S4 Capital boss Sir Martin Sorrell faces investor revolt over bumper pay packet May 19, 2019 Advertising veteran Sir Martin Sorrell could be faced with a shareholder revolt amid a backlash at his proposed pay packet at new firm S4 Capital. Shareholder advisory groups Glass Lewis and ISS have both issued notes urging investors to vote down the company’s long-term bonus scheme. Read more: S4 Capital continues to grow profits as [...]
S4 Capital continues to grow profits as it lands big-name client wins May 3, 2019 Sir Martin Sorrell’s advertising firm S4 Capital has posted another quarter of bumper revenue and profit growth as it looks to win over big clients with its digital-first approach. Read more: Sir Martin Sorrell was paid £140,000 by S4 Capital in 2018 The figures S4 Capital posted like-for-like revenue growth of 35 per cent to [...]
Sir Martin Sorrell was paid £140,000 by S4 Capital in 2018 April 29, 2019 The executive chairman of S4 Capital – Sir Martin Sorrell – was paid £140,000 in 2018, a fraction of the £13.9m he was paid by WPP in 2017 before his shock exit. An annual report from Sorrell’s new company shows he received £61,000 in salary, £61,000 in bonus and £18,000 in pension payments from his [...]
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 [...]
Advertising giant M&C Saatchi hikes profits as new business grows margins March 27, 2019 Advertising giant M&C Saatchi boosted profits last year as it signalled a confident outlook for 2019. The figures Profit before tax grew 16 per cent year on year to £32.3m as net revenue rose two per cent to £255.3m compared to 2017. Saatchi’s profit margin also ticked up one per cent to 12.3 per cent [...]
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. [...]
Strong and stable: London extends lead as Europe’s top hub for unicorn startups March 1, 2019 London has cemented its status as the home of more young billion-dollar tech companies than any other European city, taking home the crown for ten consecutive years. Read more: Female fintech leaders highlighted as sector battles gender imbalance The number of so-called unicorn startups – private businesses valued at $1bn (£752.6m) and founded after 2000 [...]
Ex-Barclays boss John Varley says £322m Qatar payment ‘not conditional’ on its involvement in the bank’s fundraising February 28, 2019 The former chief executive of Barclays John Varley said the bank’s controversial £322m services agreements with Qatar were “not conditional” on the Gulf state’s participation in its financial crisis fundraising, a court heard today. Varley, who is on trial for fraud alongside former colleagues Roger Jenkins, Tom Kalaris and Richard Boath, was in court to [...]
City Moves for 25 February – who’s switching jobs at Grit Real Estate Income, S4 Capital and Beaufort Investment? February 24, 2019 Who’s on the move today? Grit Real Estate Income Grit Real Estate Income Group, a leading pan-African real estate company, has appointed Sir Samuel Esson Jonah as an independent non-executive director. Jonah, aged 69, is one of Africa’s leading businessmen and internationally recognised as a leading business executive. He is currently executive chairman of Jonah [...]