Sir Martin Sorrell has warned that slowing revenue growth at his advertising company WPP appears to be early signs of business nerves over Brexit.
The vote to leave the EU has exposed divisions in society that mean reform of executive pay at big companies is urgently required, according to one of the UK’s top fund managers.
Companies as diverse as the household goods group Reckitt Benckiser, Standard Chartered bank and the advertising giant WPP could be the next to face showdowns over pay as investors prepare to vote at forthcoming annual meetings.
Bernie Ecclestone has said he believes that Vladimir Putin should be put in charge of Europe, Donald Trump would make an excellent US president and immigration has brought no benefits whatsoever to the UK.
Opec struggles to speak with a single voice these days, so it was always a wobbly assumption that the cartel of oil producers would be able to agree a deal with non-members, such as Russia, to curb output.
Banks, miners, energy groups and building materials specialists are among companies in shareholders’ sights as discontent mounts over exorbitant pay deals for boardroom bosses.
Advertising company WPP will reveal this week that its chief executive, Sir Martin Sorrell, has been handed shares worth £60m in a move that will take the total earnings of the high-profile FTSE 100 boss to more than £150m in five years.