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.» Read More
European shares closed higher on Thursday, with investor sentiment boosted by earnings reports and the news that the U.S. economy accelerated more quickly than expected in the second quarter.
*Vodafone rises 9 pct to 12- year high on Verizon talks. PARIS/ LONDON, Aug 29- European stocks rose on Thursday, snapping a sharp two-day drop, as Vodafone's renewed talks with Verizon sent the UK firm's stock to a 12- year high and sparked a brisk rally in the telecom sector.
Martin Sorrell, CEO of WPP, tells CNBC that they feel pretty confident about the business and are seeing strong growth across the board.
WPP CEO Martin Sorrell on Thursday denied rumors that the advertising giant could be considering a bid for French rival Havas or Japan's Dentsu, saying the talk was "just surmise".
The investigation into whether JPMorgan Chase hired the children of powerful Chinese officials to help the bank win business is sending shudders through Wall Street.
WPP is the world's largest ad firm but that could change if Omnicom and Publicis merge. Martin Sorrell, WPP CEO, joins to discuss how he sees the global economy.
One in three people in the United States visit Facebook every day, the company said Tuesday, releasing regional data for the first time to draw more advertisers.
Aug 13- One out of three people in the United States- more than 128 million- visit Facebook every day, and about 24 million in the United Kingdom do the same, the company said on Tuesday, releasing regional data for the first time as a way of helping advertisers understand how people use the social network.
*Shares in WPP, Interpublic, Havas leap on deal news. LONDON/ PARIS, July 29- A plan to merge Publicis and Omnicom into the world's biggest advertising group has rivals ready to poach their blue-chip clients that might leave the new agency as it faces potential conflicts of interest.
WASHINGTON/ BRUSSELS, July 29- Publicis and Omnicom will most likely have to shed some assets in order for their mega deal to win approval from regulators in the United States, Europe and 40 other countries where they operate. The deal would combine the world No. 2 agency, Omnicom, with the No. 3, Publicis, to create the world's largest agency.
*Shares in WPP, Interpublic, Havas leap on deal news. LONDON/ PARIS, July 29- A plan to merge Publicis and Omnicom into the world's biggest advertising group has begun a scramble by rivals to poach their blue-chip clients worried the new agency might face conflicts of interest.
LONDON, July 29- Shares in advertising groups jumped on Monday after Publicis and Omnicom said they would merge, as investors bet the deal would create an opening for rivals to poach defecting clients and potentially trigger more deals.
*Elan surges after $8.6 bln takeover offer from Perrigo. Shares in Irish drugmaker Elan jumped 9 percent after U.S. peer Perrigo agreed to buy the firm for $8.6 billion, sparking a rally in pharma stocks, with Shire up 1.5 percent and Qiagen up 1 percent. France's Havas soared 6.3 percent and UK's WPP added 1.5 percent.
*Elan surges after $8.6 bln takeover offer from Perrigo. Shares in Irish drugmaker Elan jumped 8.3 percent after U.S. peer Perrigo agreed to buy the firm for $8.6 billion, sparking a rally in health care stocks, with Shire up 2.1 percent and AstraZeneca up 1.2 percent. France's Havas soared 5.7 percent and UK's WPP added 1.7 percent.
The multi-billion dollar merger between advertising giants Publicis and Omnicom will create the world's largest ad agency but their competitors brushed off concerns about a more powerful rival on Monday.
Martin Sorrell, CEO of WPP, tells CNBC that despite the scale of the 35 billion dollar merger between Publicis and Omnicom, he believes growth will come from more organic routes.
LONDON, July 28- Martin Sorrell, head of world No. 1 ad group WPP, congratulated long-time rival Maurice Levy on persuading Omnicom to merge, adding that further consolidation was inevitable in the industry.
PARIS, July 28- The head of French advertising agency Havas on Sunday questioned the logic of a planned merger between larger global rivals Publicis and Omnicom, saying it was not in the best interests of clients or staff. "I'm not sure this is in the best interests of their clients or their talent," Havas chief executive David Jones said in a statement. "
Publicis and Omnicom unveiled plans to merge the French and U.S. companies on Sunday to create the world's biggest advertising group, worth $35.1 billion.
July 26- Publicis Groupe SA and Omnicom Group Inc are in late-stage merger talks to create what would be the world's largest advertising group, Bloomberg reported, citing a person with knowledge of the matter.