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WPP Acquires New Commercial Arts

BRIEF-WPP Acquires New Commercial Arts Sept 10 (Reuters) - WPP PLC WPP.L : WPP PLC - ACQUISITION WPP PLC - ACQUIRES NEW COMMERCIAL ARTS Source text for Eikon: ID:nRSJ6002Da Further company coverage: WPP.L
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Equity index futures ease after US holiday weekend

LIVE MARKETS-Equity index futures ease after US holiday weekend S&P 500 e-minis down 0.6%, Nasdaq e-minis down 0.8% STOXX 600 down 0.5% Dollar, bitcoin edge up; gold down; oil falls US 10-yr Treasury yield dips to 3.87% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EQUITY INDEX FUTURES EASE AFTER US HOLIDAY WEEKEND S&P 500 e-minis EScv1 were lower early on Tuesday as US investo
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Weak dollar could pressure Europe's media companies

LIVE MARKETS-Weak dollar could pressure Europe's media companies STOXX 600 down 0.4% Miners, energy lag Wall Street futures lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com WEAK DOLLAR COULD PRESSURE EUROPE'S MEDIA COMPANIES Europe's media companies .SXMP could be particularly sensitive to foreign exchange rates, analysis from Citi found, especially large-cap companies, give
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Disney, Reliance overcome cricket concerns to win approval for $8.5 bln India merger

UPDATE 4-Disney, Reliance overcome cricket concerns to win approval for $8.5 bln India merger Reliance-Disney aim to create India's biggest entertainment company Companies clear antitrust hurdle after cricket rights scrutiny Both offered concessions to win approval, source says Adds analyst comment, context of deal in paragraphs 12, 14 By Aditya Kalra and Nandan Mandayam BENGALURU, Aug 28 (Reuters) - Walt Disney Co DIS.N and Reliance Industries RELI.NS won approval on Wednesday for an $8.5 billi
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To seal India merger, Disney-Reliance may need to dilute cricket dominance

ANALYSIS-To seal India merger, Disney-Reliance may need to dilute cricket dominance Disney-Reliance face antitrust challenge on India media merger An investigation could delay the merger timeline Firms may need to offer selling cricket broadcast rights-lawyers By Arpan Chaturvedi, Aditi Shah and Aditya Kalra NEW DELHI, Aug 22 (Reuters) - The Indian antitrust body's opposition to a proposed $8.5 billion merger of the Indian media assets of Walt Disney DIS.N and Reliance RELI.NS may force the comp
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India flags cricket rights concerns with Disney-Reliance $8.5 bln merger

RPT-EXCLUSIVE-India flags cricket rights concerns with Disney-Reliance $8.5 bln merger Repeats late Tuesday item with no change to text Watchdog concerned about combined cricket broadcast rights Companies can still win approval with more concessions -sources Disney, Reliance aim to create India's No. 1 entertainment giant By Aditya Kalra NEW DELHI, Aug 20 (Reuters) - India's antitrust body has reached an initial assessment that the $8.5 billion India merger of Reliance and Walt Disney media asse
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India flags cricket rights concerns with Disney-Reliance $8.5 bln merger

RPT-EXCLUSIVE-India flags cricket rights concerns with Disney-Reliance $8.5 bln merger Repeats late Tuesday item with no change to text Watchdog concerned about combined cricket broadcast rights Companies can still win approval with more concessions -sources Disney, Reliance aim to create India's No. 1 entertainment giant By Aditya Kalra NEW DELHI, Aug 20 (Reuters) - India's antitrust body has reached an initial assessment that the $8.5 billion India merger of Reliance and Walt Disney media asse
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India flags cricket rights concerns with Disney-Reliance $8.5 bln merger

EXCLUSIVE-India flags cricket rights concerns with Disney-Reliance $8.5 bln merger Watchdog concerned about combined cricket broadcast rights Companies can still win approval with more concessions -sources Disney, Reliance aim to create India's No. 1 entertainment giant Adds context on cricket spends, details in paragraph 10, 18-21 By Aditya Kalra NEW DELHI, Aug 20 (Reuters) - India's antitrust body has reached an initial assessment that the $8.5 billion India merger of Reliance and Walt Disney
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KKR is in talks for $500 million private debt to fund FGS deal - Bloomberg News

MEDIA-KKR is in talks for $500 million private debt to fund FGS deal - Bloomberg News -- Source link: https://tinyurl.com/2bam5fx5 -- Note: Reuters has not verified this story and does not vouch for its accuracy
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AstraZeneca, Beazley, Puma

EUROPE RESEARCH ROUNDUP-AstraZeneca, Beazley, Puma Aug 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AstraZeneca, Beazley and Puma on Monday. HIGHLIGHTS * AstraZeneca AZN.L : TD Cowen raises target price to 14,860p from 13,945p * Beazley BEZG.L : Jefferies raises target price to 1,020p from 975p * Puma SE PUMG.DE : Baader Helvea raises to buy from add * Quilter Plc QLT.L : Berenberg raises target price to 135p from 105p * WPP
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London's FTSE 100 extends recovery to second day on financials, corporate earnings boost

