(Adds further details) By Kate Holton LONDON, June 8 (Reuters) - A third of investors in WPP refused to back a 70 million-pound ($102 million) pay package for Chief Executive Martin Sorrell on Wednesday, rebelling over one of the biggest payouts in British history at a fractious annu
Read moreLONDON, June 8 (Reuters) - One third of investors in Martin Sorrell's WPP failed to back the advertising boss's 70 million pound ($102 million) pay package on Wednesday, one of the biggest in British corporate history. Sorrell, who built WPP from a two-man operation in a London office to on
Read more(ShareCast News) - The Local Authority Pension Fund Forum (LAPFF) has advised its 70 member funds to vote against advertising agency WPP's remuneration report, which is being put to shareholders on Wednesday. WPP offered "excessive payments" to chief executive officer Sir Martin Sorrell, the LAPFF s
Read more(ShareCast News) - Always Marketing Services, which is majority-owned by WPP operating company J. Walter Thompson, has acquired Malaysian brand activation agency ePromode Sdn Bhd for an undisclosed sum. Based in Kuala Lumpur, the company adapts retail technologies to create engaging consumer experie
Read more(ShareCast News) - Nigel Farage, leader of the UK Independence party, has said a British vote to leave the EU would be the first step in what he hoped would be the disintegration of the bloc. In an interview with the Financial Times, the Eurosceptic MEP's comments onEurope's future are some of his m
Read more(ShareCast News) - Labour is considering backing the idea of a universal basic income - a radical transformation of the welfare state that would ditch means-tested benefits in favour of a flat-rate payment. John McDonnell, the shadow chancellor, who is keen to find policies to match his slogan of a
Read moreLONDON, June 1 (Reuters) - Shareholders should oppose the pay report at advertising firm WPP's annual meeting, given the "excessive" pay of Chief Executive Martin Sorrell, leading advisory group PIRC said in a statement on Wednesday. Sorrell's total 2015 pay of 70.4 million pounds ($101.45
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