Global cyber attack hits UK firms as WPP reports hack June 27, 2017 A massive cyber attack which has hit a number of institutions in Ukraine appears to be spreading across Europe. Several firms, banks and government offices in Ukraine began to report attacks earlier today caused by ransomware named “Petya”. London-based advertising giant WPP has reported problems with its IT systems caused by a “suspected cyber attack”, [...]
Q&A: Why are brands like Marks and Spencer pulling their advertising from Google? March 20, 2017 A newspaper investigation uncovered examples of several high profile brands being advertised against extremist content such as videos of a preacher banned from Britain and from white extremist David Duke insulting Jewish people. The BBC, Channel 4, The Guardian as well as the Financial Conduct Authority, Transport for London and the Royal Navy, advertising for [...]
Now banks have pulled their Google ad spend as Royal Bank of Scotland, HSBC and Lloyds pile on pressure March 20, 2017 Google is facing growing pressure over claims it's profiting from hate speech as some of Britain's biggest banks are the latest to pull their ads from YouTube. Royal Bank of Scotland, HSBC and Lloyds have suspended their advertising with the tech giant following an investigation which revealed household brand names were appearing next to offensive and extremist [...]
Why the FTSE 100 rises when sterling falls – explained in two charts March 15, 2017 The FTSE 100's strong recovery after the Brexit verdict in last June's referendum caught some investors off guard. After an initial wobble, the index surged. Three months later, it was 10.4% higher. But why? There may have been some other factors at play in those months, but one of the strongest drivers in the [...]
Why the FTSE 100 rises when sterling falls – explained in two charts March 15, 2017 The FTSE 100's strong recovery after the Brexit verdict in last June's referendum caught some investors off guard. After an initial wobble, the index surged. Three months later, it was 10.4% higher. But why? There may have been some other factors at play in those months, but one of the strongest drivers in the fortunes [...]
These are the FTSE companies with the highest and lowest chief executive pay ratios March 15, 2017 With AGM season around the corner, and remuneration set to be a top issue for investors, chief executive pay ratios could again be about to come under the microscope. And while the certain retailers could feel the heat, a number of City firms should be able to rest easy. Pensions & Investment Research Consultants (Pirc) has drawn [...]
WPP chief executive Martin Sorrell urges advertisers to show faith in newspapers as spending drifts to Google and Facebook March 14, 2017 Advertising grandee Sir Martin Sorrell has urged his industry to show faith in newspapers as more and more money drifts towards online giants. Sorrell, the founder and chief executive of WPP, said that at a time when Google, Facebook and Twitter stand accused of “giving a platform to hatred and fake news” there ought to [...]
WPP chief executive Sir Martin Sorrell’s share scheme pay falls more than 30 per cent (to £42m) March 9, 2017 Sir Martin Sorrell, the FTSE 100’s best-paid chief executive, raked in £42m from WPP’s long-term incentive scheme last year, it emerged today. The £41.56m is a reduction on £63m Sorrell made from the LEAP share scheme last year, meaning his overall package for the year is likely to reduce from 2015’s £70m to around £50m. [...]
Analysts react to WPP’s share slide March 3, 2017 WPP posted record revenues in 2016, but the advertising giant's shares fell by more than seven per cent this morning after it warned that economic growth in the year ahead would be "tepid". The media group headed up by Sir Martin Sorrell set a conservative growth estimate of two per cent for revenue and net sales in [...]
WPP gives cautious outlook despite record year with 26 per cent surge in annual profits March 3, 2017 The world's largest advertising group has said "tepid economic growth" is likely to cause a tricky 2017, despite reporting a record 2016 with profit before tax up 26.7 per cent. It's planning conservatively for the year ahead, after noting a slower fourth quarter in 2016 and slower start to 2017. Shares fell 6.02 per cent in early trading to 1,796p. [...]