Cordiant was down 5% in mid-afternoon trading to 94.5p, while Aegis climbed 2.04% to 100.25p. The win is a significant boost to the Aegis-owned Carat. Hyundai consolidated its entire £280 Hyundai/Kia account into Carat. Earlier this month, Aegis had predicted flat-to-negative growth for 2002.
Meanwhile, in the PR sector, Incepta, owner of Citigate Dewe Rogerson, jumped 3.4% to 48.5p, and Huntsworth, which owns Harrison Cowley and brand consultancy Stephanie Churchill, rose 2.4% to 21.5p.
Chime Communications, which owns PR firm Bell Pottinger and ad agency HHCL & Partners, was down 1.1% to 134p.
Elsewhere in the market services sector, WPP Group was up 1.1% to 707.5p, riding on the back of a generally strong performance on the FTSE by blue-chip stocks, despite a fall in tech stocks.
A lunchtime surge from the UK's biggest companies saw the FTSE 100 rise 0.7% to 5,230.7 points, while the FTSE Techmark fell 0.9% to 1,379 points.
Reflecting the market's rise this morning was Daily Mail owner Daily Mail & General Trust, which rose 4% to 661.50p, while investors flocked around news financial information group Reuters after it received a boost from Deutsche Bank.
A note from the bank highlighted that there was a prospective improvement in the group's returns profile in 2002 and 2003, which would help boost its share price.
It also drew attention to Reuters' ongoing restructuring and its recovery potential, sending its shares up 3.7% to 606.5p.
However, Telewest, which has recently shown a fairly buoyant performance on the stock market, fell 5.3% to 49.25p.
If you have an opinion on this or any other issue raised on Brand
Republic, join the debate in the .
.jpg)
.jpg)