S4 Capital: Revenue down and debt up at Sir Martin Sorrell’s ad giant September 19, 2024 Sir Martin Sorrell’s S4 Capital’s post-pandemic struggles have carried through into its latest results, which revealed a sharp decline in revenue and ballooning debt. The London-listed media holding group, which ad guru Sorrell founded after a sudden exit from WPP in 2018, saw its net revenue reduce by 15.6 per cent from £445.5m to £375.1m [...]
The UK tech and media companies making the most of AI August 16, 2024 As the artificial intelligence (AI) revolution sweeps through the tech and digital media sectors, some companies are embracing its potential more effectively than others, according to a recent report by Shore Capital. The investment firm has zeroed in on companies where AI is more than just a buzzword and can “accelerate an already positive investment [...]
WPP sells majority stake in FGS Global to KKR as group growth flounders August 7, 2024 WPP also reported its interim results in a separate announcement. Despite flat revenue at £7.2bn, there was a 2.6 per cent drop on a like-for-like basis.
WPP: Ad giant names former BT boss Jansen as new chair to navigate AI challenges July 30, 2024 Advertising giant WPP has appointed the former BT boss Philip Jansen as its new chair after a long search for a steady hand to help it navigate a difficult time. The rise of AI has caused upheaval within the industry, as it must adjust to a new set of tools which can replace many of [...]
AI deepfake scams hit FTSE 100 bosses July 10, 2024 Back in May, the chief executive of WPP revealed he was targeted by a deepfake scam which involved his voice being cloned on a company Microsoft Teams call.
PR takeovers are all the rage as private equity piles in July 3, 2024 Jess Jones takes a look at why M&A activity in the PR sector is on the rise, and asks whether it will continue
How London’s diversity has helped it take over the world of advertising May 20, 2024 Exports from the sector reached £15.6bn in 2022. The sector is expected to grow 4.6 per cent this year, outpacing the wider economy by a large margin.
London’s most respected ad guru on why data giants Publicis and WPP have it wrong May 13, 2024 The former chief of operations at Publicis says brands that still launch with a TV ad and a poster blows his mind.
WPP expects to return to growth in second-half as AI tools ‘deployed at scale’ April 25, 2024 For the full year, the company said it expected to report like-for-like revenue growth less pass-through costs of zero to one per cent.
Advertising giant WPP looks to AI to improve performance as growth grinds to a halt February 22, 2024 WPP made the statement alongside its full-year 2023 results, which showed like-for-like revenue growth of 3.2 per cent. Revenue less pass-through costs grew 0.9 per cent on a like-for-like basis.