European markets closed lower on Wednesday, amid concern over the violence in Iraq.» Read More
BRUSSELS, March 25- European Union antitrust regulators raided French car parts makers Faurecia and several other auto exhaust systems makers on Tuesday, the latest crackdown against suspected price-fixing in the auto industry. Faurecia, which is 52- percent owned by French carmaker Peugeot Citroen, confirmed the EU raids.
Martin Sorrell, CEO at WPP, says the firm sees strong growth in China and discusses WPP's mergers and acquisition deals in the world's second largest economy.
PARIS, March 18- PSA Peugeot Citroen is set to name senior French civil servant Louis Gallois as its next chairman, sources said on Tuesday as the carmaker's board met to discuss the details of its 3 billion-euro tie-up with China's Dongfeng.
LONDON, March 17- Global private equity firm Warburg Pincus has employed the chairman of LCH Clearnet Group as a senior adviser to locate new investments in the European financial services sector, the company said on Monday.
*Royal Bank of Scotland falls after posting losses. LONDON, Feb 27- European equities pared most of their early losses late on Thursday, with better-than-expected U.S. durable goods data and comments from Federal Reserve Chair Janet Yellen prompting some investors to return to the market.
Some of Thursday's midday movers:
*Royal Bank of Scotland falls after posting losses. LONDON, Feb 27- European equities fell further to a one-week low in late trading on Thursday, with downbeat company news combined with political tension in Ukraine prompting investors to trim their positions in riskier assets.
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.
The WPP CEO describes Facebook's acquisition of WhatsApp as "potty" but adds that Mark Zuckerberg knew "what he is doing"
The up to $19 billion spent on Whatsapp by Facebook looks "a bit potty" says Sir Martin Sorrell, WPP CEO, saying the group continues to invest a lot more in Google than in Facebook.
Sir Martin Sorrell, WPP CEO, hails the group's good results and says emerging countries remain its most profitable markets but that currency issues should remain an issue through 2014.
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.
Speaking to CNBC live at the World Economic Forum., Martin Sorrell, CEO of WPP, explains why he's positive on Eastern Europe.
Martin Sorrell, CEO of WPP told CNBC at the 2014 World Economic Forum that he has grown increasingly bullish on Russia.
Advertising industry growth in 2014 will be boosted by an improved global economy and the soccer World Cup, the chief executive of Publicis told CNBC.
Companies should start planning for Iran, analysts say, as the slow thawing of diplomatic relations with the country could open the door to foreign investment.
U.S. stock index futures signaled a higher open on Thursday, with markets still boosted by raised hopes the Federal Reserve will not start tapering off its asset purchases until next year.
Alex De Groote, media analyst at Panmure Gordon, comments on WPP's results which showed revenue growth accelerating and says the focus will be on how the group benefits from the recovery.
Sir Martin Sorrell, CEO of WPP, says that the NSA spying scandal and government shutdown have brought "significant damage to brand America".