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S4 Capital plc (SCPPF)

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0.5390-0.0310 (-5.44%)
At close: 01:18PM EDT
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  • Reuters

    UPDATE 1-S4 Capital reports 25% drop in earnings after 'difficult' 2023

    Martin Sorrell forecast another tough year for S4 Capital after the ad group's core earnings fell 25% in 2023, reflecting a reluctance from its tech-heavy clients to spend and few new business wins. Shares in S4 Capital, which hit 878 pence in September 2021, fell 11% to 40 pence in early deals on Wednesday, valuing the company at 230 million pounds ($290 million). S4 said its content business was hit in the second half by lower spending by tech clients, while trading in its data & digital media unit had deteriorated as the year had progressed, and growth in technology services had slowed significantly.

  • Reuters

    S4 Capital reports 25% drop in earnings after 'difficult' 2023

    Martin Sorrell's ad group S4 Capital reported a 25% drop in core earnings in a "difficult" 2023, reflecting a reluctance from its clients to commit to larger projects and a tough year for new business. The group said it expected its clients to remain cautious in the short term as it forecast another fall in like-for-like net revenue in 2024 and earnings broadly around the same level as 2023's 93.7 million pounds ($118.2 million).

  • Fool.co.uk

    Has this fallen star growth share finally turned a corner?

    Our writer has watched as this growth share in his portfolio has collapsed over the past year. Here's why he still owns it and is excited by recent news. The post Has this fallen star growth share finally turned a corner? appeared first on The Motley Fool UK.