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Interpublic, the holding company behind McCann Erickson and Universal McCann, has produced a 76% rise in third-quarter net income to $45.6m (£28.6m).
Agencies are unconcerned by the immediate impact of last week's comprehensive spending review, with 90 per cent feeling positive about the final quarter of 2010, according to the quarterly Marketing Agencies Association survey.
Fashion brand Yves Saint Laurent is to distribute a preview of its new autumn/winter collection on the streets of London this weekend.
Leading direct, digital and sales promotion agencies are optimistic about the third quarter, with 87% confident that client budgets will stay the same or increase.
The Goverment's reasoning behind radical cuts at the COI is flawed and, for those concerned, frustrating and galling, but the opportunity to generate further evidence of advertising's effectiveness should now be grasped, writes Hamish Pringle, director general of the IPA.
Sir Martin Sorrell's WPP Group has recorded a revenue rise of 1.8% in the first five months of the year, according to a trading update at the advertising network's annual general meeting.
What do experts from 11 companies think will be the next big thing(s) in digital? Read and listen to what they have to say in essays and short films (via the links below) and see what happened when we brought them all together for a roundtable lunch debate. Videos produced by Sarah Johnson
Private equity investment can give a company heavy debt as well as cash, Bob Willott writes.
LONDON - Omnicom's first quarter revenues rose 6.3% to $2.92bn (£1.9bn), although profits slipped back marginally.
LONDON - Optimism in the wider economy is translating into increased ad budgets with marketing spend up for the first time in two-and-a-half years, according to the latest IPA/BDO Bellwether report.
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