WPP Plc, the world’s largest advertising company, increased revenue by more than 6 percent in the first two months of 2014 as business in the U.S. and western Europe improved, Chief Executive Officer Martin Sorrell said.
China Media Capital, a state-backed investment fund, said it’s raising money from investors including WPP Plc, Time Warner Inc. and Softbank Corp. to invest in Chinese media and entertainment companies.
WPP Plc investors voted against the remuneration packages of directors, including Chief Executive Officer Martin Sorrell, as the the revolt over executive pay spread to the world’s biggest advertising agency.
WPP Plc Chief Executive Officer Martin Sorrell said the largest advertising company may increase sales by 4 percent next year, bolstered by the Olympics and U.S. elections and growth in Brazil, China and Russia.
WPP Plc Chief Executive Officer Martin Sorrell, whose pay package was voted down by investors last week, said he will accept plans by U.K. Business Secretary Vince Cable to give shareholders binding votes on executive pay.
WPP Plc Chief Executive Officer Martin Sorrell said organic revenue growth at the world’s largest advertising company in 2014 will beat this year’s gain of more than 3 percent in a “tough, but manageable” market.
WPP Plc is in talks with "one or two" Russian companies as the world’s biggest advertising company seeks to expand into new markets, Chief Executive Officer Martin Sorrell said, without giving details.