|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||73.66 - 74.71|
|52 Week Range||73.66 - 104.09|
|PE Ratio (TTM)||7.93|
|Forward Dividend & Yield||4.02 (5.08%)|
|1y Target Est||49.60|
PARSIPPANY, N.J., July 19, 2018-- Ogilvy CommonHealth Worldwide, a WPP Health & Wellness company,, today announced the promotion of Paula Huntzinger to chief talent officer, Ogilvy CommonHealth, US.. Huntzinger ...
PARSIPPANY, N.J., July 12, 2018-- Ogilvy CommonHealth Worldwide, a WPP Health & Wellness company, today announced Johanna Skilling, head of planning, and Jane Richter, SVP, account management, were honored ...
A passionate leader aligned with OCHWW’s vision of doing the most impactful, innovative, and purpose-led work, Ms. Dolin comes to the agency with extensive pharmaceutical marketing experience acquired over the course of her award-winning career, which is rooted in the broader health and wellness and consumer arenas. In her new role as CCO, Ms. Dolin will apply her collective expertise and work with the creative team in place to help set the standard for creative excellence and drive the strategic creative vision for client brands and the agency as a whole. Ogilvy CommonHealth CEO Andrew Schirmer stated, “As OCHWW looks to expand our capabilities in new forms of communication channels and interventions, we couldn’t be happier to have Sam joining us to lead the creative charge.
WPP PLC said Tuesday its former Chief Executive Martin Sorrell has jeopardized his right to share awards worth around £20 million ($26.5 million), the latest salvo in a bitter breakup between the advertising giant and its former leader. WPP’s contention against its 73-year-old founder came on the day Mr. Sorrell announced a deal to buy Netherlands-based MediaMonks, his first acquisition since leaving WPP in April. WPP also sought the Dutch digital production agency, showing Mr. Sorrell is shaping up as a rival to his former firm.
Martin Sorrell’s new venture acquired Dutch digital agency MediaMonks Multimedia Holding BV, beating his former employer WPP Plc in the auction and setting up a possible clash with the advertising powerhouse. Sorrell’s S4 Capital Ltd. is paying the owners of Amsterdam-based MediaMonks in shares of his investment company as well as cash, according to a statement Tuesday that didn’t include other terms. Bloomberg first reported that the deal could come as soon as Tuesday, with Sorrell outbidding WPP and rival suitors to pay about 300 million euros ($352 million).
Martin Sorrell’s new marketing venture has agreed to acquire a Netherlands-based digital production agency, topping a rival bid from the WPP PLC, the advertising giant he spent decades building. Financial terms weren’t disclosed, but people familiar with the matter said Mr. Sorrell’s new venture, which he plans to call S4 Capital, will pay around €300 million ($352 million) for MediaMonks in cash and shares. Mr. Sorrell’s pursuit of MediaMonks shows the 73-year-old executive hasn’t lost his appetite for acquisitions, especially if that means dueling with his former employer over prize assets.
The set-to between WPP Plc and former CEO Martin Sorrell is becoming increasingly acrimonious. WPP is now threatening to withhold 20 million pounds ($27 million) of stock awards from him, according to Sky News. For Sorrell, it keeps his investment vehicle S4 Capital Ltd. in the news as he prepares to raise as much as 1 billion pounds.
PARSIPPANY, N.J., July 05, 2018-- Ogilvy CommonHealth Worldwide, a WPP Health & Wellness company, announced three promotions and one new hire within the ever-growing creative community at the organization’ ...
WPP PLC founder Martin Sorrell has sent a letter to shareholders of his new marketing venture seeking their approval to raise up to £1 billion ($1.32 billion) to fund acquisitions. In looking to build a war chest, Mr. Sorrell is positioning his new firm—to be named S4 Capital—to go head-to-head with his former company and other major advertising firms that are targeting similar acquisitions. On Tuesday, The Wall Street Journal reported that Mr. Sorrell and WPP had submitted rival bids for Mediamonks, a Netherlands-based digital creative agency, ahead of a deadline last week.
The ad holding company submitted an offer for Netherlands-based digital creative agency MediaMonks ahead of last Friday’s deadline for bids to buy the firm, according to a person familiar with the matter. A rival bid was put in by Mr. Sorrell’s new venture, S4 Capital, another person said. Founded in 2001, MediaMonks produces games, films and websites, often to serve the needs of advertising agencies.
