Whilst media outlets were clamouring for WPP's take on relinquishing the title of world's largest media agency, the next band of media groups were quietly going about their business, with executives rallying their agencies and shares prices on the up.

Search giant Google is revelling in its success today after posting its first-ever $50 billion year in revenue and exceeding Wall Street projections for the company's financial results.

Swiss bank UBS is suing Nasdaq over "gross mishandling"over shares purchased during the infamous Facebook IPO flotation - which helped the company to a loss of 130m Swiss Francs.

Online gaming company Zynga has suffered a disastrous drop in share value after its $10-a-share flotation has plummeted to a paltry $3.18 - a loss of nearly 70%.