News

WPP cheered the City yesterday as its half-year profits surged almost 20 per cent to £429m and the advertising giant promised to keep raising the dividend.

WPP predicts fall in 2009 revenue and warns of jobs losses

The advertising and public affairs giant WPP yesterday predicted a 2 per cent fall in 2009 sales as advertising continues to suffer from troubled firms reining in their spending on marketing and promotions.

Davos diary: 31/01/2009

It's your own time you're wasting, son

Niall Ferguson has obviously learnt a trick or two about dealing with unruly students during his many years in academia. The economic historian's lecture yesterday was fascinating stuff, but one audience memberclearly had his mind on other things, tapping wilfully away on hisBlackberry for much of the seminar. Unfazed, Ferguson addressed the miscreant directly. "I don't care how important whatever you're writing on that Blackberry is," Ferguson told him. "It won't be as important as what I'm about to say."

Jeremy Warner: In downbeat Davos, the happy capitalist is hard to find

Outlook If you want to cheer yourself up amidst all the economic gloom and doom, visit the World Economic Forum annual meeting here in Davos, where the mood is one of unrelenting "can do" optimism, as you would expectof business leaders for whom no challenge is too great.

Scardino and Sorrell disclose loans to FSA

As the disclosures of share-secured loans taken out by various company directors was made before yesterday's deadline, Dame Marjorie Scardino and the advertising guru Sir Martin Sorrell were among the directors whose loans were revealed.

WPP warns of 'very tough' 2009

Strong growth outside Europe and the US has buoyed its sales figures

WPP refuses to raise £1.1bn offer for TNS

Sir Martin Sorrell issues 'take it or leave it' message to rebel shareholders in Taylor Nelson Sofres as he tries to end bid battle

German firm GfK pulls out of TNS takeover

GfK, the German market information group, has pulled out of the running to take over Taylor Nelson Sofres (TNS), its UK counterpart, leaving Sir Martin Sorrell's WPP Group as the only (hostile) bid in town.

Advertising giant to woo TNS shareholders despite downturn

Sir Martin Sorrell, chief executive of WPP, is expected to set out his stall for a takeover of market research group Taylor Nelson Sofres this week, as the advertising giant posts what is forecast to be a slump in interim results when it reports on Friday.

WPP makes hostile bid for TNS as GfK rallies rival private equity cash offer

The battle for TNS is hotting up: WPP has made a hostile £1.1bn bid for the company; the plans for a TNS-GfK merger have been pulled; and GfK is trying to put together private equity funding for an all-cash offer instead.

Jeremy Warner's Outlook: TNS: Sir Martin is still falling short

Taylor Nelson Sofres, the market research group, is right to reject Sir Martin Sorrell's latest takeover approach, despite the fact that in these markets, the mooted 260p a share might seem worth having. It's a big premium to where the shares were before the takeover spat began and to where they are likely to fall back to if Sir Martin decides to throw in the towel. Even capitalising the promised synergies, the board's preferred merger with GfK of Germany is in the short term unlikely to deliver as much value. So why do I say stick with TNS?

WPP's third bid for TNS is rejected

The tussle between WPP and TNS over the market research company's future took another twist yesterday with TNS's swift rejection of the advertising giant's third takeover proposal.

Winston Fletcher: Hard sell, soft options

Does this 'inside story' of advertising from one of its gurus wash whiter? Stephen Bayley hears the pitch

Jermey Warner's Outlook: Sorrell faces up to Taylor Nelson merger

Know your rival is the best defence in any takeover battle. Donald Brydon, the veteran City fund manager who chairs the market research company Taylor Nelson Sofres, will know the characteristics of Sir Martin Sorrell, chief executive of WPP, only too well.

Jeremy Warner's Outlook: Is Britain heading for a hard landing?

Is the British economy about to fall off a cliff? That's not the story told by the latest GDP figures, which show that, though activity is definitely slowing, the economy was still a robust 2.5 per cent bigger in the first quarter than a year earlier.

News
The Banksy image in Folkestone before it was vandalised
people
Life and Style
tech

Sales of the tablet are set to fall again, say analysts

Sport
Louis van Gaal at the Hawthorns prior to Manchester United's game against West Brom
football

Follow the latest updates from the Monday night Premier League fixture

News
i100
Arts and Entertainment
Bloom Time: Mira Sorvino
tvMira Sorvino on leaving movie roles for 'The Intruders'
News
Brian Harvey turned up at Downing Street today demanding to speak to the Prime Minister
news

Met Police confirm there was a 'minor disturbance' and that no-one was arrested

Arts and Entertainment
George Lucas poses with a group of Star Wars-inspired Disney characters at Disney's Hollywood Studios in 2010
films

George Lucas criticises the major Hollywood film studios

Voices
Chris Grayling, Justice Secretary: 'There are pressures which we are facing but there is not a crisis'
voices

Does Chris Grayling realise what a vague concept he is dealing with?

