Advertising tech giant AppNexus preparing to go public next year July 6, 2015 Pioneering advertising technology firm AppNexus is preparing to float on the stock market, in a move worth around $2bn (£1.27bn). Sir Martin Sorrell’s WPP advertising empire is a major shareholder in the firm, with a 15 per cent stake and a board seat. AppNexus is thought to be updating its practices to pave the way [...]
WPP is Cuba bound July 2, 2015 Communications giant WPP is about to set up shop in communist-led Cuba – an unprecedented step among the world’s major advertising agencies. The company, set up by Sir Martin Sorrell (inset) in 1971, will partner with state-owned Palco Group to make the move, which marks the latest stage in its Latin America expansion plan.
Martin Sorrell’s WPP heads to Cuba as part of Latin American expansion plan July 2, 2015 Communications giant WPP is about to set up shop in communist-led Cuba – an unprecedented step among the world's major advertising agencies. Read more: Cuba woos US banks as sanctions ease The company, set up by Sir Martin Sorrell in 1971, has partnered with state-owned Palco Group to make the move, which marks the [...]
Truffle Pig: WPP, Daily Mail and Snapchat just formed an ad agency to create social content June 23, 2015 The world's biggest advertising group, WPP, the world's biggest online publisher, the Daily Mail, and startup sweetheart Snapchat have formed the media equivalent of a musical supergroup to get adverts in front of eyeballs. The trio have launched an ambitious new venture forging together the world of technology, advertising and publishing with the creation of [...]
Tesco first quarter results and AGM: Three things to expect from Friday’s figures June 21, 2015 Tesco will update the market on its first-quarter figures – the first since reporting its biggest ever loss – while executives will face shareholders at its AGM. Here's what to expect from the supermarket on Friday. 1. The numbers will continue tumbling The supermarket’s first quarter is unlikely to tell a different story from the [...]
Google could make joint bid for Tesco customer data unit Dunnhumby June 18, 2015 Google could soon be partnering with private equity fund Permira to make a joint bid for Tesco’s customer data business. The two firms are in talks to make a bid for Tesco’s data wing, Dunnhumby, which gathers and analyses data from about 1bn shoppers across the world, according to reports from Sky News and Reuters last [...]
China’s crunch point is approaching fast – CNBC Comment June 15, 2015 China will grow this year at a rate that will put the developed world to shame. It will probably grow next year and the year after that too. But the country’s 7 per cent gross domestic product (GDP) growth rate is not what the market cares about. It cares about momentum and performance relative to [...]
Sorrell’s pay is safe as investor revolt fizzles June 9, 2015 SIR MARTIN Sorrell could breathe a sigh of relief yesterday after WPP’s annual meeting (AGM) turned out to be a far more cordial event than it has been in recent years. Opposition to his 2014 remuneration package, which has risen 43 per cent on last year to £43m, totalled just 22 per cent (including 2.7 [...]
Vice founder hints at IPO despite admitting he is not enthusiastic June 9, 2015 VICE co-founder and chief executive Shane Smith hinted at a possible public offering of the burgeoning media outlet, but said he was personally against the idea. Smith, who was speaking at the WPP shareholder meeting yesterday, alluded to the possibility of a flotation when asked by Sir Martin Sorrell if Vice was “going to go [...]
Grey swans turning white and artificial intelligence: These are the five best bits from Sir Martin Sorrell’s update June 9, 2015 Ahead of WPP's AGM today – in which Sir Martin Sorrell's pay packet was contested, but not thrown out – the advertising giant released its annual statement. As with previous years it was packed full with words of wisdom from Sorrell, looking at macro, political and social pressures as well as what was happening [...]