Oil and gold prices retreat on Ukraine optimism; Fabergé sold to US investment firm – business live

Trump and Putin due to meet in Alaska on Friday; White House to clarify ‘misinformation’ about import tariffs on gold barsMartin Sorrell’s advertising group S4 Capital is in early talks to acquire the rival ad agency MSQ Partners – news that sent its shares as much as 14% higher.S4 Capital shares are now up 8.4%, valuing the business at £142.7m, but have slumped by 98% since their peak in September 2021 when the company was worth £5bn. Continue reading...

Oil and gold prices retreat on Ukraine optimism; Fabergé sold to US investment firm – business live

Trump and Putin due to meet in Alaska on Friday; White House to clarify ‘misinformation’ about import tariffs on gold bars

Martin Sorrell’s advertising group S4 Capital is in early talks to acquire the rival ad agency MSQ Partners – news that sent its shares as much as 14% higher.

S4 Capital shares are now up 8.4%, valuing the business at £142.7m, but have slumped by 98% since their peak in September 2021 when the company was worth £5bn.

Continue reading...