Posts Tagged "City news"

Revenue increased by 10 per cent to £281.6m in the 2016 financial year, up from £255.9m in 2015. Operating profit increased by 27 per cent to £169.6m, from £133.1m, and earnings per share grew to 12.67p per share, up from 0.85p per share.This is the first set of full-year results the company has reported since listing on the London Stock Exchange in March last year. The company got off to a good start when it floated, with shares up 13 per cent on the first day of trading – and the stock has continued to perform well since, hitting an all time high in November when the group announced its first dividend.

The events organiser, which hopes to conclude the sale of its PR Newswire and Agility businesses in coming weeks, said performance since the start of the year had been in line with management expectations. Larger events continued to drive performance, most notably Game Developers Conference, MAGICVegas, Enterprise Connect, MD&M West and Hotelex/FineFoods, UBM said.

News Corp press release: In a statement released with the earnings, the media firm said: “While we believe in the strength of our print properties, we are also investing energetically in the rapid pursuit of digital which is clearly evident in the transition at Dow Jones.

“At Dow Jones this quarter, digital accounted for more than 50% of total revenues for the first time, and digital-only subscribers at the Wall Street Journal grew to 893,000, representing nearly 45% of the base.”

A 23 percent year-over-year jump in digital advertising revenues as print losses begin to subside

The company said organic revenue growth was 5.1% with 3.9% growth from acquisitions and 1.5% from currency fluctuations. By comparison the Interpublic Group last week reported organic revenue growth of 6.7%, Omnicom 3.8% and Publicis Groupe 2.9%

Havas reported that its revenue grew 7.8% in the first quarter to 506 million euros (about $569 million at today’s exchange rate) with organic growth, which strips out the impact of currency fluctuations, acquisitions and asset sales, was 3.4%.

The world’s biggest advertising group has reported strong revenue growth in the first quarter as client spending in the US, UK and western Europe “perked up”. But warned that clients generally remained cautious amid a host of business pressures and geopolitical uncertainty

The strength of the U.S. dollar continued to suppress revenue growth at Omnicom Group in the first quarter: revenues worldwide were up just 0.9% to about $3.5 billion. The company said currency fluctuations in the first quarter cost it about $97 million in top line growth. Organic growth, which excludes the impact of currency fluctuations, acquisitions and asset sales, was better — up 3.8% globally and 4.5% in the North America market, which accounts for 61% of the company’s business

World’s third largest advertising group sees growth in first quarter after structural shake-up

Press Release: As part of the Sunday Times Profit Track 100: Private Companies with the fastest growing profits – Dennis Publishing is proud to announce that it has made The Sunday Times Top 10 Rising Companies list for the first time

Online news network figures raise questions about very high valuations put on new media groups

Independent integrated agency Four Communications Group (Four) has been named no.73 in the Sunday Times BDO Profit Track 100 league table, which ranks Britain’s 100 private companies with the fastest-growing profits over the latest three years

Increase comes after cuts to editorial and marketing budgets and a decline in printing costs

Rupert Murdoch’s News Group Newspapers pushed to loss as value of publishing rights falls and £50m is set aside to deal with continuing cost of hacking scandal

Local newspaper publisher, whose titles include the Eastern Daily Press and Ham & High, achieves 20% increase without cutting staff

German media group’s online expansion helps offset falling revenues from newspaper operations

Advertising group made strong end to 2015 and is above target this year, but its chief says there is uncertainty

Trinity Mirror, owner of the Mirror newspaper, has reported a sharp drop in annual profits as it launches a new daily title

Havas’ organic growth was 5.1 per cent last year globally. The UK business recorded revenue of €286 million; an 18.7 per cent year-on-year increase. Organic growth for the UK was 4.4 per cent in 2015, described by the company as a strong performance against a high baseline

Business analytics division, helping companies detect fraud, moves centre stage