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Latest Business News: WPP's Sorrell Sees More Deals After Publicis Omnicom

Wochit 0:47 mins

Martin Sorrell, head of world No. 1 ad group WPP, congratulated long-time rival Maurice Levy on persuading Omnicom to merge, adding that further consolidation was inevitable in the industry. Three of the world's leading central banks are likely to reaffirm their determination to keep a lid on interest rates for a long time to come, despite signs that their economies are slowly on the mend. Publicis and Omnicom have announced merger plans to create the world's biggest advertising-group, worth $35.1 billion.

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