Sir Martin Sorrell’s abrupt resignation from WPP triggered a 6.5% slide in the group’s share price on Monday as investors mulled the uncertain future of the world’s largest advertising business. Sir Martin, who founded WPP 33 years ago, resigned with immediate effect on Saturday amid an investigation into allegations of personal misconduct. WPP: breaking up world's top advertising group could net £22bn Read moreAnalysts reacted cautiously to the resignation, telling investors there will not be an immediate crisis at WPP. One of WPP’s largest shareholders, Harris Associates, said it was “regrettable” to have a leadership transition without Sorrell’s involvement. That said, the resultant vacuum at the top of the company is not ideal.”WPP’s share price ended the day down 6.5% at £11.11p – adding pressure on the already embattled ad group.

Source: The Guardian April 16, 2018 14:34 UTC