UK markets open in 6 hours 44 minutes
  • NIKKEI 225

    27,745.36
    +235.90 (+0.86%)
     
  • HANG SENG

    21,660.47
    -297.93 (-1.36%)
     
  • CRUDE OIL

    73.35
    -0.04 (-0.05%)
     
  • GOLD FUTURES

    1,879.20
    +2.60 (+0.14%)
     
  • DOW

    33,926.01
    -127.89 (-0.38%)
     
  • BTC-GBP

    19,133.21
    -311.64 (-1.60%)
     
  • CMC Crypto 200

    528.89
    -7.97 (-1.48%)
     
  • ^IXIC

    12,006.96
    -193.84 (-1.59%)
     
  • ^FTAS

    4,339.71
    +36.82 (+0.86%)
     

Sorrell's S4 Capital expects to hit full-year targets

Sir Martin Sorrell walks down Whitehall, as a meeting takes place addressing the government's response to the coronavirus outbreak, at Cabinet Office in London

LONDON (Reuters) - Martin Sorrell's S4 Capital advertising group said it expected to hit its full-year core earnings target after it improved its margin in the second half of the year.

S4 said in a trading statement on Wednesday it expected to deliver at least 120 million pounds ($147.7 million) of Operational EBITDA for 2022, after its main trading metric of like-for-like gross profit/net margin hit its guidance of 25% growth.

($1 = 0.8122 pounds)

(Reporting by Kate Holton; editing by James Davey)