|Bid||19.52 x 200000|
|Ask||19.93 x 200000|
|Day's range||19.88 - 19.88|
|52-week range||17.63 - 22.66|
|PE ratio (TTM)||14.40|
|Dividend & yield||0.63 (2.89%)|
|1y target est||N/A|
WPP (Frankfurt: A1J2BZ - news) , the world's largest advertising agency, will cut the amount it pays its chief executive and founder Martin Sorrell to no more than 19 million pounds ($24.6 million) after an investor backlash sparked by previous record payouts. In its annual report released on Friday, the company said the maximum Sorrell would receive this year would be well below the 48 million pounds he received in 2016 and the 70 million pounds in 2015 - one of the biggest ever payouts in Britain. Sorrell's pay is being reduced as the company moves to a different incentive scheme.
Sir Martin Sorrell, the best-paid boss in the FTSE-100, is to see his maximum pay slashed by a bigger-than-expected sum as the company he built into a global powerhouse tries to avert a fresh row with investors. Sky News has learnt that WPP Group, the marketing services giant, will disclose in its annual report on Friday that Sir Martin's potential payments under a long-term share plan will be slashed from up to 9.74 times his £1.1m base salary to six times. The proposal, along with other modifications, would mean that Sir Martin's maximum pay package will fall from more than £19m under plans outlined last year to just over £13m - or almost £15m including dividend equivalents.
WPP (Frankfurt: A1J2BZ - news) , the world's largest advertising group, reported a 0.8 percent rise in first-quarter like-for-like net sales growth, slightly shy of expectations at around 1 percent, due to a weak performance in North America. It reiterated its outlook for the year, targeting net sales growth of around 2 percent and said it expected to have a stronger second half of the year.