Huntsworth plans acquisition drive after annual profits and revenue fall

HuntsworthGrayling and Citigate parent company Huntsworth has promised an acquisition drive in growth markets as it announced a 10.6 per cent drop in pre-tax profits for the year ended 31 December 2013.

The plan involves a deepening of its relationship with strategic partner BlueFocus, the China-based marketing group which this time last year agreed to buy 19.8 per cent of UK-listed Huntsworth.

BlueFocus and Huntsworth have signed a framework agreement for a joint venture, which the latter’s chief executive Lord Chadlington said would invest in growth countries, and especially in digitally strong firms in Asia-Pacific, “to complete the Huntsworth/BlueFocus global network”.

For the full story read PR Week