The CEO of WPP, the world's largest advertising group, talks to Reuters about a better-than-expected rise in first-half profit. Martin Sorrell said the success was despite the impact of sanctions on Russia hitting an already weak continental Europe. (ROUGH CUT - No reporter narration)
In an interview with Reuters Insider, WPP chief, Martin Sorrell spoke about how the company has been 'ravaged by a strong sterling which he describes as a 'translation loss' rather than a 'fundamental hit'. He also gave his view on where he sees UK interest rates in the medium term. And on Russia, Sorrell spoke of how the business had performed strongly in the first half of the year but he voiced his concerns over the Russia-Ukraine conflict, which he said had replaced the eurozone as the major geopolitical concern for clients.