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Thursday, November 20, 2014

Advertising agency Publicis to unveil strategy plan on Dec 8, (NYSE: MS)

Publicis will unveil a four-year strategic plan on Dec. 8 and could provide details on its approach to shareholder returns after this month's deal to purchase digital advertising specialist Sapient for $3.7 billion. Chief Executive Maurice Levy told the Morgan Stanley Technology, Media, and Telecoms conference in Barcelona that the plan would include a pledge to continue to improve growth and margins."We'll give you more details on that and how we will deliver them," he said on Thursday.The French group has posted organic sales growth lagging that of its peers since its botched merger with rival Omnicom in May, though it still has the highest operating margins in the sector.Levy also reiterated an earlier dividend promise for Publicis eventually to pay shareholders 42 percent of its profit.

Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS traded higher by 0.03% or $0.01/share to $35.48. In the past year, the shares have traded as low as $28.31 and as high as $36.44. On average, 9982050 shares of MS exchange hands on a given day and today's volume is recorded at 5748663.