Jun 1, 2018
Week in review, June 2
Martin Sorrell launched his comeback this week, returning to the public markets a month after left WPP, the group he built into the world's biggest marketing services company, writes Ravi Mattu. The speed of his return - just weeks after he quit the company following a board investigation into an unspecified allegation of "Personal misconduct", which he denies - surprised some analysts. Its shares were on Friday down 4 per cent for the week at C$16.01. Mr McEwan insisted last month that his "Job's not done yet", but failed to make any commitments to staying at the bank during its AGM this week. Last month's settlement of a long-running US Department of Justice probe into mis-selling of mortgage-backed securities cleared the path for the government to start selling down its stake before the summer, with some industry figures expecting a move as early as this week.
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