WPP buys South African Cerebra November 27, 2013 WPP has acquired a majority stake in Cerebra Communications, a South African based advertising agency. Cerebra was founded in 2006 and employs 35 staff, with clients including the Johannesburg Stock Exchange and Nedbank. The acquisition adds to WPP’s presence in South Africa, where it has 25,000 employees and revenues of $550m (£340m). WPP said that [...]
Informa takes stake in Baiwen November 27, 2013 Informa, the exhibitions firm, has bought a stake in Baiwen, the owner and organiser of the annual China Beauty Expo (CBE). CBE is the largest beauty trade event in China, covering three co-located exhibitions that occur every year in Shanghai in May. “We look forward to working closely with our partners at Baiwen to extend [...]
Innovation Group wins £14m deal November 27, 2013 The Innovation Group yesterday unveiled three new major contract wins in the US market for its insurance software. The contracts have a combined worth of £14m over the next five years. “I am extremely pleased to announce a number of new contracts and a renewal, which evidence our continued momentum and growth in the US [...]
City Moves for 28 November 2013 | Who’s switching jobs November 27, 2013 Harrington Cooper The fund distribution firm has appointed Henry Foster as sales manager in its discretionary sales team. He joins from Neptune Investment Management. Foster has also held roles at Citigroup Asset Management and Western Asset Management. MassMutual Gary Smith has been appointed head of sovereign wealth funds and official institutions for MassMutual’s asset management [...]
Best of the Brokers for 28 November 2013 November 27, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com MEDUSA MINING Cantor Fitzgerald maintained its “buy” rating for Medusa with a target price of 190p a share. The broker said that Medusa’s operations in the Philippines had been unaffected by the Typhoon Haiyan and continuing work on the company’s expansion programme. PAYPOINT [...]
London Report: Political deal in Germany drives FTSE 100 higher November 27, 2013 THE UK’S benchmark equity index edged up yesterday, supported by a deal over a new German government that boosted appetite for more risk-sensitive stocks such as banks. German parties agreed a coalition deal two months after an election. While the deal was welcomed by the market, the reaction was in muted volume, with just 90 [...]
New York Report: Wall Street hits fresh high in turkey rally November 27, 2013 THE Dow and the S&P 500 closed at record highs yesterday, led by Hewlett-Packard’s jump a day after the personal computer maker’s earnings, while the Nasdaq finished at a fresh 13-year high. The tech-heavy Nasdaq got its biggest boost from Apple, which rose 2.4 per cent to $545.96, the stock’s highest level since January. Technology [...]
Xbox One: know your console November 27, 2013 Everything you need to know about the long-awaited sequel to the Xbox 360 LIVE TV TV and video signals from set top boxes such as Sky, Freeview and Virgin can be fed through the console so you don’t have to switch inputs between gaming and watching TV. But British users have experienced compatibility problems, complaining [...]
New Legend of Zelda game is a nostalgic hit for fans of the franchise November 27, 2013 REVIEW LEGEND OF ZELDA: A LINK BETWEEN WORLDS | by Steve Dinneen Four Stars ASK any gamer of a certain age – between around 25 and 45 – what their favourite title is, and I reckon you have about a 30 per cent chance of them naming one of the Legend of Zelda series. Nintendo [...]
Npower set to cut 1,400 jobs November 27, 2013 Energy supplier Npower looks set to cut 1,400 jobs, as it restructures its UK operations. Confirmation of the losses is expected from the group tomorrow. Speculation this afternoon is that it is on the verge of announcing its intention to offshore more than 1,400 jobs to India and transfer hundreds of others to a private [...]