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Last Updated: Mon., Sep. 26, 2022 @ 3:08 pm

Category: Financial ManagementReturn to Latest News

Interpublic Reports Robust 15.7% Q3 Growth

Thu, Oct. 21, 2021

By Kevin McCauley

Philippe KrakowskyInterpublic reported Q3 revenues rose 15.7 percent to $2.3B as it registered solid gains across all operating sectors and geographic regions. Organic growth jumped 15.0 percent. (Updated)

Omnicom Enjoys 7.1% Q3 Growth Spurt

Wed, Oct. 20, 2021

By Kevin McCauley

John WrenOmnicom Group’s Q3 revenues grew 7.1 percent to 3.4B due to the moderation of the impact of the COVID-19 pandemic on its communications offerings. Net income surged 13.5 percent to $355.6M.

FGH Merges with SVC

Wed, Oct. 13, 2021

By Kevin McCauley

FGHFinsbury Glover Hering, which is majority-owned by WPP, is merging with Sard Verbinnen & Co. to create a firm they say chalked up $330M in combined 2020 revenues and will have more than 1,000 staffers in 25 offices throughout the world.

FGH Sails Into The Harbour Group

Wed, Oct. 6, 2021

By Kevin McCauley

HarbourFinsbury Glover Hering has acquired The Harbour Group, which has a lucrative contract with long-time client, United Arab Emirates.

Are You Leaving ERC Money on the Table?

Mon, Sep. 27, 2021

By Dominic Rovano

Dominic RovanoMany agency owners are still unaware that their business may qualify for the Employee Retention Credit program, potentially leaving valuable dollars on the table.

Messina Group Acquires Segal Communications

Wed, Sep. 8, 2021

By Kevin McCauley

MessinaSegalThe Messina Group, which is headed by Barack Obama's former campaign manager, has announced the acquisition of Segal Communications, the consumer technology and lifestyle PR shop serving clients in the San Francisco Bay area.

WPP Posts 16% H1 Growth

Thu, Aug. 5, 2021

By Kevin McCauley

Mark ReadWPP chief Mark Read reported a 16.1 percent gain to $8.5B in H1 revenues (like-for-like) and a $672.7M operating profit, compared to a $3.8B year-ago loss. (Updated)

Finn Partners Acquires Agency Ten22

Wed, Jul. 7, 2021

By Kevin McCauley

Beth FriedmanFinn Partners has acquired Agency Ten22, the Atlanta-based PR, social media, content management and digital marketing firm that serves the healthcare IT industry.

Stagwell's Mark Penn Calls Out Indaba Capital

Tue, Jun. 29, 2021

By Kevin McCauley

Mark PennStagwell CEO Mark Penn denies Indaba Capital Management's charge that he is dodging the hedge fund that objects to the terms of Stagwell's merger with MDC Partners.

Finn Partners Buys Back Stagwell Stake

Wed, May 19, 2021

By Kevin McCauley

Peter FinnFinn Partners has bought back the investment stake that it sold to Mark Penn’s Stagwell Group, and the two companies have amicably separated.

Stagwell Posts 1.8% Dip in Q1 Revenues

Wed, May 5, 2021

By Kevin McCauley

Jay LevetonStagwell Group reported a 1.8 percent dip in Q1 revenues to $181.2M and a 63.2 percent decline in net income to $4.6M due to a tough comparison to a political year and the continued impact of COVID-19 on operations.

Interpublic Posts 2.8% Q1 Growth

Wed, Apr. 28, 2021

By Kevin McCauley

Philippe KrakowskiInterpublic today reported Q1 net revenues rose 2.8 percent to $2B and net income hit $91.7M compared to a year ago $4.7M profit. (Updated)

Gregory FCA Acquires Affect

Tue, Apr. 27, 2021

By Steve Barnes

Greg MatuskyGregory FCA acquires Affect, a B2B-focused firm serving technology, healthcare and professional services clients.

MBO Bails Out of LLYC

Fri, Apr. 23, 2021

By Steve Barnes

LLYCMBO & Co, a French private equity firm, has sold its 30 percent stake in LLYC to the firm’s partners.

Sorrell Takes a Bow at S4 Capital 

Thu, Mar. 25, 2021

By Kevin McCauley

Martin SorrellS4 Capital chalked up an “outstandingly successful” performance during its second full year of operation, according to founder Martin Sorrell, as like-for-like revenues jumped 15.2 percent to $475M.

WPP Spills $3.4B in 2020 Red Ink

Thu, Mar. 11, 2021

By Kevin McCauley

Mark ReadWPP posted a $3.4B pretax loss in 2020 due to $3.7B in COVID-19 impairment charges compared to a $1.4B year-earlier profit. CEO Mark Read sees 2021 as a "year of solid recovery."