WPP reports further stagnant revenues, but Sorrell downplays threat of consultancies

WPP head Sir Martin Sorrell downplayed the threat posed by consultancies at the holding group’s quarterly investor briefing which reported flat revenues and sales.

Sorrell was dismissive of the idea that consultancies are ‘eating the industry’s lunch’, saying the wins to date from consultancies were not ‘significant amounts’.

Consultancies are not eating the ad industry’s lunch says WPP CEO Sorrell