Tag Archives: Interpublic

Publicis trumpets the past while WPP analyses the future

Publicis Groupe’s ability to continue building revenues at a seemingly faster rate than its global competitors – reflected in its third quarter results announced today - may well have been helped by favourable currency movements – not least the decline in the euro – and aggressive investment in digital acquisitions, but the fact remains that the growth is real enough.

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Why does Maurice Lévy want to spend €416m on buying LBi?

Few would challenge the Publicis policy of investing in digital assets in the manner pursued so energetically by chief executive Maurice Lévy. It has proved to be a good strategy so far.  And, as a target, LBi has made great progress from its darker days to become a well respected business.

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Triple trouble: stagnant revenue, no profit growth and over-expensive acquisitions

A week ago, a rash of big acquisitions prompted the notion that the acquirers were buying at recession riven prices in the expectation that an economic upturn was about to occur.

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Who will buy the last big digital independent?

With AKQA’s shareholders extracting a juicy $540 million from WPP, it’s hardly surprising that other would-be acquirers are swarming round the only other obvious large candidate likely to be for sale – LBi International – like bees round a honeypot.

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Why is WPP so in love with research?

It’s always been a bit of puzzle to understand why WPP leapt head-long into the research business with such enthusiasm some years ago.  All the evidence from other large marketing groups has indicated that it’s a hard business to manage really profitably, although why that is so has been equally difficult to comprehend.

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Will WPP be celebrating on Friday?

The observation that follows is not for the eyes of Omnicom – that solid and well regarded global group that for some years has also been the biggest.  

A few weeks ago we read formal confirmation that since 2009 Omnicom had no longer been the biggest global group when measured by revenue.   And, any day now, we may discover that it is no longer the greatest performer when measured by profit either.  Friday is the day to await, because then we shall learn whether WPP has achieved what is certain to have been one of Sir Martin Sorrell’s ambitions (admitted or not), namely to become the most profitable marketing group in the world.

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Havas struggles to raise revenues, but profits recover to 2008 level

Havas has succeeded in restoring its post-tax profit for the first half of 2010 to the same level as it achieved two years ago, but on lower revenues.  The modest profit recovery, announced today, was helped by an improvement in operating profit margins – reaching an unexciting 11.5% compared with just 10.2% in the same period last year.

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Interpublic and Publicis enjoy much improved second quarter

Both Publicis and Interpublic announced particularly encouraging results for the second quarter today, although Interpublic still has a long way to go to achieve anything like the 15% operating profit margin normally targeted in the industry.

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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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