News & Comment
Marketing and advertising group Adventis is eyeing new financial service sector acquisitions after a 52 per cent interim profits increase.
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Recommendations
Marketing agency Media Square, still undergoing a rigorous restructuring under executive chairman Roger Parry, is facing fragile conditions in its markets including a likely ongoing squeeze on advertising spending.
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Five months into his reign at troubled marketing communications group Media Square, executive chairman Roger Parry’s restructuring campaign is building up a head of steam.
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Media Square
SPECULATIVE BUY 18/04/2007
Business seems to be picking up at Media Square, the once revered marketing services venture led by Jeremy Middleton that delivered a shock profits warning last year.
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Marketing services counter Media Square beat City forecasts with record profits for the 16 months to the end of February.
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Fast-growing marketing services and communications play Media Square marched in with excellent annual numbers to October and says it will consider a maiden dividend at the interim stage in June.
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Media Square has almost completed a £3 million fundraising that chairman Kevin Steeds believes will allow the group to accelerate its growth plans and boost its acquisition activity. According to Steeds, institutions such as Rathbones, Artemis and Legal & General have been so keen to take shares in his marketing communications group that he has had to 'scale people back.'
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Media Square
NO RECOMMENDATION 19/12/2001
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Sector Articles
Advertising budgets received their steepest cutback in two years in the fourth quarter of 2007, following three quarters of strong growth.
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Kelvin MacKenzie, chairman of AIM-listed marketing services and communications group Media Square, has expressed his anxiety over the current state of the media sector, which he sees as undergoing ‘a very strange period’.
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