Page 87 - Mark Read News Today

The advertising tycoon believes a rapid rebound is set to take place over the next 18 months but that by 2023 businesses could be hamstrung by hikes in corporation and income tax

April 28, 2021 5:01 pm WPP has reported a strong start to the year, with a return to like-for-like growth in all business segments and most major markets. The communications company, which operates design consultancies including Superunion, AKQA and Landor & Fitch reports that revenue in the first quarter is up 1.8% from last year at £2.9 billion. All regions and business segments have improved from 2020’s fourth quarter. In the UK, revenue less pass-through costs were up 3.9% from last ye...

Developed on Microsoft Azure, WPP's new platform will enable greater collaboration between creative teams, regardless of location WPP (NYSE: WPP) and Microsoft Corp. have announced a partnership to

linkedin Ogilvy has been selected as the global creative agency for Hyatt’s guest loyalty program, World of Hyatt.  Ogilvy will lead creative, experience and strategy for World of Hyatt’s member communications, promotions and enhancements.  The agency declined to name the size of the account. The opportunity came through a former Ogilvy client, said president of Ogilvy Experience in North America Rajesh Midha. The account was previously held by Forsman and Bodenfors, w...

3 minute read Branding signage for WPP, the largest global advertising and public relations agency at their offices in London, Britain, July 17, 2019. REUTERS/Toby Melville WPP (WPP.L), the worlds biggest advertising company, launched into open conflict with its founder Martin Sorrell on Thursday, refusing to pay share awards and accusing him of leaking client information to the media. In a twist that pits WPP against the worlds most famous advertising executive, the British firm said a long-te...

The row is just the businessmans latest exchange of hostilities with WPP, which is now run by his former protege Mark Read. Sorrell – who remains one of WPPs top shareholders with a 2 per cent stake – previously called on Read to resign before he is pushed and said the chief executive wont last. Relations between them have been rocky since 2018, when Sorrell left WPP over issues including his expenses and conduct – allegations he denied.  He then launched a new rival agency, S4 Capital, ...

Major holding companies swing into the green Green shoots of recovery have emerged from the major holding companies in the first quarter of 2021. The Drum rounds up the key figures you need to know. A global pandemic sparked a year of uncertainty at WPP, Publicis, Omnicom, IPG and Havas. All have now reported their results from the first quarter of 2021 as lockdown restrictions lift in many of their key markets, painting a picture of an industry returning to growth as clients begin to spend ad ...

The war between WPP and its founder and former CEO Sir Martin Sorrell continues.  WPP revealed in its annual report, released on Thursday (April 29), that it will not pay out two final long-term bonus payments to which Sorrell was entitled after exiting the company in 2018. The company said it withheld the payments because of “disclosure of confidential information” during his time as CEO. Sorrell immediately hit back, accusing WPP of “blind rage” and looking for “an excuse to ...

Sorrell calls in lawyers as WPP refuse share awards over ‘media leaks’ Sir Martin Sorrell has sought legal advice after his former employer WPP refused to pay out hundreds of thousands of pounds in share awards owed over the past five years. WPP has suspended payments based on allegations that Sorrell leaked "confidential information" to the media following his departure from the advertising business he founded. In response, Sorrell has blasted the "petty move" and described WPPs actions as...

linkedin WPP has said a return to growth has been “somewhat faster and somewhat stronger than we expected” as like-for-like revenue less pass through costs, its preferred measure of performance, rose 3.1% year on year in the first three months of 2021 to £2.3 billion (US$3.2 billion). The fact that a return to growth happened in Q1, rather than Q2, “does stand out” and was a “quarter earlier than expected", Mark Read, the chief executive, told  Campaign. Gr...