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Digital advertising agency blames tough economic conditions and reluctance of clients to commit to marketing projects
Depressed share price means acquiring more growth is no longer an option
Advertising group cites difficult economic conditions and says clients are very cautious
Guidance follows disappointing results from US-based advertising agencies Interpublic and Omnicom
Advertising group’s share price has fallen 55 per cent in the past year
Marketing veteran downplays industry wobble while admitting S4 Capital is still restoring investor confidence
Acquisitions and staff pay contribute to soaring costs
In an industry disrupted by tech, employees have options to seek higher salaries and fulfilment elsewhere
Fall looks very bad for an agency that depends on its share price as an acquisition currency
Another warning from the ad-tech roll-up means another downgrade for Sorrell’s big score
Statement marks latest setback for ad start-up
A revival in the company’s share price is needed to meet its financial outlook
Advertising start-up says it has already made changes in financial control, risk and governance
Acquisition of LA-based company is first since advertising group became mired in accounting issues
Advertising group publishes earnings after audit takes longer than expected
Martin Sorrell’s start-up announces Friday release after second delay to audited accounts last month
Media group has lost nearly a third of its value after PwC said it was unable to complete audit
Sir Martin Sorrell’s advertising company yet to set day when it will publish twice-delayed results
Media group’s share price falls by a third following statement
Digital-only agency founded to disrupt the advertising establishment is at full steam
Company likens growth to that of Google and Facebook even as profit outlook disappoints
Investors have grown to love Sir Martin’s marketing roll-up, which sacrifices corporate governance for empire building
Companies analysis from our sister publication
Media company founded by former WPP chief Martin Sorrell acquires Brazilian group
Collection of digital agencies looks well-placed as optimism grows for post-pandemic recovery
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