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WPP's Y&R Advertising opens majority-owned agency in Myanmar

Thu 23rd May 13, 07:21

FTSE 100 listed advertising multinational WPP has reported that Y&R Advertising has opened Y&R Yangon, making it one of the first international networks to open a majority-owned advertising agency in Myanmar.

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Ticker at dawn: Asian markets

Nikkei: -7.32% (14,483.98 points). Shanghai Se Composite: -0.21% (2,296.86 points). Hang Seng Index: -2.37% (22,708.67 points). 32 minutes ago

Support and resistance levels for the main securities

Euro/Dollar: 1.2744/1.30. Ftse 100: 6,535/6,950.60. S&P 500: 1,576/1,687. 36 minutes ago

Pearson shakes up group structure in drive for growth

Pearson, the FTSE 100-listed publishing and education firm, on Thursday announced plans to shake up its organisational structure in an effort to tap into new growth opportunities. 50 minutes ago

Emerging market expansion boosts SABMiller

Beverage giant SABMiller ramped up annual revenue after strong growth in developing markets with lager volumes increasing in all divisions except North America. 55 minutes ago

London pre-open: FTSE 100 set to plunge after Bernanke speech

City sources predict the FTSE 100 will open down 125 points from yesterday's close of 6,840, after US Federal Reserve Chairman Ben Bernanke delivered his highly-anticipated speech to Congress last night. 1 hour ago

Thursday tips round-up: Great Portland Estates, Capita, Primary Health

At a 33 per cent premium to their net asset value one could be forgiven for worrying that shares of Great Portland Estates are considerably overvalued. After all, that was the valuation reached just before the Great Bubble burst, with an all too familiar ending. Further, the company is essentially a big bet that the London office market will continue to thrive in the long-term. Having said that, the current Chief Executive has 'called the market' correctly before and in the last downturn the company bought land on the cheap. Significantly, 81 per cent of the firm´s assets are in the West End and not just in London. This area has not seen the sort of rental growth witnessed during the early Noughties. Even so, there is no harm in taking some profits on shares that have outperformed, says The Times´s Tempus. 1 hour ago

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