OMNICOM, the world’s second largest advertising agency, said yesterday it is unable to predict when its $35.1bn (£20.8bn) merger with Publicis Groupe would close, raising concerns that the deal might not go through.
CARD Factory boss Richard Hayes said yesterday that it hopes to emulate the success of other value retailers such as Poundland after announcing plans for float that could value the group at around £700m.
FTSE 100 listed finance group Old Mutual, home of top investor Richard Buxton, has upped its stake in online fashion retailer Boohoo, helping it become one of the firm’s biggest institutional shareholders.
GOLDMAN Sachs, one of the banks that advised on the recent £1.23bn flotation of Pets at Home, initiated research on the company yesterday with a target price for the stock of 242p – or 3p below the 245p flotation price.
AT&T last night reported a strong first quarter, with its best revenue growth in more than two years.
America’s second largest telecoms company said last night that its results had been boosted by increased sales of wireless plans.
A FRAGILE peace deal, agreed between Russia and Ukraine last Thursday, looks to be unravelling after reports that two pro-Ukrainian supporters, one a politician, were tortured and killed emerged yesterday.
MCDONALD’S has suffered another sluggish quarter of sales in its key US market, dragging group profits down, as the fast-food giant struggled with fierce competition, weak consumer spending and a cold winter.
Shopping centre owner Intu said yesterday that it had completed its rights issue, raising around £488m. Investors initially took up 99 per cent of the shares but Intu subsequently found subscribers for the remaining 2.7m shares.
Lockheed Martin, the Pentagon's largest supplier, yesterday reported a 23 per cent jump in operating profit and earnings per share in the first quarter, and raised its earnings per share outlook for the full year.
TELECOMS group Colt will withdraw around 85 per cent of its voice contracts – or calls from mobile operators that it carries on its network – over the next few months as part of a review of the business.
THE CHIEF executive of Qinetiq yesterday said he would consider “strategic acquisitions” both in the UK and overseas, as the British defence technology firm announced the long-awaited sale of its struggling US services division.
Kurdistan-focused oil explorer Genel Energy, which has former BP boss Tony Hayward as its chief executive, yesterday said production jumped 35 per cent in the first quarter and that it remains on track to meet full-year production and revenue guid
The European Central Bank (ECB) has repeatedly insisted that it does not see deflation as likely for the Eurozone - but new research indicates that falling consumer prices are already a reality for almost a quarter of items in the basket used by t