Deliveroo and Just Eat break into WPP most valuable brands league table September 20, 2018 Takeaway firms Deliveroo and Just Eat have broken into the ranks of the UK's most valuable brands, according to new analysis published today. The companies have broken into the top 75 list for the first time, as Deliveroo came 64th with a value of $888m while Just Eat nabbed 30th place with a brand value of $2.5bn. [...]
WPP appoints Mel Edwards as Wunderman boss following Mark Read’s promotion to top job September 13, 2018 One of WPP's biggest ad agencies Wunderman today announced it had appointed a new chief executive to replace Mark Read. Following Read taking the top job earlier this month, WPP said Mel Edwards had been hired as the agency's chief executive, effective immediately. Edwards will oversee 9,200 people in 200 offices and 70 markets in the [...]
Sorrell lays out expansion plans for new advertising venture S4 Capital ahead of market comeback September 12, 2018 Ad guru Sir Martin Sorrell today laid out ambitious plans to expand new venture S4 Capital after it starts trading shares later this month, in a move which could step on the toes of his former employer WPP. The founder of the advertising goliath is using a shell company, Derriston Capital, to launch his new business [...]
WPP boss Sir Martin Sorrell shrugs off mounting fears over China’s economy August 27, 2015 WPP boss Sir Martin Sorrell yesterday admitted “everyone should be concerned” about the current state of the Chinese economy – but said he remained an “unabashed bull” over the long term. Speaking to City A.M., Sorrell said that although Asia Pacific is the company’s third largest market, WPP would not be changing its strategy [...]
Is WPP’s Sir Martin Sorrell right to “remain a raging bull” in relation to Chinese growth? August 26, 2015 Andy Rothman is investment strategist at Matthews Asia, says Yes China’s stock market has experienced a significant correction, and Beijing engineered a minor devaluation of the RMB, but neither of these events reflect a worse-than-expected slowdown in the real economy, and there are no signs that the A-share correction is having a significant impact on [...]
Advertising giant WPP beats expectations as Sir Martin Sorrell says he is still bullish on China August 26, 2015 WPP's share price fell more than one per cent this morning, despite beating expectations on both profit and like-for-likes. The figures The advertising giant reported headline profit before tax up 12.1 per cent to £596m – ahead of expectations that it would come in around £590m – and up 13.2 per cent on a constant [...]
Chime Communications board gives thumbs up to £374m WPP and Providence takeover bid July 31, 2015 Chime Communications' directors have unanimously recommended a £374m takeover from Providence Equity Partners and WPP to shareholders Read more: Chime shares soar on £350m WPP takeover talk The takeover offer entitles shareholders to 365p per Chime share and an interim dividend for the current year of 2.53p per share. Chime's specialist sports marketing businesses appear to [...]
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 [...]
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 [...]
Sir Martin Sorrell on Heathrow expansion: Back it and get building – the government must move quickly on third runway July 1, 2015 After nearly three years spent carefully examining the evidence, the Airports Commission published its Final Report yesterday. Its definitive view, following what has been a long and robust process, is that London needs one new runway, and that the best option is to expand Heathrow. We believe that we need airport expansion, and that the [...]