Omnicom scoops up media giant IPG in $13bn deal
US advertising giant Omnicom Group has bought rival media holding company Interpublic Group in a $13.25bn (£10.4bn) deal that has uprooted the media industry and will make Omnicom the world’s large
Billionaire Renishaw co-founder Sir David McMurtry dies
The billionaire co-founder of engineering giant Renishaw has died at the age of 84, it has been announced. Sir David McMurtry founded the Wotton-under-Edge-based company with his former colleague John
Boohoo shares rebound from historic low amid battle over its future
Shares in fast fashion group Boohoo have recovered from a historic low as the battle over its future took another twist ahead of a crunch vote before Christmas. The Manchester-headquartered group, who
Ad market set to pass $1 trillion as UK readies for boom
The global advertising market is expected to sail past $1 trillion (£783bn) in value this year as the British ad market supercharges growth into 2025. “The UK advertising market will experience sig
Lendinvest inches closer to profit as fintech eyes housebuilding boost
Lendinvest is nearing a return to profitability as the property fintech eyes a boost from the new government’s housebuilding plans. The London-listed firm reported a pre-tax loss of £1.7m for the s
FCA facing High Court over interest rate hedging redress scheme
The City regulator faces the High Court this week over its IRHP redress scheme, as a cross-party group aims to overturn the scheme
Inside one fund’s £20,000 bet against Fundsmith
Mark Ellis, manager of the Nutshell Growth fund, is on the brink of winning £20,000 for his boss in an unusual way. Ellis spoke to City AM following the news that City grandee Michael Spencer had bec
Asda needs to ‘dig down into its soul’ and recover sense of purpose, say analysts
Asda needs to “dig down into its soul” and reshape its pitch to customers if it wants to tackle the rising threat from the likes of Aldi and Lidl following a rollercoaster 2024, analysts have warn
Channel 5 loses £160m ahead of major rebrand
Channel 5 has insisted its operating model remains stable despite losing almost £160m during 2023, it has been revealed. The channel, which is set to rebrand simply as 5 in April 2025, has slumped to
Wembley Park developer loses over £700m
The company behind the transformation of Wembley Park in London lost more than £700m during its latest financial year, it has been revealed. Quintain has reported a pre-tax loss of £721.7m for 2023,