WPP has begun the search for a new chief executive, for when founder Martin Sorrell steps down.

Chief executives across the Anglo-Saxon corporate world have been gorging themselves in recent years, but has the time come to start snatching away some of the plates?

WPP’s Martin Sorrell, head of the world’s largest advertising company, has raked in more £120 million (€155m) in the past six years in annual pay — but his biggest windfall is yet to come.

WPP strengthened its position at the top of the advertising industry last year as its geographical reach and strong digital sales gave it the edge over its two closest rivals, who were distracted by a failed merger.

More than 90% of companies operating in the British car industry want the country to stay in the European Union, a survey showed yesterday, with access to the single market deemed fundamental to the sector’s success.

Doubts over the strength of the UK’s recovery persisted today despite figures showing an end to the longest double-dip recession since 1950.

The biggest advertising agency in the world is to shift its global headquarters from Dublin to Britain.

Three million jobs could be at risk if Britain does not stay at the heart of Europe, leading businessmen suggested today.

THE European summit deal to strengthen budget discipline in the eurozone failed to restore financial market confidence yesterday.

The London market continued its nervous rally today after sentiment was boosted by better-than-expected economic data from the US.

WPP shareholders should reject last year’s remuneration report that resulted in chief executive Martin Sorrell receiving conditional matching shares equivalent to 1,500% of his base salary, according to a British corporate governance consultant.

GLOBAL advertising giant WPP is considering moving its tax base back to Britain from Ireland after the British government yesterday outlined a multi-year plan to lower its corporation tax levels and relax tax-haven abuse legislation in its latest budget.

The British Chancellor’s budget tax cuts for businesses received early endorsement today after advertising giant WPP today said it was likely to switch its headquarters back to the UK.

Dismal housing data from the US fuelled fears of a slowdown in global economic recovery today, rattling investor confidence and triggering a slump in stock markets.

Martin Sorrell’s media and advertising empire WPP today predicted a “LuVVy” shaped global economic recovery as it said America was bouncing back stronger than expected.

One of the longest-serving chief executives in the FTSE 100 Index has confirmed he is to stand down from the company he joined 26 years ago.

Dublin: WPP Group, the world’s largest advertising agency, has said it may return its tax domicile back to Britain if the new government guarantees it will not subject overseas profits to British tax.

Advertising giant WPP today reported a 47% drop in profits and predicted 2010’s big events such as the FIFA World Cup and US Congressional elections will fail to lift performance.

The global financial chaos cast its shadow over a gloomy opening of the World Economic Forum today.

Interest rate cut hopes and a smaller-than-expected contraction in the US economy helped the London market consolidate recent gains today.

THE world’s second biggest advertising firm, WPP, has confirmed it is moving it headquarters to Ireland from Britain.

Fund management firm Henderson renewed fears today of a big business tax exodus from the UK after confirming it was considering moving its tax base to Ireland.

Market research firm GfK today said it was working on a plan to foil rival WPP’s £1bn (€1.25bn) interest in merger partner Taylor Nelson Sofres.

MORE British-based firms have joined the list of companies considering a move to Ireland for tax purposes.

Market research giant Taylor Nelson Sofres has rejected a £1bn (€1.2bn) bid from advertising group WPP, it emerged today.

Advertising giant WPP tonight declared its interest in buying Aegis, the media and marketing group facing a possible £1.6bn (€2.34bn) takeover.

Prime Minister Tony Blair met Chinese President Hu Jintao today at the start of a China-European Union summit focused on boosting trade and tackling global warming.

Advertising giant WPP was celebrating another major acquisition today after agreeing terms to buy Procter & Gamble’s agency Grey Global.

British advertising giant WPP today emerged as the winning bidder in the hotly-contested auction of US-based rival Grey Global.

Weakness in shares of advertising giant WPP added to ongoing oil price worries today as the the FTSE 100 Index dipped into negative territory.

Former BBC director general Greg Dyke’s departure from the broadcaster following the Hutton report today saw him plummet down an industry list of Britain’s most influential media figures.

A WAVE of more upbeat company results and economic data have stoked a summer surge in British share prices and should keep them on the rise in the coming months — albeit at a less sizzling pace.

A MAJOR upturn in the media business and the economy in general was predicted by influential British advertising and media commentator Martin Sorrell in Dublin yesterday.

Worries over economic prospects on both sides of the Atlantic sent London shares lower for a second successive session today.

APN News & Media, the Australasian print and media group 45% owned by Independent News & Media, may target India in its next major expansion.

WPP Group, the world’s biggest advertising group, warned of further advertising gloom yesterday, predicting no recovery until next year at the earliest as it posted an 8% slide in underlying revenues.

A positive start to trading on Wall Street has helped drive London shares upwards.

Advertising firm WPP’s protracted bid for media buying group Tempus was declared unconditional today after shareholders backed the deal.