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 [...]
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 [...]
WPP shareholders revolt against Sir Martin Sorrell’s £43m pay (but not as many as last year) June 9, 2015 More than a fifth of WPP shareholders have refused to back Sir Martin Sorrell's £43m pay package – but that is less than this time last year. At today's AGM 19.5 per cent of investors in the marketing and advertising giant voted against Sorrell's pay, while 2.7 per cent absented. While that means [...]
How long would it take you to earn WPP boss Martin Sorrell’s annual pay? June 8, 2015 The FTSE's best-paid boss will this week come face-to-face with shareholders over the size of his pay packet. Sir Martin Sorrell, the chief of advertising group WPP, is pocketing a hefty – and some may say excessive – £43m. It's a 44 per cent rise on how much he took home the previous year, and [...]
General Election 2015: WPP founder Sir Martin Sorrell wants a UK version of the Chinese Five Year Plan and an acknowledgement that immigration benefits the economy May 5, 2015 ELECTION COUNTDOWN: 1 DAY TO GO We have been asking a business leader each day to say what policies would entice them to vote for a particular party. SIR MARTIN SORRELL: FOUNDER AND CHIEF EXECUTIVE OF WPP 1. Articulate a practical overall economic plan covering, among other things, education, infrastructure investment (hard [...]
Martin Sorrell is best paid FTSE boss pocketing £43m but WPP braces for fresh shareholder row April 30, 2015 Global advertising giant WPP hiked chief executive Sir Martin Sorrell’s pay by 43 per cent for 2014, taking his awards to £43m and making him the best paid boss in the FTSE 100. The payout comes after years of shareholder rebellions at the firm’s annual general meetings. In 2012, a majority of shareholders voted against [...]
WPP sales are up, but chief executive Martin Sorrell is cautious about the year ahead April 23, 2015 The world's biggest advertising firm had a good first quarter, but warns that clients are giving away less business. The figures During the first three months of 2015, like-for-like sales went up by 2.5 per cent for WPP, mainly driven higher by a strong performance in North America. Revenue was also up 8.3 per cent [...]