Martin Sorrell has won financial backing from Crispin Odey, an influential London investor, for his new venture after leaving the world’s largest advertising company. “People have made a lot of money with Martin and he doesn’t look like a man who wants to rest,” Odey, founder of hedge fund firm Odey Asset Management, said in a phone interview. The support from one of Britain’s best known fund managers is a vote of confidence in Sorrell, who was ousted as chief executive officer from WPP Plc in April after an investigation into alleged personal misconduct.
WPP PLC said it has asked outside lawyers to investigate a handful of anonymous, encrypted emails sent to current and former employees. Some of the emails contained messages taken from a WhatsApp group that included former executive assistants to Martin Sorrell, who resigned as chief executive of the advertising giant in April, according to a person familiar with the matter. The WhatsApp group was used in part to coordinate Mr. Sorrell’s travel, the person said.
PARSIPPANY, N.J., June 26, 2018-- Ogilvy CommonHealth Worldwide, a WPP Health & Wellness company, announced twelve promotions and three new hires to meet the growing demands at the network’ s New Jersey-based ...
CANNES, France—This year’s Cannes Lions advertising festival, Madison Avenue’s annual jaunt to the French Riviera, showed all the signs of an industry undergoing wrenching change. The consulting firms, who are trying to edge onto their turf, stepped up their presence, as did other players like China’s Alibaba Group Holding Ltd. and Amazon.com Inc. Fewer yachts for ad-tech companies reflected the turbulence and consolidation in the sector.
CANNES, France—WPP PLC founder Martin Sorrell denied Friday that he visited a prostitute and paid with company money, as he fielded questions about his reasons for resigning as chief executive of the world’s largest advertising company. “It’s not true,” Mr. Sorrell said of the allegation. Speaking on stage at the Cannes Lions advertising festival with Ken Auletta of the New Yorker, Mr. Sorrell was asked about a report in The Wall Street Journal that the company’s board had investigated whether he used company money for a prostitute.
Martin Sorrell confronted the central allegation that triggered his exit from the world’s biggest advertising group, WPP Plc, saying he didn’t use company funds to pay for sex. The 73-year-old executive addressed the issue directly for the first time in an on-stage conversation with New Yorker writer Ken Auletta at the Cannes Lions ad industry festival in southern France. Previous denials to the accusation, which was reported by the Wall Street Journal, came from a Sorrell spokesman.
CANNES, France—Former WPP PLC chief Martin Sorrell lashed out at the ad giant on Thursday, criticizing its strategy as well as the handling of his resignation as CEO in April. Mr. Sorrell, who was attending the annual Cannes Lions advertising festival, said he “violently” disagreed with Chairman Roberto Quarta’s claim that he was treated the same as any other employee facing dismissal. After decades at the firm, Mr. Sorrell stepped down after The Wall Street Journal reported in early April that WPP’s board was looking into an allegation of improper personal behavior and whether he had misused company assets, and that the board had retained a law firm for a probe.
“The most damaging thing," the former WPP chief said, was the leak over Easter weekend to the Wall Street Journal.
LONDON , June 21, 2018 /PRNewswire/ -- WPP plc (WPP.L) ("WPP") and Globant S.A. (NYSE: GLOB) ("Globant") announced today the pricing of the sale of the offering of 5,815,259 common ...
Former WPP Plc Chief Executive Officer Martin Sorrell said his style of management was sometimes “difficult,” but that he had done no wrong, in his first public comments addressing the allegations against him since leaving the company in April. Sorrell, who in three decades turned a wire shopping basket maker into the world’s largest advertising company, resigned from WPP following a company probe into allegations of personal misconduct and misuse of company funds. The Financial Times reported last week that Sorrell used to mistreat and verbally abuse his staff, citing people who worked closely with him.
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CANNES, France, June 18, 2018 /PRNewswire/ -- Today, Ogilvy announced the findings of the 2018 Global Media Influence Survey at the Cannes Lions Festival, which revealed trust in traditional media as a source for news has declined 22 percent since 2016. The survey of over 350 journalists worldwide found that these shifts will likely lead to more collaborations between traditional and social media in the coming years, as both confront ongoing challenges to consumer trust. "Traditional news outlets are alive and well, but their partnerships with social media will have to continue to evolve," said Jennifer Risi, Worldwide Chief Communications Officer at Ogilvy.