Page 88 - Mark Read News Today

WPP posts small revenue gain for Q1 2021 April 29, 2021 3:00 The group recorded a quarterly revenue of GBP 2.897 billion (USD$4.039 billion). The group’s financial results also stated that USD$1.3 billion net new business was won during the quarter. Excluding the impact of acquisitions and disposals, like-for-like growth was 3.1%. The shareholders of WPP AUNZ voted in favour of the takeover bid from WPP last week meaning the global company will become the sole owner of the local agency holdi...

WPP blocks share options for Martin Sorrell over media leaks Advertising agency says incentives for former chief executive will lapse because he disclosed confidential information to media Sir Martin Sorrell  WPP has refused to pay its founder and former boss Sir Martin Sorrell up to £600,000 in outstanding bonuses after accusing him of leaking information, opening up another legal battle between the two bitter rivals. The FTSE 100 advertising agency said it had blocked share awards from 2016...

Around £200,000 is thought to have been at stake from the 2016 award and another £400,000 for 2017. However, WPP said the firms compensation committee had decided Sorrells stock should be left to lapse, invoking a clawback clause. The firm said this was due to Sorrells disclosure of confidential information belonging to WPP and certain of its clients to the media during his tenure as a WPP director.  It emerged last year that Sorrell was being divorced by his second wife, Cristiana Falcone,�...

Agency giant claimed Sorrell was responsible for “disclosure of confidential information” to the media. by Alison Weissbrot and Gideon Spanier, Campaign Ex-WPP CEO Martin Sorrell. (Photo credit: Getty Images). Sign in to continue Register Limited Article Views (Excludes Subscriber Only Content) Select Newsletters (Excludes Subscriber Only Bulletins) Limited number of free email bulletins Unlimited Access to PRWeek content Daily Breakfast Briefing PRWeek Daily News (subscriber-exclusive ema...

WPP returns to revenue growth as UK ad market bounces back WPPs positive update signalled a recovery in global advertising spend WPP today reported a surprise return to revenue growth in the first quarter as clients began to increase their marketing spend after a frugal pandemic year. The London-listed ad giant posted a 3.1 per cent rise in revenue less pass-through costs — its key metric — to £2.3bn for the first three months of the year. This was compared to a 6.5 per ce...

28 April 2021 | 07:14am StockMarketWire.com - Advertising company WPP said its first-quarter revenue had risen 1.8% year-on-year amid a return to like-for-like growth in all of its business segments. Revenue for the three months through March increased to £2.90 billion, with growth on a like-for-like basis of 6.3%. Revenue less pass-through costs had fallen 1.4%, but risen 3.1% on a like-for-like basis. WPP reiterated its guidance or the full year. WPP has had a strong start to the year with a...

WPP  today announces Choreograph, a new global data company, to help clients realize the value of their first-party data, consult on and implement their data and technology strategies, and advise on privacy-first approaches to navigate the fast-changing data landscape. Choreograph brings together the specialist data units of GroupM and Wunderman Thompson into a single company with global reach, accessible to all WPP clients and companies.      Choreograph’s core belief is that mar...

WPP launches data company, Choreograph, to help clients realize the value of their first-party data Business Insider India 2 hours ago BI India Partner © WPP WPP launches data company, Choreograph, to help clients realize the value of their first-party data The newly launched Choreograph brings together the specialist data units of GroupM and Wunderman Thompson into a single company with global reach, accessible to all WPP clients and companies. Choreograph aims to create ...

WPP hails faster recovery than expected in Q1 with 3.1% growth Return to growth in “all business lines and most major markets". by Simon Gwynn and Gideon Spanier VMLY&R: Paris office created campaign for Colgate Sign in to continue Free email bulletins

H+K and Finsbury Glover Hering boost WPPs PR arm in Q1 WPP has reported a two per cent rise in like-for-like revenue in its PR division in the first quarter of 2021, as all its business segments saw growth in the period. by John Harrington Register Limited Article Views (Excludes Subscriber Only Content) Select Newsletters (Excludes Subscriber Only Bulletins) Limited number of free email bulletins Unlimited Access to PRWeek content Daily Breakfast Briefing PRWeek Daily News (subscriber-exclusiv...