The CEO of French advertising agency Publicis has said the lengthy negotiations with China regarding its merger with Onmicom Group is taking energy out of the day to day running of the firm.» Read More
The company raised about $163 million after its offering was priced at $25, below the expected price range of $26- $29 per share. Moelis, founded and led by veteran Wall Street investment banker Ken Moelis, offered 6.5 million shares of Class A common stock, lower than the 7.3 million it had initially planned.
*Goldman Sachs and Morgan Stanley lead underwriters for offering. April 15- Moelis& Co's initial public offering has been priced at $25 per share- below its expected range- a market source said, valuing the independent investment bank at about $1.29 billion.
NEW YORK, April 1- A federal judge in Manhattan has denied a motion to grant class status to a lawsuit accusing French advertising company Publicis Group SA of discriminating against women in pay and promotions.
WASHINGTON, March 6- The U.S. company that handles public relations for Russia in the United States distanced itself on Thursday from the Ukraine crisis, saying that it advises the Kremlin largely on economic development, not foreign policy.
March 4- Investment banker Ken Moelis' boutique investment firm, Moelis& Co, filed to go public as it looks to take advantage of rising demand for independent advisory services and an improving market for public offerings in the United States.
The New York- based company, led by Wall Street dealmaker Kenneth Moelis, will look to take advantage of an improving U.S. IPOs by dollar volume since 2000, according to Thomson Reuters data, as large floats such as Hilton Worldwide Holdings and Plains GP Holdings lifted deal proceeds 21 percent to $56.4 billion.
BARCELONA, Feb 27- Fierce competition in the global advertising industry forced Britain's WPP to lower its profit guidance for 2014 on Thursday, wiping more than a billion pounds off its share price and overshadowing its improving trading throughout 2013..
BARCELONA, Feb 27- Fierce competition within the advertising industry forced Britain's WPP to lower its margin guidance for 2014, wiping over a billion pounds off its share price and taking the shine off an acceleration in trading through 2013.. WPP's forecast of organic revenue growth of over 3 percent for 2014 was also seen as below expectations.
Feb 14- Interpublic Group of Cos, the no. 2 U.S. advertising company, reported a 3 percent rise in quarterly revenue, mainly helped by growth in its domestic market. Interpublic, which counts Amazon.com Inc and General Motors Co's Cadillac as customers, also said it was targeting 3-4 percent organic revenue growth this year.
PARIS, Feb 13- Advertising agency Publicis fell short of its annual growth target after a slowdown in emerging markets such as China and India caused the fourth quarter to end with a whimper.
*Omnicom shares gain as much as 2.5 pct. Feb 11- Omnicom Group Inc, the largest U.S. advertising company, reported a better-than-estimated 2.9 percent rise in quarterly revenue due to growth in its international markets and said its merger with France's Publicis Groupe SA was taking longer than expected.
U.S. stock index futures ticked higher, ahead of Federal Reserve Chair Janet Yellen's first testimony before Congress.
Feb 11- Omnicom Group Inc, the largest U.S. advertising company, reported a better-than-expected 2.9 percent increase in revenue, helped mainly by growth in its international markets. Omnicom's shares rose 4 percent in premarket trading on Tuesday.
Feb 11- Omnicom Group Inc, the largest U.S. advertising company, reported a 2.9 percent rise in quarterly revenue, helped mainly by growth in its international markets. Omnicom's net income available to common shares was $300.5 million, or $1.13 per share, for the fourth quarter ended Dec. 31 compared with $307.1 million, or $1.13 per share, a year earlier.
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The biggest global deal trends of last year are already showing up in the first month of 2014, including media consolidation and bets on Japan.
BRUSSELS, Jan 9- EU antitrust regulators said on Thursday they had cleared the $35 billion merger of U.S. advertising agency Omnicom and French peer Publicis without conditions. The deal creates the world's biggest advertising agency to compete better with the likes of Google and Facebook in online ad sales.
The CEO of Publicis Groupe revealed that the approval process for its proposed merger with Omnicom is progressing faster than expected.
BARCELONA, Nov 21- Three major rivals to advertising groups Omnicom and Publicis, which are merging, say they are poaching work from the pair by luring clients who are unsettled by the $35.1 billion deal.
BARCELONA, Nov 21- The $35.1 billion tie-up of advertising groups Omnicom and Publicis will close by the middle of next year at the latest, the two groups said on Thursday, pushing the date back slightly later than expected.