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Wednesday,21 September 2022 at 16:12

Advertising giant WPP said on Wednesday that it has bought JeffreyGroup, an independent corporate communications, public affairs, and marketing consulting firm in Latin America, for an undisclosed sum.
 
JeffreyGroup will join the Hill+Knowlton Strategies international network and will create the largest global communications agency presence in Latin America, doubling Hill+Knowlton Strategies' footprint in the region.
 
The agency specialises brand and corporate communications programmes for clients across a broad range of industries, including Amazon, Johnson & Johnson and TikTok.

UK and European markets were higher as investors in the region braced themselves for another aggressive interest rate move from the U.S. Federal Reserve.

U.S. stocks gained as the Federal Reserve’s highly-anticipated rate announcement kept investors on edge.

Oil prices gave up early gains as a soaring dollar and global recession fears offset worries about a Russian military mobilization.

Gold priced higher.

Markets
At the close
FTSE 100 7,237 +0.63%
FTSE 250 18,714 +1.01%
DAX 12,767 +0.76%
At 17:15
Dow Jones 30,843 +0.45%
S&P 500 3,874 +0.48%
NASDAQ 11,464 +0.35%
Fixed Income
UK 10-YR YIELD 3.314
Exchange Rates
GBP/USD 1.132
GBP/EUR 1.146
Commodities
Gold $1,666 +0.26%
Brent $90.02 (-0.89%)
Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.

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