Tag Archives: DLKW

Creston makes reassuring noises as revenues grew

Creston announced this morning that the group had achieved “like for like” revenue growth of 11% in the quarter to 30 June, excluding the results of DLKW Group that was sold to The Interpublic Group earlier this month.

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Creston shareholders approve sale of DLKW

Shareholders in Creston this morning voted in favour of selling DLKW to Interpublic’s London agency Lowe & Partners.  The proportion of shareholders voting in favour has not been disclosed. (see Creston suffers book loss on DLKW sale to slash borrowings).

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Sir Martin’s first Epistle was good. What about a second?

The most important component of Sir Martin Sorrell’s update to WPP Group shareholders at Tuesday’s annual meeting was the public acknowledgement of a basic truth: if you do what you are paid to do outstandingly well, everything else will follow.

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Creston suffers book loss on DLKW sale to slash borrowings

As anticipated here last Friday, the publicly listed marketing group Creston has agreed to incur a loss on selling its above the line advertising agency DLKW to Lowe Group, a subsidiary of The Interpublic Group of Companies.  The deal is subject to shareholder approval.

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Rumoured sale of DLKW could be at a financial loss for Creston

Creston faces a book loss if, as rumoured, it sells the DLKW group of companies to Lowe or anyone else for less than the £34 million it paid for the group, but such a purchase price would seem generous in the current climate.

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