Wieden + Kennedy Portland has topped the Bestads 2012 rankings, with Wieden + Kennedy New York coming in at number five.

Bestads said:

"The prolific Wieden & Kennedy, Portland has been ranked the world's number one advertising agency in the 9th Annual Bestads Rankings, released today.

The world's hottest shop was ahead of second placed BBH London, followed by DDB Group New Zealand and DDB New York in equal third spot, and Wieden & Kennedy, New York in fifth position."

Wieden + Kennedy London was ranked number five in the UK.

Unwrap those presents, don your paper hat and quaff that Champagne – Christmas Day is here at last.

To all those turkey cookers, cranberry sauce makers and Brussels sprout nurturers, this is your day.

Savour it.

Merry Christmas from W+K.

And here’s a little message from Tesco, too.

Paper hat, model's own.