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Next Fifteen share price jumps on bid talk

LONDON - Shares in AIM-listed public relations company Next Fifteen Communications Group jumped 20% yesterday morning as it confirmed it was in talks with two of its rivals about a potential bid.

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Huntsworth owned up immediately as one of the bidders although the other suitor, Chime Communications, took until lunchtime to acknowledge its involvement.

A week or so ago Chime denied it was in any talks when the recent rapid rise in its share price was highlighted in this Blog (see Chime's share price tripled since January).

Read more about the Next Fifteen story on Bob Willott's 'On the bottom line' blog.

Other stories from 'On the bottom line':

Dentsu confirms worst fears: A loss of £126m

Dentsu, Japan's biggest publicly listed marketing group, today confirmed this Blog's earlier prediction (see Massive investment write-down expected to wipe out Dentsu profit) and the market's worst fears as it announced that it expects to have incurred a loss of £126m (¥20,453m) for the year ended March 31 2009.

Chime's share price has tripled since January

The price of shares in Lord Bell's Chime Communications has tripled since the end of January while the FTSE All-Share Index has recovered by a mere 10%.

MDC Partners makes a quarterly profit...just

At long last the Canadian-based marketing group MDC Partners that owns US agency Crispin Porter & Bogusky may be showing tentative signs of operating at a profit.

Having accumulated losses to date of $113m, of which $60m arose in 2006 and 2007 alone, the group reported a small profit last year -- but only after benefitting from a $13.3m currency gain (see Currency gains save MDC from yet another loss).

LBi confirms revenue downturn as two executives depart

International digital marketing and technology group LBi International has reported a loss of €2.5m (£2.4m) for the first quarter of 2009 as revenues declined by 8.5% from the level achieved in the first quarter of 2008 and fell below those achieved in any quarter in the last two years.

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