MARKET WATCH: Sorrell warns over tariffs as he scoops £500k dividend
Lucille
2025-05-08 01:03
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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 นาฬิกาก๊อปเกรดA 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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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 นาฬิกาก๊อปเกรดA 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
RELATED ARTICLES
Previous
1
Next
Broken control at Heathrow: Airport's ownership structure... Factories suffer worst performance in 18 months as Labour's...
Share this article
Share
HOW THIS IS MONEY CAN HELP
How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Learn More
Learn More
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
Learn More
Learn More
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
Learn More
Learn More
Saxo
Saxo
Get £200 back in trading fees
Learn More
Learn More
Trading 212
Trading 212
Free dealing and no account fee
Learn More
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Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
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