WPP chief steps down as advertising group struggles with rise of AI
Mark Read will step down from UK group after market capitalisation halved during his seven-year tenure
WPP
Office attendance is becoming a performance metric
Return to work mandates can weed out underperforming staff but risk pushing away valued workers
Advertising revenues set to hit $1tn in market dominated by technology companies
Omnicom and Interpublic in talks to merge in $30bn-plus deal to create the world’s largest advertising agency
Profits rise at parent company of PR group Wilson Hartnell
Newswhip’s losses widen amid higher R&D investment in 2023
European shares fall as stronger-than-expected US inflation hits rate-cut hopes
Pan-European Stoxx 600 suffers third consecutive day of losses
Irish advertising market will grow 3.2% in 2024 but print and TV revenue will fall, says GroupM
Digital, radio, out-of-home and cinema advertising all forecast to increase next year
WPP cuts revenue forecast as US tech spending slows
World’s biggest advertising agency lowers annual guidance after technology companies reduce marketing spend
Advertising giant WPP sees 2023 revenue gains above analyst estimates
Experts had predicted flat growth for company
S4 results delay ‘unacceptable and embarrassing’, says Sorrell
Advertising company says revenue doubled to £686m
Sorrell’s S4 pulls publication of results due to auditor delay
Digital advertising group said it will release results as soon as PwC completes work
Kidtech: Augmented reality, voice commands and the future
HoloToyz and Soapbox Labs understand march of technology and power of children
WPP launches €970m buyback after ‘outstanding’ year
Strong client demand helps it to surpass recently upgraded forecasts
Never mind the rain: Fáilte Ireland to sponsor RTÉ Weather for three years
Forecast messages will encourage people to holiday at home, says tourism agency
European markets rise as ECB keeps stimulus going
ECB also reiterates that it believes inflation spike is temporary
European stocks rise as tech rally rolls on
But investors worry over impact of higher inflation on economic recovery
Culture of intentional inclusivity needs to be fostered in marketing
Management should educate and train employees around unconscious bias and racism
Pilita Clark: The handshake is back and it’s causing etiquette chaos
Divergent views mean an awkward mix of shakers, bumpers and fist-knockers
Iseq outpaces flat European peers as investors await policy news from US Fed
European bank stocks rise on positive trading updates
Amazon’s advertising business booms in pandemic
Amazon’s ads business is growing faster than its retail, cloud computing and Prime subscription divisions
Iseq lags behind as European indices rise on recovery hopes
Kingspan plunged 12% after company announces retirement of head of insulation boards business
Remote working works but there will be a price to pay
The confluence of globalisation and casualisation will have big consequences for some workers
European stocks end lower as Fed boost is offset by resource losses
Walmart soars on TikTok bid as Ryanair goes higher and CRH stumbles
WPP reinstates dividend after delivering new work at pace
Cost-cutting pays off for ad firm but outlook remains cautious
Hoxton Ventures targets Irish tech start-ups after closing $100m fund
Venture capital firm a backer of Irish-founded SuperAwesome, Darktrace and Deliveroo
Print media facing ‘annihilation’, says Sorrell
Cantillon: Newspapers and magazines are running out of time, webinar hears
Irish-founded tech company teams up with WPP to protect children online
SuperAwesome announces partnership with the world’s biggest advertising agency
Will we ever go back to sitting in an office?
Remote working could mean fewer workplaces to return to
WPP braces for impact as Covid-19 drags March net sales down 7.9%
Company warns of tough second quarter
Ad giant WPP pulls dividend, buyback and outlook
Coronavirus outbreak causes increasing number of clients to cancel work
Wall Street hammered on coronavirus fears while Dublin dips 4%
Markets report: European stocks mark their weakest close in more than four months
WPP shares tumble after forecast of fourth year with no sales growth
Pressure growing on CEO Mark Read to turn around fortunes of ad giant
Pessimistic sentiment over climate change and trade grips business
Davos 2020: Rise of populism and future of capitalism also high on worry list
European stocks extend gains as US jobs news boosts sentiment
Iseq ends week above 7,000, buoyed by CRH
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