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Cello Group executive chairman Steeds passes away

LONDON - Cello Group executive chairman Kevin Steeds has passed away after a four-month fight with cancer.

WhichMedia appoints Coyle for executive role

LONDON - Following recent account wins, WhichMedia, the Cheshire-based media planning and buying agency, has appointed James Coyle as media executive.

Aegis shares leap on back of takeover speculation

LONDON - Shares in Aegis leapt by more than 20% following the sudden departure of chief executive Robert Lerwill yesterday, driven by the expectation that his exit will pave the way for a takeover by French rival Havas.

Havas organic growth slips in third quarter

PARIS - Havas has reported that organic growth for the third quarter of 2008 was up by 1.5%, compared with 9.3% for the same period last year, which it blamed on the loss of the Dell account in Asia Pacific and a tough North American market.

Targetbase Claydon Heeley ties up with Alterian

LONDON - Targetbase Claydon Heeley has signed a deal to use data specialist Alterian's integrated marketing software, enabling the agency to extend the range of services it offers clients.

List abuse on the rise

LONDON - The misuse and abuse of marketing lists increased in 2008, with the recruitment and office equipment sectors the worst abusers, according to annualised figures from the data specialist DQM Group.

Royal Mail's half-year profits double despite fall in postal volumes

LONDON - Royal Mail's mail volumes fell 4% in the six months to the end of September, as the advertising downturn hit direct mail volumes and businesses cut costs by switching to other communications such as email and online.

Aegis aquires sustainability agency Clownfish

LONDON - Aegis Group has acquired the brand agency Clownfish, whose clients include Unilever and Tesco across two offices in London and New York, for an undisclosed sum.

Glasson takes over as Gyro CEO after departure of Brine

LONDON - Gary Brine, chief executive of Gyro International, has left the agency he founded 17 years ago, and is being replaced by Richard Glasson.

WPP tells TNS shareholders its offer is final

LONDON - WPP Group has warned TNS shareholders it is not going to raise its £1.1bn bid for the market research company and said that the offer on the table was final.

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