Shares soar for Sorrell’s S4 Capital following results announcement May 5, 2022 Shares in S4 Capital soared over 15 per cent today after the firm confirmed it would be publishing its delayed results tomorrow. The news comes after Sir Martin Sorrell’s S4 stock took a battering last month after the second PwC’s auditing delay, with investors jumping to the worse case scenario conclusions. Eyebrows were first raised [...]
Dodging inflation woes: Ad giant WPP raises forecasts as online demand soars April 27, 2022 Ad giant WPP hiked its its full-year sales outlook this morning following booming online demand despite shrinking woes for consumer budgets for major brands.
Whitbread searching for new CEO as Alison Brittain plans to step aside April 3, 2022 The hospitality powerhouse behind Premier Inn is hunting for a chief executive to replace Alison Brittain. Brittain is readying to step aside from her role heading Whitbread, following seven years in the top job, according to The Sunday Times. Headhunters at Spencer Stuart have been hired by Whitbread to find a suitable replacement for Brittain. [...]
Shares in Sorrell’s S4 Capital continue to slump amid PwC audit delay March 31, 2022 S4 Capital’s shares continue to fall today after plunging over 35 per cent yesterday following a statement that its financial results would be delayed because of a PwC auditing delay.
Sir Martin Sorrell’s S4 Capital sinks 35 per cent following PwC audit delay March 30, 2022 S4 Capital’s shares nosedived 35 per cent this afternoon after PwC auditors said they were unable to complete the work needed for the company’s financial results tomorrow. In a statement to the stock exchange, the digital advertising group said that it had been informed by the accounting firm early this afternoon that it was “unable [...]
Ukraine invasion hits global markets as £77bn is wiped off FTSE 100 in worst day in years February 25, 2022 Almost £77 billion was wiped off the value of London’s top 100 listed companies on Thursday as global markets plummeted following Vladimir Putin’s invasion of Ukraine. As fighting continues between Russian aggressors and Ukrainian defenders, traders across the world sold off shares as they tried to figure out the consequences. In London, the impact was [...]
WPP swings from £2.2bn loss with ‘fastest organic growth for over 20 years’ February 24, 2022 WPP has swung from the eyewatering £2.2bn loss it swallowed in 2020, pulling in £1.2bn in profit last year. In what CEO Mark Read has hailed as WPP’s “fastest organic growth for over 20 years”, the technology, media and communications heavyweight has returned more than £1bn to shareholders, it said in its preliminary results today. [...]
Meta creative production: WPP’s Hogarth launches 700 strong metaverse team February 23, 2022 Hogarth, WPP’s specialist global creative content production company, has announced it will be launching The Metaverse Foundry, a global team of over 700 to deliver brand experiences for clients in the metaverse from design to execution. The Foundry will be available to all WPP’s clients and agencies globally, bringing together metaverse production and virtual art. [...]
Ad tycoon Martin Sorrell sets eyes on Wall Street as London continues to undervalue S4 Capital February 21, 2022 Ad tycoon Sir Martin Sorrell has said he is considering a New York listing after S4 Capital's underwhelming London performance.
Sir Martin Sorrell eyes up ad-tech with new £110m venture capital fund January 16, 2022 Advertising boss Sir Martin Sorrell is launching a £110m venture capital fund aimed at early-stage ad-tech companies.