The Week: City news - Creston delays expansion

Creston, the owner of Delaney Lund Knox Warren & Partners and Tullo Marshall Warren, has called a temporary halt to its US expansion plans because of adverse market conditions.

Steve Blamer, the former worldwide chief executive of FCB, who was hired to oversee the marketing services group's expansion plan, will continue to work on building the group's US profile. The company posted a pre-tax profit of £5.8 million for the six months to 30 September 2007, up from £4.9 million for the same period last year, while revenues rose by 27 per cent to £39 million.