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Michelin moves $43m US media from MediaCom to MEC

NEW YORK - Michelin has moved its estimated $43m US media planning and buying account from MediaCom to WPP sister agency Mediaedge:cia.

TMW staff saddle up in Christmas tribute to Mick Costella

LONDON - Staff at direct and digital agency Tullo Marshall Warren have started cycling in their front window to raise money for a Tanzanian village in tribute to their director of strategy Mick Costella, who died last December.

Mindshare wins £50m Randstad recruitment account

LONDON - WPP's Mindshare has won the £50m global media planning and buying account for Randstad, the world's second-largest recruitment group.

ZenithOptimedia predicts global ad spend to grow in 2010

LONDON - ZenithOptimedia is predicting global ad markets will increase 0.9% in 2010 to almost $448bn (£274bn) and expects ad expenditure to show steady improvement over the next three years, with growth of nearly 5% by 2012.

GroupM puts spotlight on print ROI

NEW YORK - WPP's media purchasing giant GroupM has adopted AdMeasure, a ratings service that focuses on consumer magazine advertising accountability.

BPI shifts €60m global perfume account to Carat

LONDON - The owner of perfume brands including Jean-Paul Gaultier has moved its estimated €60 million (£54 million) global account from MPG to Carat after a four-way pitch.

WPP hit by 8.7% organic revenue drop but shares rise

LONDON - WPP Group, owner of Ogilvy Advertising and Mediaedge:cia, has suffered an organic revenue fall of 8.7% but has declared that "less worse" economic conditions mean there has been "no Armageddon" for the industry.

Havas' third quarter revenues fall by 9.3%

PARIS - Havas', owner of Euro RSCG and MPG, third quarter revenues dropped 9.3%, with the UK hit particularly hard, according to figures released today.

Publicis finalises Razorfish cash and shares deal

LONDON - Publicis Groupe, the world's fourth largest communications group, has finalised its purchase of digital agency Razorfish from Microsoft in a cash and shares deal worth in excess of $500m.

Trading Places (2 Oct): This week's people moves in advertising, marketing and media

LONDON - CBS Outdoor, Global Radio, Yo! Sushi and News International make the headlines as Brand Republic rounds up the week's major industry moves across the advertising, marketing, digital and media markets.

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