Martin Sorrell's resignation triggers 7% slide in WPP shares

Martin Sorrell's resignation triggers 7% slide in WPP shares
 

Sir Martin Sorrell’s abrupt resignation from WPP triggered a 7% slide in the group’s share price on Monday as investors mulled the uncertain future of the world’s largest advertising business.
Sir Martin, who founded WPP 33 years ago, resigned with immediate effect on Saturday amid an investigation into allegations of personal misconduct.
Sorrell has “unreservedly denied” the allegations and WPP’s board has said it will not be publishing the outcome of the investigation, carried out by an external law firm.
Analysts reacted cautiously to the resignation, telling investors there will not be... read more

 
Monday, 16:04 in Business, Views: 43
Source: Guardian
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