Derwent London Plc, the landlord that develops mid-priced office space in central London, gained permission for a 125 million-pound ($196 million) redevelopment of the site of Saatchi & Saatchi Ltd.’s London office.
Publicis Groupe SA, the French company merging with Omnicom Group Inc. to form the world’s biggest advertising company, said first-quarter sales rose 2.2 percent as Europe showed a “fragile” recovery and demand improved in emerging markets.
Slovak Economy Minister Juraj Miskov plans to eliminate red tape and relax labor laws as the former advertising executive seeks to attract investors to what he says can be the Singapore of eastern Europe.
The banks working on the largest advertising merger in history will probably miss out on the bulk of $70 million in fees after Publicis Groupe SA and Omnicom Group Ltd. terminated talks on a combination.
Microsoft Corp. , Yahoo! Inc. and Google Inc. have taken their battle to become the online advertiser of choice to the sandy shores of Cannes, wining, dining and making pitches to the world’s biggest ad agencies.