News

WPP cheered the City yesterday as its half-year profits surged almost 20 per cent to £429m and the advertising giant promised to keep raising the dividend.

Former Ofcom boss to take helm at Lloyd's List owner

The former Ofcom chief executive Stephen Carter was named the next chief executive of the publisher and events group Informa yesterday as Peter Rigby announced he is stepping down in December after 25 years at the top.

Schroders star Andy Brough signs up for Ukip

One of the City’s best-known fund managers has joined Ukip as the business world continues to pick sides over Europe.

Diageo’s outgoing chief executive, Paul Walsh, with some of the company’s products

Paul Walsh calls time on Diageo: Outgoing boss will leave the global drinks giant in high spirits

Ivan Menezes celebrated his success landing the job as boss of the world's biggest drinks company, Diageo, with a glass of Johnnie Walker Blue Label whisky on the flight from London to New York. The promotion of the chief operating officer and company insider didn't scare the horses in the City as the shares barely twitched. But as he sipped the £130 liquor on the plane Mr Menezes might well have pondered the shoes he will have to fill when Paul Walsh, the FTSE 100's third longest-serving boss, departs.

James Moore: Little for us to toast as Sorrell's glass overflows

Outlook Is your glass half full or half empty? In the marketing, PR and advertising industries, it's not just half full. It's wow look at this marvellous, mega, super-duper drinky thing I've still got loads of. Half full? Half full? It's doubleplus half full, that's what it is. And don't get me started on how cool that dinky little cocktail brolly is!

Editorial: A dangerous admission, Sir Martin

Statements of the obvious can be fraught with peril. Just ask Gerald Ratner, who wiped £500m off the value of his jewellery business by admitting that many of its cheap-as-chips products were, in fact, "total crap".

Sorrell group may pull all its ads from Channel Four in costs row

Channel 4 is facing the prospect that the world's biggest advertising group could, from January, pull all its ads in a major test of strength over the cost of TV airtime.

Channel 4 in ad revenue dust-up with Sorrell’s WPP

Channel 4 is facing the prospect that the world’s biggest advertising group could, from January, pull all its ads in a major test of strength over the cost of TV air-time.

Business week in review

In profit ...

Sir Martin Sorrell warns of 'grey swan' troubles ahead in advertising slowdown

WPP, the world's biggest advertising group, has raised fresh fears of a global economic slowdown as it warned of a marked change in behaviour by clients since September.

WPP's return to UK a boost for Osborne

The advertising giant WPP has confirmed it is moving its tax base from Ireland back to the UK in a long-awaited decision that will be a boost for the Chancellor, George Osborne.

Sir Martin Sorrell carries the Olympic flame through the streets of Redbridge in London yesterday

Marketing guru Sorrell jogs on by with a smile

First came Coca-Cola's free sample bearers. Then the trotting Samsung flag distributors and the Lloyds TSB streamer wavers. And finally, with a broad smile as he bore the fiery symbol of sporting purity, came the millionaire ad man who knows the power of a brand more than any other.

France’s top ad man on growth, creativity and the French economy

Maurice Levy claims the President won't help the economy, but unlike Sir Martin Sorrell he has no plans to leave home

The short knight, the tall pay and an investor rebellion

For comedy purposes only, we return, with great reluctance, to Sir Martin Sorrell. Here's the man some call June 21st – that's the shortest (k)night – discussing the fuss over his gigantic pay: "We understand what people are concerned about and the board will be consulting widely with shareholders to find out specifically what they have in mind."

James Moore: First blood goes to Lord Bell in battle of the heavy hitters

Outlook Seconds out: round two. Chime Communications yesterday unveiled the terms of the sale of its public relations and lobbying businesses to Lord Bell, who is also Chime's chairman, for close to £20m.

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