UPDATE 1-London's FTSE 100 extends recovery to second day on financials, corporate earnings boost For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 1.8%, FTSE 250 adds 1% Banks and financial services stocks lead broad gains TP ICAP surges after a rise in half-year pre-tax profit Updated at 1600 GMT By Pranav Kashyap and Medha Singh Aug 7 (Reuters) - London stocks broadly rose for a second straight session on Wednesday, with gai
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KKR’s corporate PR deal hangs on more bad news

BREAKINGVIEWS-KKR’s corporate PR deal hangs on more bad news The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic. By Karen Kwok LONDON, Aug 7 (Reuters Breakingviews) - In the midst of every crisis, lies great opportunity. KKR’s KKR.N latest deal seems inspired by Albert Einstein’s famous quote.
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Amazon Prime Video plots Hollywood expansion

FOCUS-Amazon Prime Video plots Hollywood expansion By Dawn Chmielewski and Greg Bensinger Aug 7 (Reuters) - When Mike Hopkins was approached about leading Amazon AMZN.O Prime Video, his view of the streaming service matched one held widely in Hollywood -- it was nothing more than a perk for subscribers of the online retailer’s two-day delivery service.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Aug 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** U.S. private equity firm KKR&Co KKR.N plans to help Japan's Fuji Soft 9749.T go private under a management buyout worth about $4.09 billion, the Nikkei website said. nL1N3JU0HM ** British ad group WPP WPP.L is selling its controlling stake in financial PR agency FGS Global to minority shareholder KKR for $775 million in cash, which it will
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London's FTSE 100 boosted by financials, corporate earnings

London's FTSE 100 boosted by financials, corporate earnings For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.7%, FTSE 250 adds 0.6% Financial stocks like banks and brokerages lead broad gains TP ICAP surges after a rise in half-year pre-tax profit Aug 7 (Reuters) - London stocks inched higher for a second session on Wednesday, boosted by financial stocks and corporate earnings, as markets stabilized after a global stocks rou
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UK ad group WPP falls on downbeat H1 results, forecast cut

BUZZ-UK ad group WPP falls on downbeat H1 results, forecast cut ** Shares in WPP WPP.L down 1.1% at 709.2p, among top losers on FTSE 100 .FTSE index ** British ad group cuts annual rev growth forecast after drop in H1 growth ** Sees FY organic growth to be between negative 1% and zero vs previous flat to 1% rise forecast ** Says "have seen pressure
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WPP sells stake in FGS Global to KKR, downgrades guidance

UPDATE 2-WPP sells stake in FGS Global to KKR, downgrades guidance Sells stake of just over 50% for $775 million to partner Downgrades full-year growth forecast to -1% to zero Seeing pressure from smaller clients Adds shares in paragraph 3, more CEO comments in 9-10 By Paul Sandle LONDON, Aug 7 (Reuters) - British ad group WPP WPP.L is selling its controlling stake in financial PR agency FGS Global to minority shareholder KKR for $775 million in cash, which it will use to reduce debt.
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KKR To Acquire Majority Position In FGS Global

BRIEF-KKR To Acquire Majority Position In FGS Global Aug 7 (Reuters) - KKR & Co Inc KKR.N : KKR TO ACQUIRE MAJORITY POSITION IN FGS GLOBAL TO SUPPORT LONG-TERM GROWTH; FGS TO BECOME STANDALONE COMMUNICATIONS AND PUBLIC AFFAIRS CONSULTANCY KKR & CO INC - FGS VALUED AT $1.7 BILLION KKR & CO INC - TRANSACTION EXPECTED TO CLOSE BY YEAR-END KKR & CO INC - TO ACQUIRE MAJORITY POSITION IN FGS GLOBAL KKR: AS A RESULT OF THE TRANSACTION, THE EQUITY INTEREST OF FGS’S OVER 500 EMPLOYEE SHAREHOLDERS WILL
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WPP agrees to sell stake in FGS Global to KKR for $775 million

WPP agrees to sell stake in FGS Global to KKR for $775 million LONDON, Aug 7 (Reuters) - British ad group WPP WPP.L on Wednesday agreed to sell its controlling stake in FGS Global to minority shareholder KKR for $775 million, implying an enterprise value for the financial PR agency of $1.7 billion. WPP, which also downgraded its 2024 guidance on Wednesday, said it would use the proceeds to reduce its debt.
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UK Stocks-Factors to watch on August 7

UK Stocks-Factors to watch on August 7 Aug 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 1.3%. * OIL : Oil prices slipped in early Asian trading following a brief rebound in the previous session after industry data showed an unexpected build in U.S. crude oil and gasoline inventories, offsetting global oil supply concerns.
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