Equities

Reuters exclusively reports Sorrell tells investor his new venture is not targeting WPP

Reuters exclusively reports Sorrell tells investor his new venture is not targeting WPP

Reuters exclusively reported WPP’s former chief executive Martin Sorrell has moved to reassure investors in the advertising giant that the firm he has set up since his abrupt exit will not compete directly with it. Sorrell has spoken to at least two WPP shareholders in recent weeks in calls instigated by the investors and facilitated by WPP.