WPP’s Q3 revenue numbers today were solid, but with few real surprises. Year on year organic revenue growth of +5.0% maintained the similar rate already reported for July while also being slightly ahead of rivals Omnicom and Publicis. Scanning the numbers being reported there are four main points that stand out. 1) UK organic revenue […]
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My iPhone weather App is like a set of Agency results. It gives me a largely coincidental view of the weather if I don’t want to look out of the window, but is pretty useless as a meaningful forecasting tool. With two of the big four agencies reporting, are we much the wiser? Omnicom edged […]
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Am I missing something here? No sooner than central bankers on both sides of the pond had impressed upon us the importance of managing expectations and newsflow for fickle markets, than Bernanke throws us a very curved ball. Was this the same person that has for months been sending out signals of tapering QE, that […]
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Oh la la, Omnicom is to be bracketed by Publicis to become part of the greater “Publicis Omnicom Groupe” with deal to be signed in Paris rather than New York or a neutral country. Does this mean a corporate coup for the French or will the emergence of a balanced board and possible removal of […]
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Business struggles to deliver above market organic growth and therefore resorts to sector consolidation to cut costs and obscure the maturing growth profile. It is a well enough used stratagem. Pharma has been there and done it, Telecom consolidation is currently in full flood and once again, major consolidation is being proposed in the marketing […]
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A Friday announcement ahead of a sunny weekend and in the middle of the results season and school holidays is usually a good time to dribble out some news that you don’t want attracting too much attention. So today we have the announcement by Informa that it is dumping 5 of its training businesses for […]
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Before we all get bogged down in the Q2 results season which is beginning to gather pace I think it is good to remind ourselves of one part of the financial burden that is to crush us if interest rates rise to more normalised levels – that is the scale of Govt, household and non-financial […]
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Benanke does some back-peddling on tapering and we’re back to the ‘good’ times again. More easing of course spells a weaker dollar, which after its recent surge, was ripe for some profit taking. On the other side of this trade, Â equities and commodities rose, including at last gold. Â – nice to see life is now […]
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