Advertising giant WPP suffers like-for-like sales decline after ‘significant’ client losses April 26, 2019 WPP sales slipped in the first three months of the year as the advertising giant told investors it is closer to selling market research division Kantar. Read more: WPP boss outlines overhaul of corporate culture Revenue rose almost one per cent year on year to £3.59bn in the first quarter of 2019 but like-for-like revenue [...]
The Independent Group hire former New Labour ad-man for European elections April 23, 2019 The Independent Group and its political party Change UK have called on the services of former New Labour ad-man Johnny Hornby and his WPP-backed agency. Read more: The Independent Group applies to register as a political party Hornby’s agency The&Partnership, pronounced “The And Partnership”, will provide creative advertising, design, data analytics, and strategic advice for [...]
Sir Martin Sorrell’s S4 Capital hits back at reports of Holland legal battle April 23, 2019 Sir Martin Sorrell’s advertising firm S4 Capital has denied reports it is facing legal action in Holland over its takeover of creative agency Media Monks. Read more: S4 Capital revenues soar as it bags top clients A report in the Sunday Times stated a former Media Monks investor, Rogier Schalken, was taking the Dutch firm [...]
Sterling falls as doubts emerge over cross-party Brexit talks April 16, 2019 Sterling fell after reports emerged that Labour leader Jeremy Corbyn had said talks with the government were stalling, although the party has slapped down the claim. Read more: Tusk says he still dreams of UK U-turn on Brexit A falling pound sent the FTSE 100 to a six-month high, as investors responded to the news [...]
Tesco turnaround marks the milestone for Drastic Dave April 10, 2019 In the never-ending debate about executive pay, examples of failure are cited more frequently than cases of good value for money. Recently the likes of WPP, Persimmon and Ted Baker have all demonstrated how the actions of the top boss can dent the fortunes of a company and frustrate shareholders. But despairing investors now have [...]
Kantar hires Microsoft executive as North America boss April 10, 2019 Market research firm Kantar has appointed Microsoft executive Reed Cundiff as its new chief executive for North America. Read more: Kantar boss suffered punctured lung in Kew stabbing attack Cundiff is taking over from Wayne Levings, who will return to the UK to continue in his role as head of global clients. “Reed understands what [...]
WPP hunts for replacement as last Chinese board member steps down March 25, 2019 WPP is on the hunt for a new Chinese board member after it emerged a long-serving director from the country will step down, Sky News reported. Ruigang Li, who founded venture capital giant China Media Capital (CMC) and has served on the WPP board since 2010, has reportedly told colleagues he will not stand for [...]
Dogs of the Footsie 2019: 10 shares yielding 6 per cent plus March 23, 2019 | City Talk By David Budworth from interactive investor. Here are the 10 high yielders that make it into this year's Dogs of the Footsie investment strategy. It's time to reset our Dogs of the Footsie portfolio, selecting the 10 highest-yielding shares of the FTSE 100 index. Around half of 2018's portfolio is carried over on to this [...]
WPP board ‘finally came to their senses’ over £2m bonus, says Sir Martin Sorrell March 19, 2019 Advertising veteran Sir Martin Sorrell has said the board of WPP “finally came to their senses” over his £2m bonus, which it has paid out almost a year after his abrupt exit. Speaking at Advertising Week Europe this evening Sorrell, who left the ad group amid allegations of misconduct, denied any wrongdoing as he took [...]
Sorrell’s S4 Capital posts revenue rise as mergers help to reel in new clients March 18, 2019 Sir Martin Sorrell’s new advertising venture S4 Capital has posted a large rise in revenue for the year after a string of acquisitions helped it land big-name clients. Read more: S4 Capital ready to compete 'at the highest levels' after Mightyhive merger The figures Revenue jumped 58 per cent year-on-year to £54.8m. Billings hit £59.1m. [...]