S4 Capital has seen losses accelerate following a steady stream of acquisitions and an increase in staff numbers. These deals still helped total sales over the recent half-year period climb by 59.8 per cent to £446.4million and billings jump by nearly 40 per cent to £765.6million. S4 Capital also benefited from gaining new contracts with major corporate clients, such as pub chain Brewdog, computer software provider Adobe and social media platform TikTok. Sorrell, 77, began S4 Capital four years ago after leaving WPP, the agency that he helped set up and transform into the world's largest advertising business. S4 Capital shares soared by 12.5 per cent to 161.4p on Wednesday, although their value has plummeted by over 62 per cent in the last 12 months.

Source: Daily Mail September 22, 2022 03:05 UTC