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Wed, 27th Mar 2024 08:36
LONDON, March 27 (Reuters) - S4 Capital had received no credible takeover approach, Executive Chairman Martin Sorrell said when asked about a recent Wall Street Journal report saying he had turned down approaches from private equity and U.S. rival Stagwell.
"We received nothing credible," Sorrell said in an interview after his ad group published results on Wednesday.
"We control our own destiny," he added. (Reporting by Paul Sandle; editing by Sarah Young)
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(Sharecast News) - S4 Capital reported forecast-beating trading on Monday, boosted by a "post-pandemic rebound" in the global economy.
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Read more(Sharecast News) - Credit Suisse upgraded WPP to 'neutral' from 'underperform' on Friday and lifted the price target to 1,060p from 835p as it argued that a record advertising recovery is overriding structural concerns.
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Read more(Sharecast News) - Advertising and marketing services company S4 Capital reported a "very busy" year in 2020 on Monday, both organically and through mergers, with that cadence maintained in the first quarter and into the second quarter of 2021, as its raised its growth guidance to 35% from a previously-increased 30%.
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Read more(Sharecast News) - BT Group: Berenberg downgrades to hold with a target price of 175p.
Read more(Sharecast News) - Lloyds Banking Group: RBC Capital Markets reiterates outperform with a target price of 5,100p.
Read more(Sharecast News) - Shares in S4 Capital sparked on Tuesday after the advertising firm upped revenue and profit targets following a strong start to the year.
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