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The Latest Breaking News from Martin Sorrell

WPP boss Mark Read to step down amid AI pressure on advertising

Mr Read took over the top role at the advertising company in 2018 amid a period of upheaval following the resignation of Sir Martin Sorrell.

Evening Standard

WPP chief Mark Read to step down as ad agency battles AI

CEO to leave global advertising group after three decades, with shares at lowest level in about five years

The Guardian - UK

Revenues tumble at S4 Capital amid worsening economic challenges

Sir Martin Sorrell’s marketing firm reported an 11.4% plunge in pro forma net revenues in the three months to March 31.

Evening Standard

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S4 Capital sees 2025 remaining tough amid AI shift and tariff concerns

The group reported a pre-tax loss of £330.9 million for 2024, against losses of £13.9 million the previous year.

Evening Standard

Bach's Successor Needs Cool Head To Guide Olympics Through Stormy Seas: Experts

Whoever succeeds Thomas Bach as president of the International Olympic Committee on Thursday will need to be "cool under fire" with some members believing the very existence of the Olympic Movement is at stake.

International Business Times

The Average UK Salary For Ages 30-39 Is £37,544; Here's How Much Other Age Groups Typically Earn

New Forbes data reveals how the average UK annual salary varies by age. Earnings increase with age but vary significantly across different age groups and genders.

International Business Times UK

Ad market still in the mire warns S4 Capital boss Sir Martin Sorrell

Advertising guru Sir Martin Sorrell admitted today to a “difficult” year due to recession fears and higher interest rates as his S4 Capital made a loss of £6 million.

Evening Standard

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‘In tatters’: can Martin Sorrell return S4 Capital to top table of ad world?

‘Faster, cheaper, better’ digital model that helped build business into £5.2bn company has been hit hard by advertising recession

The Guardian - UK

Sir Martin Sorrell’s S4 Capital cuts 500 jobs as tech clients rein in ad spending

Shares plunge 21% as firm revises revenue forecasts again and warns of more job losses

The Guardian - UK

S4 shares crash as Sorrell warns clients cutting spend amid ‘fears of recession’

S4 has now cut sales forecasts for the second time in three months

Evening Standard

‘The Velvet Hammer’: who is Twitter’s new CEO and can she fix its problems?

Linda Yaccarino is praised for understanding of advertisers – but Elon Musk must cede enough control

The Guardian - UK

Sir Martin Sorrell reveals cancer treatment

S4 Capital boss says it’s almost ‘business as usual’ after keyhole surgery to remove tumour

The Guardian - UK

The star-studded mountaintop utopia that wasn’t

The creators of a "Ted meets Burning Man" conference set out to build a utopia for tech elites and celebrities on Powder Mountain, but it didn't work out quite as planned.

Fortune

4 young founders bought a $40 million Utah ski mountain to build a utopia for tech elites. What could go wrong?

A group of twentysomething entrepreneurs created the wildly successful Summit Series conferences. But building an "intentional" and eco-friendly resort community for the rich and famous is quite a different undertaking.

Fortune

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Evening Standard

WPP buys influencer agency whose co-founder criticised its digital strategy

“The size of WPP, there might be 30-40% of their business that is literally not fit for purpose in the next three or four years,” Arron Shepherd said a year ago

Evening Standard

WPP profits top £1bn as ad giant’s boss embraces “scary” AI revolution

WPP offered hope today that the economy could be in for a “soft landing” as clients resumed spending and profits zipped past £1 billion.

The Independent UK

Liz Truss warned businesses will ‘go on strike’ by halting investment without clear plan

Companies ‘won’t invest until they see some clarity’, says business chief Martin Sorrell

Evening Standard

Economic strife to last until 2024 warns Sage of Soho Martin Sorrell

ADVERTISING guru Sir Martin Sorrell today likened the energy crisis to the financial crash of 2008 and warned there may be no signs of economic recovery until 2024.

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The Guardian - UK

Global ad market faces ‘car crash’ next year amid cost of living crisis

Industry bullish in build-up to football World Cup but marketing spend an ‘easy cost to cut’ as demand slows

The Guardian - UK

S4 Capital’s share slump means Sir Martin Sorrell has a crisis on his hands

The advertising firm was already low on credit with investors and the latest numbers call its strategy into question

Evening Standard

Inside Bernie Ecclestone’s adoration of long-time friend Vladimir Putin

Amid the ongoing war in Ukraine, Ecclestone has come out in support of his friend.

The Guardian - UK

‘An electoral liability’: business loses patience with Boris Johnson

Analysis: With Tory party in turmoil, firms frustrated and a cost of living crisis, time is not on PM’s side

The Guardian - UK

‘Unacceptable and embarrassing’: Sorrell criticises S4 Capital results delay

Founder vows to make changes to structure after almost $1bn wiped off advertising group’s share price

Evening Standard

Sir Martin finds it hard to see how we get out of this one

City Comment: S4 Capital boss can’t shape of economic recovery this time

Evening Standard

Sage of Soho warns on “perfect storm” for economy as recession fears mount

BRITAIN’S top ad man today warned of a hard landing for the UK, one day after the Bank of England predicted that inflation will top 10% and the economy could fall into recession.

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