WPP invests in Burma after sanctions end May 21, 2012 WPP yesterday announced it has bought a stake in a Burmese advertising agency just days after US sanctions on the Asian country were lifted. New York-based Ogilvy & Mather, a fully-owned subsidiary of global ad giant WPP, yesterday unveiled the purchase of a stake in Today Advertising, an agency in Myanmar. The firms did not specify [...]
Pursuit shares in freefall after P&G fails to award it contract May 21, 2012 PURSUIT Dynamics saw its shares nosedive yesterday after it announced that it had missed out on a key contract with consumer giant Procter & Gamble. The loss-making technology company had pinned its hopes on P&G buying its technology – aimed at reducing costs for businesses. Pursuit won extra funds from its shareholders in March. It [...]
Bridgepoint spells out a £49m deal for dictation firm BigHand May 21, 2012 BRIDGEPOINT, the private equity house behind a series of high street names, has bought a dictation technology firm from Lloyds Development Capital in a £49m deal. Its Bridgepoint Development Capital arm has taken a majority stake in BigHand, which works with more than 150,000 professionals such as lawyers, doctors and accountants. As part of the [...]
ITE sales leap 30pc in first half May 21, 2012 Exhibition and conference organiser ITE Group reported a higher first-half profit as volume sales jumped 30 per cent. The UK firm, which organises around 200 trade exhibitions and conferences each year in 14 countries, said its booked revenue for the year, including sales from newly acquired businesses, rose six per cent on a like-for-like basis [...]
Informa forecast unchanged May 21, 2012 Informa yesterday said its expectations for 2012 remained unchanged, despite difficult economic conditions worldwide. In an interim management statement, the provider of specialist information and services to academic, businesses and individuals, said it is meeting its goals. Despite the upbeat forecast, based on the four months from 31 December to 30 April 2012, shares dropped [...]
Music Festivals revenue down May 21, 2012 Vince Power’s Music Festivals group yesterday warned that sales are down for its venues in Kent and Spain. The AIM-listed firm’s shares fell 7.6 per cent to a 52-week low of 42.50p.
Gambling firms hit by Spanish back tax raid May 21, 2012 ONLINE gambling firms suffered yesterday after the Spanish authorities decided to enforce two historic laws and demand substantial back taxes from offshore bookmakers with customers in the country. Bwin.party said it has completed a self-assessment process and will pay £26.56m to the Spanish taxman, expenditure that it hopes will help its bid for a new [...]
BTG back into the black thanks to supply rights for new drugs May 21, 2012 BRITAIN’S BTG swung to a pre-tax profit for the year to end-March, helped by its move to direct sales of its specialist anti-poison drugs, and said it had acquired the European named-patients supply rights for another antidote, uridine triacetate. The speciality pharmaceutical company, which already has the US supply rights for the medicine to treat [...]
Total tests reveal that the North Sea leak at Elgin has stopped May 21, 2012 FRENCH oil major Total said yesterday that several inspections had revealed that the leak of the G4 well on the Elgin complex north of Aberdeen in Scotland had stopped. Total said it started pumping mud into the disabled well on 15 May and the leak stopped 12 hours later. The next step will be to [...]
Cranswick gets a new boss as profit goes up May 21, 2012 BRITISH pork products supplier Cranswick yesterday reported a three per cent rise in full-year profit. The British company also announced that chief executive Bernard Hoggarth would step down at the company’s annual general meeting on 1 August. Hoggarth will take up a part-time role as commercial director while the company added that his stepping down [...]
