China's clampdown on corruption and extravagance has benefited the world's largest advertising agency, WPP's CEO told CNBC.» Read More
*Omnicom, Publicis tie-up delayed by antitrust, tax reviews.
European markets finished lower on Friday and ended the week flat, as the situation in Ukraine erased any optimism over earnings season.
Standard & Poor's cut its currency rating on Russia to BBB- as capital continues to flow out amid heightened tensions with the West.
LONDON, April 25- WPP, the world's largest advertising group, reported a much better than expected 7 percent rise in first quarter like-for-like revenue growth and said it had seen a surge in new client wins due to changes in the industry.
LONDON, April 25- WPP, the world's largest advertising group, reported first quarter like-for-like revenue growth of 7 percent, much better than expected, and said it had seen a surge in new business wins due to changes in the industry.
Martin Sorrell, CEO of WPP, says Brazil and India have been strong markets, while Russia and China have slowed for the company.
Martin Sorrell, CEO of WPP, says the strength of sterling is the "biggest short-term issue" for the company, creating headwinds on earnings.
The shift in the “atmosphere around tax” globally is “significant” and has “hardened,” the chief executive of WPP has told CNBC.
NEW YORK/ LOS ANGELES, April 23- Technology powerhouses like Microsoft Corp and AOL Inc are flexing their muscles as storytellers, parading TV network-style shows before advertisers at an annual digital content showcase in New York next week.
Martin Sorrell, WPP CEO, discusses how Google, Buzzfeed and other companies are disrupting the advertising business.
LONDON, April 9- Vice Media, the New York- based group whose edgy reportage has proved a hit with young people, plans to sell more content to mainstream TV groups after signing such a deal with "American Idol" producer Fremantle Media, it said on Wednesday.
BRUSSELS, March 25- EU competition regulators have raided several car parts makers involved in producing vehicle exhaust systems, including French firm Faurecia, Germany's Eberspaecher Group and TenneCo of the United States, as part of a wider probe into suspected price fixing in the auto industry.
BRUSSELS, March 25- European Union antitrust regulators raided French car parts makers Faurecia and several other auto exhaust systems makers on Tuesday, the latest crackdown against suspected price-fixing in the auto industry. Faurecia, which is 52- percent owned by French carmaker Peugeot Citroen, confirmed the EU raids.
Martin Sorrell, CEO at WPP, says the firm sees strong growth in China and discusses WPP's mergers and acquisition deals in the world's second largest economy.
Some of Thursday's midday movers:
The WPP CEO describes Facebook's acquisition of WhatsApp as "potty" but adds that Mark Zuckerberg knew "what he is doing"
The up to $19 billion spent on Whatsapp by Facebook looks "a bit potty" says Sir Martin Sorrell, WPP CEO, saying the group continues to invest a lot more in Google than in Facebook.
Sir Martin Sorrell, WPP CEO, hails the group's good results and says emerging countries remain its most profitable markets but that currency issues should remain an issue through 2014.
Speaking to CNBC live at the World Economic Forum., Martin Sorrell, CEO of WPP, explains why he's positive on Eastern Europe.
Martin Sorrell, CEO of WPP told CNBC at the 2014 World Economic Forum that he has grown increasingly bullish on Russia.