WPP breached law in Kenya over personal data of former CEO Scangroup Tech Advertising giant WPP has been found liable for breaching Kenya's data protection law when handling the personal data of the former CEO of its subsidiary and man suing it for over $30m
Sir Martin Sorrell: Tax hikes risk hurting UK productivity Economics The government’s potential tax hikes and changes to investment relief could drive capital abroad, discourage hiring and stymie productivity, former WPP chief Sir Martin Sorrell has warned ahead of tomorrow’s Autumn Statement.
WPP: New deals with Amazon and Unilever drive growth Business Like-for-like revenue at advertising giant WPP ticked up 4.1 per cent in the quarter to 30 September, despite a decline in business outside of the US and Europe. However, net new billings declined year-to-date. The figure came in at $3.2bn (£2.5bn) compared to $3.4bn (£2.6bn) in 2023. However, other regions struggled. Revenue in the UK [...]
Microsoft chief executive to chair government’s industrial strategy council October 13, 2024 The chief executive of Microsoft UK will chair a new body to advise the government on its industrial strategy. Clare Barclay will head up the industrial strategy advisory council, which will act as an interim advisory body until legislation is passed to put it on a statutory footing. The first meeting and full membership is [...]
S4 Capital: Revenue down and debt up at Sir Martin Sorrell’s ad giant September 19, 2024 Sir Martin Sorrell’s S4 Capital’s post-pandemic struggles have carried through into its latest results, which revealed a sharp decline in revenue and ballooning debt. The London-listed media holding group, which ad guru Sorrell founded after a sudden exit from WPP in 2018, saw its net revenue reduce by 15.6 per cent from £445.5m to £375.1m [...]
Investor Luke Johnson slams Labour’s ‘socialist fantasy’ workers’ rights reform September 17, 2024 Revolution Bars’ newly-appointed chair and seasoned investor Luke Johnson has criticised Labour’s proposed workers’ rights overhaul, calling it a “socialist fantasy.” Labour is preparing a sweeping reform to tackle the UK’s “culture of presenteeism,” including a ban on “exploitative” zero-hours contracts and day-one employment rights. The government argues the changes will drive employee productivity. However, [...]
Sir Martin Sorrell: Labour’s working week reforms won’t help firms September 17, 2024 British businessman Sir Martin Sorrell has said that altering the working week will not boost productivity in the UK, pushing back on Prime Minister Keir Starmer’s pledges to transform Britain’s work culture.
The UK tech and media companies making the most of AI August 16, 2024 As the artificial intelligence (AI) revolution sweeps through the tech and digital media sectors, some companies are embracing its potential more effectively than others, according to a recent report by Shore Capital. The investment firm has zeroed in on companies where AI is more than just a buzzword and can “accelerate an already positive investment [...]
WPP sells majority stake in FGS Global to KKR as group growth flounders August 7, 2024 WPP also reported its interim results in a separate announcement. Despite flat revenue at £7.2bn, there was a 2.6 per cent drop on a like-for-like basis.
Kylian Mbappe and five success stories of footballers who own teams August 2, 2024 As well as being potentially lucrative investments, team ownership can keep former players involved in the game without having to become managers.