According to reports, media giant Omnicom is allegedly plotting the launch of a third digital agency, standing alone from incumbents OMD and PHD, to compete with Publicis and WPP.

Media giant Omnicom have announced a rise in pre-tax profits of $482 million (£316.7 million) in the three months to the end of June 2013, up 2.3% on Q2 in 2012.

Omnicom agency OMD have consolidated their media business with diet brand Weight Watchers, according to Campaign Magazine.

Japanese tech monolith Sony has selected WPP's MediaCom to manage global media planning for its mobile division as well as European media.

Ahead of Wednesday's awards announcement at the international advertising festival, British agencies OMD and Maxus are leading the pack with two nominations each, according to Campaign Magazine.

Havas Media group's agency Arena is celebrating a double victory after wins of LG's $400m global media business as well as Betfair's £15m media planning and buying account for Europe.

Using data "supplied exclusively to Campaign" via Nielsen, Maisie McCabe's report revealed an overall decline in billings for the top 100 creative agencies and top 50 media agencies during 2012.

Micro-blogging social network Twitter has released their list of the best marketing campaigns used on its platform over the last year, with mobile rebrand Everything Everywhere taking top spot as the most successful example of Twitter advertising.