Life and Style
A street vendor in Mexico City sells Dorilocos, which are topped with carrot, jimaca, cucumber, peanuts, pork rinds, spices and hot sauce
food + drink

Trend which requires crisps, a fork and a strong stomach is sweeping Mexico's streets

News
Blackpool is expected to become one of the first places to introduce the Government’s controversial new Public Space Protection Orders (PSPOs)
news

Concerns raised phenomenon is threatening resort's image as a family destination

Career Services

Day In a Page

Independent Travel
Vietnam & Cambodia
Pompeii, Capri & the Bay of Naples
Bruges
India & Nepal
Japan
Berlin, Dresden, Meissen & Colditz
Prices correct as of 17 October 2014
Oscar Pistorius sentencing: The athlete's wealth and notoriety have provoked a long overdue debate on South African prisons

'They poured water on, then electrified me...'

If Oscar Pistorius is sent to jail, his experience will not be that of other inmates
James Wharton: The former Guard now fighting discrimination against gay soldiers

The former Guard now fighting discrimination against gay soldiers

Life after the Army has brought new battles for the LGBT activist James Wharton
Ebola in the US: Panic over the virus threatens to infect President Obama's midterms

Panic over Ebola threatens to infect the midterms

Just one person has died, yet November's elections may be affected by what Republicans call 'Obama's Katrina', says Rupert Cornwell
Premier League coaches join the RSC to swap the tricks of their trades

Darling, you were fabulous! But offside...

Premier League coaches are joining the RSC to learn acting skills, and in turn they will teach its actors to play football. Nick Clark finds out why
How to dress with authority: Kirsty Wark and Camila Batmanghelidjh discuss the changing role of fashion in women's workwear

How to dress with authority

Kirsty Wark and Camila Batmanghelidjh discuss the changing role of fashion in women's workwear
New book on Joy Division's Ian Curtis sheds new light on the life of the late singer

New book on Ian Curtis sheds fresh light on the life of the late singer

'Joy Division were making art... Ian was for real' says author Jon Savage
Sean Harris: A rare interview with British acting's secret weapon

Sean Harris: A rare interview with British acting's secret weapon

The Bafta-winner talks Hollywood, being branded a psycho, and how Barbra Streisand is his true inspiration
Tim Minchin, interview: The musician, comedian and world's favourite ginger is on scorching form

Tim Minchin interview

For a no-holds-barred comedian who is scathing about woolly thinking and oppressive religiosity, he is surprisingly gentle in person
Boris Johnson's boozing won't win the puritan vote

Boris's boozing won't win the puritan vote

Many of us Brits still disapprove of conspicuous consumption – it's the way we were raised, says DJ Taylor
Ash frontman Tim Wheeler reveals how he came to terms with his father's dementia

Tim Wheeler: Alzheimer's, memories and my dad

Wheeler's dad suffered from Alzheimer's for three years. When he died, there was only one way the Ash frontman knew how to respond: with a heartfelt solo album
Hugh Bonneville & Peter James: 'Peter loves his classic cars; I've always pootled along fine with a Mini Metro. I think I lack his panache'

How We Met: Hugh Bonneville & Peter James

'Peter loves his classic cars; I've always pootled along fine with a Mini Metro. I think I lack his panache'
Bill Granger recipes: Our chef's heavenly crab dishes don't need hours of preparation

Bill Granger's heavenly crab recipes

Scared off by the strain of shelling a crab? Let a fishmonger do the hard work so you can focus on getting the flavours right
Radamel Falcao: How faith and love drive the Colombian to glory

Radamel Falcao: How faith and love drive the Colombian to glory

After a remarkable conversion from reckless defender to prolific striker, Monaco's ace says he wants to make his loan deal at Old Trafford permanent
Terry Venables: Premier League managers must not be allowed to dictate who plays and who does not play for England

Terry Venables column

Premier League managers must not be allowed to dictate who plays and who does not play for England
The Inside Word: Brendan Rodgers looks to the future while Roy Hodgson is ghost of seasons past

Michael Calvin's Inside Word

Brendan Rodgers looks to the future while Roy Hodgson is ghost of seasons past