Asian advertising growth helps lift WPP profit in 2006
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Advertising and marketing giant WPP said Friday that net profit jumped by 19.8 percent in 2006 to 435.8 million pounds, as sales grew strongly across emerging powers, notably in Asia.
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UK-based advertising giant WPP is to buy US rival Grey Global in a deal worth $1.31bn . New York based Grey Global is the world&#39;s seventh largest advertising company and has a number of blue-chip clients, including Procter &amp; Gamble, 3M and Warner Bros.
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Growth in Chinese industrial output picked up last month, boosted by strong export demand, figures show.
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Omnicom Group Inc. , the  world's largest advertising services company, said on Tuesday  fourth-quarter profit rose nearly 10 percent as it reaped the  benefits of investments overseas, including China.
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WPP yesterday scored a victory for the big-is-best approach to the advertising business by winning a â¬1bn (Â£700m) Unilever account ahead of two smaller rivals.
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Procter & Gamble Co.   on Wednesday posted higher quarterly profit, boosted by sales of new products and continued gains in developing markets.
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Washington Post Co. WPO.N said on  Friday that quarterly profit jumped, beating analysts'  forecasts, boosted by results at its Kaplan education unit and  television broadcasting operations.
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Internet search engine Google says its ability to cash in on web adverts helped its profits triple in the last quarter of 2006.
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TONY JONES: To business news now and a sharp rebound in the advertising market has improved the fortunes of Australia&#39;s media giants.
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Dragged along by a booming China, East Asian countries should grow 7.6% this year, their best result since the region&#39;s 1997 financial crisis, the Asian Development Bank (ADB) said Monday.
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WPP releases 2006 results and says its presence in China will help it take advantage of the 2008 Olympics.
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Britain's manufacturing output rose during 2006, official figures have shown, representing the best performance since 2004.
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Asian shares rose on Thursday, led by exporters such as Honda and Samsung and resource stocks, after upbeat U.S. growth data eased worries about the health of the economy in Asia's biggest export market.
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Wyeth  on Thursday raised its  2006 profit forecast and said its recently approved Tygacil  antibiotic and three experimental medicines all could post  annual sales in the billions of dollars.
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Omnicom Group  on Tuesday reported a higher quarterly profit as the world's largest advertising group added several high-profile accounts to its roster and benefited from higher global ad spending.
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Wyeth  on Thursday raised its 2006 profit forecast and said its recently approved Tygacil antibiotic and three experimental medicines all could post annual sales in the billions of dollars.
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Cathay Pacific Airways Ltd. , Asia's third-largest carrier, posted a better-than-expected 49 percent rise in second-half earnings as passenger revenue rose and said it would increase fuel hedging to combat oil price volatility in 2007.