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Sorrell rejects takeover talk after £6m loss at S4
Evening Standard
|March 27, 2024
ADVERTISING guru Sir Martin Sorrell admitted today to a “difficult” year due to recession fears and higher interest rates as his S4 Capital made a loss of £6 million.
Although that was better than last year’s loss of £160 million, it is still indicative of wider strife in the ad market as big tech companies pull back on spending.
Sales for the year to December fell 5.4% to just over £1 billion and there have been more than 1000 job cuts.
Dit verhaal komt uit de March 27, 2024-editie van Evening Standard.
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