

Wed, Jul. 26, 2017

By Kevin McCauley

Paul TaaffeeHuntsworth recorded a nine percent growth in revenues to $122.5M during the first half paced by a robust performance of its healthcare unit and the return to profitability for Grayling.

IPG's Net Tumbles as Revenues Slip

Tue, Jul. 25, 2017

By Kevin McCauley

IPGInterpublic reports a 39.6 percent drop in 2Q net income to $94.7M as revenues dip 1.7 percent to $1.9B. Shares drop more than ten percent from 15-year high hit yesterday.

Publicis Posts 2.2% Rise in Q2 Revenue

Thu, Jul. 20, 2017

By Kevin McCauley

Arthur SadounPublicis Groupe CEO Arthur Sadoun today reported a 2.2 percent rise in Q2 revenues to $2.9B at the France-based ad/PR conglom.

BackBay Handles Economist Event

Wed, Jun. 14, 2017

By Kevin McCauley

The Economist - Impact Investing ConferenceBackBay Communications is handling tomorrow's Impact Investing conference sponsored The Economist at London's Glaziers Hall.

WPP Reports Revenue, Profit Up

Wed, Jun. 7, 2017

By Kevin McCauley

Sir Martin SorrellWPP CEO Martin Sorrell reported today that revenue (Jan.-April) rose 15.9 percent to $6.3B, while profit ran “well above budget and ahead of last year.”

Vivendi Buys 60% Havas Stake

Wed, Jun. 7, 2017

By Kevin McCauley

VivendiVivendi is buying the 60 percent stake Bollore Group owns in Havas, the French advertising/PR combine, for $2.5B.

Limiting Risk on Loan Guarantees

Wed, Apr. 26, 2017

By Richard Goldstein

Richard GoldsteinA primer on personal loan guarantees, a fundamental financial reality that will likely affect most PR firms at one time or another.