WPP

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Iseq heavyweight CRH ending Wednesday 1% lower at €29.16. Its stock has been weak since late May when it was trading at €34.86

Media stocks weighed on European markets on Wednesday, led lower by sharp declines in advertising giant WPP after it cut sales forecasts on weakening (...)

Led by the high profile businessman Martin Sorrell, WPP said it had been hit in June and July as the likes of Unilever, Nestle and others cut their spending, while demand in the United States deteriorated further, in line with peers.  Photograph: Jonathan Brady/PA Wire

WPP, the world’s largest advertising group, cut its full-year sales target on Wednesday after consumer goods giants slashed their spending, forcing i(...)

Profitero cofounders (from left) Volodymyr Pigrukh, Dmitry Vysotski and Kanstantsin Chernysh

Irish-founded ecommerce analytics firm Profitero is to open an office in China as it looks to increase its presence in Asia-Pacific. The company, whi(...)

Competition and Consumer Protection Commission chairwoman Isolde Goggin: “The CCPC will use its powers to ensure that mergers that do not meet the required financial thresholds for mandatory notification, but that are likely to result in a substantial lessening of competition, do not go unchecked.”

Global media measurement group Kantar Media must sell part of Irish rival Newsaccess and release some of its customers from fixed contracts as a condi(...)

A ransomware demand for the payment of $300 worth of bitcoin sits on the screen of laptop infected by the Petya computer virus. Photograph: Vincent Mundy/Bloomberg

This week’s ransomware IT virus attack, which has spread from Ukraine to affect businesses around the globe, comes at a particularly inauspicious time(...)

British advertising giant WPP said it was assessing the situation. Photograph: Benjamin Fathers /AFP/Getty

A ransomware attack hit computers across the world on Tuesday, taking out servers at Russia’s biggest oil company, disrupting operations at Ukrainian(...)

“Media monitoring is a hugely important service to our sector, particularly monitoring of print and broadcast media,” said John Carroll, chief executive of PRII

The industry body for public relations practitioners wants competition regulators to force Kantar Media to divest a portion of its Irish business, ove(...)

Vice Media’s latest investment values it at $5.7bn

If proof were needed that the fortunes of old and new media companies are rapidly diverging, it could be found this week when Vice Media secured a $45(...)

Wall Street shares were flat as James Comey’s testimony began, then rose modestly as investors digested his performance. Photographer: Michael Nagle/Bloomberg

It was dubbed “Super Thursday” by market-watchers, as the UK general election, a key Senate hearing in Washington and a meeting of the European Centra(...)

Although shares in Santander fell 0.9 per cent in choppy trade and Banco Popular’s were suspended, Santander said it would buy Popular and carry out a capital increase of around €7 billion.  Photograph: Ron Antonelli/Bloomberg

Banks and utilities supported European stocks on Wednesday, as there was a sense of relief among investors that Spain’s struggling Banco Popular was b(...)

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