Sir Martin Sorrell will scoop £540,000 after his advertising agency unveiled its first dividend despite widening losses.
S4 Capital’s stock jumped 5.6 per cent, or 1.86p, to 34.82p after the firm said it will pay investors 1p per share. But the business warned clients will ‘remain cautious in the near term’ due to economic uncertainty.
Customers are particularly concerned about the impact of an escalating trade war due to Donald Trump’s tariffs, S4 said.
Losses in 2024 deepened to £307million compared to £14.3million a year earlier and revenue fell 16.8 per cent to £848.2million. The FTSE 100 slid 0.1 per cent, or 8.78 points, to 8,638.01 and the FTSE 250 inched up 0.06 per cent, or 10.93 points, to 19922.43.
Wood Group shares fell 0.9 per cent, or 0.36p, to 38.04p after it gave Dubai-based suitor Sidara more to time – until April 17 – to come up with a firm takeover offer.
Sportswear retailer JD Sports lost 2.7 per cent, or 2.02p, to 73.74p after analysts at Deutsche Bank cut the target price on the stock to 85p from 95p.
Payouts: Sir Martin Sorrell’s advertising agency S4 Capital’s stock jumped 5.6% after it said it will pay investors 1p per share
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