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WPP’s Read reviewing structure as results boost shares

LONDON (Reuters) – Mark Read, tasked with running WPP (WPP.L) after the sudden exit of founder Martin Sorrell, said he would look at restructuring the world’s biggest advertising group but ruled out a break up. Digital boss Read, appointed joint chief operatin... More »

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WPP’s Read says no timetable on reviewing the group

LONDON (Reuters) – Mark Read, WPP’s (WPP.L) joint chief operating officer, said he would look at new ways to restructure the group but would not put a timetable on how long that would take and did not think a full break up made sense. Read was appointed to run... More »

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WPP embarks on new journey without Sorrell at the helm

LONDON (Reuters) – WPP (WPP.L), the world’s biggest advertising company, entered uncharted territory on Monday without its founder Martin Sorrell whose departure has left it rudderless at a time of swirling industry change. Shares in the group fell 4 percent a... More »

Ad executives cautious about growth, gear up for contract battle

CANNES (This version of the story corrects figures on Publicis contract wins, paragraph 13) The reluctance of big companies to spend at a time of lacklustre global growth and fewer major sporting events this year are dampening demand for advertising, said the ... More »