Sir Martin Sorrell spent more than three decades building his first empire. He has given himself five years to create his second. Within weeks of being ousted from WPP, which he built from a small Kent-based maker of wire baskets into the world’s biggest ad group, Sorrell began plotting his return. Last week, he announced the reverse takeover of another small listed vehicle – to be renamed S4 Capital in reference to four generations of the Sorrell family – fronting £40m of his own money to rebuild his empire. Sorrell once said that there was “no way” he would still want to be running a big ad business by the time he hits 78, and he won’t: he will be running a start-up. At 73, and even with a small child, the seemingly indefatigable Sorrell has set himself five years to get big and get out one last time. “He has unfinished business, a grievance, and he wants to prove a point to WPP,” says one ad industry peer. “He … [Read more...] about Retirement doesn’t suit Sir Martin Sorrell, but making a point does
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Last week the website Education Uncovered revealed that the Harris Westminster Sixth Form, part of the Harris Federation of schools, had advertised for a “major gifts fundraiser” to bring in between £500,000 to £1m a year. Should other cash-strapped schools take fundraising this seriously now that many find their budgets in deficit? Duncan Spalding executive headteacher, Aylsham high school, Bure Valley school and John of Gaunt infant and nursery school, Norfolk “Maybe Harris will use their wealthy Westminster and city contacts to raise this money. I imagine many would like to be associated with the surefire success of such a highly selective institution. But how easily would a similar venture work in Stoke, or Blackpool? Hedge fund managers, insurance barons or property magnates might be thin on the ground. I find the whole benefactor thing highly problematic. Some chains have very wealthy backers who give large sums of money each year, in some cases … [Read more...] about Schools: how to raise £1m a year
Leicester have not been bashful about their lofty ambitions for this season and they certainly have no reason to lower their sights after emerging from this high-class showdown with maximum points. This was a rollicking contest featuring fast and muscular action, an extraordinary goal by Harry Kane, two dramatic interventions by VAR, a terrific equaliser by Ricardo Pereira and, finally, a late strike by James Maddison that can only do Leicester good as they strive to upset the Premier League’s established order again. “We have to be seen as one of those top sides,” said Maddison. “Nobody will want to come to this place when it’s rocking like this. If you look at our performances at Chelsea and Manchester United, we came away shaking our heads in disappointment because we didn’t get what we deserved. We’re showing we’re a big threat now.” Leicester had to dig deep and show a range of qualities – mental, physical and technical … [Read more...] about Leicester’s fast start continues as James Maddison sinks Spurs with late stunner
Britain has more billionaires than ever in what equality campaigners said was a clear sign the UK economy is only working for the few at the top. There are now 134 billionaires based in the UK according to this year’s Sunday Times Rich List, 14 more than the previous highest total, as the super-rich reap the benefits of a “Brexit boom”. Fifteen years ago, there were 21. The annual rich list showed that the wealthiest 1,000 individuals and families in Britain have combined wealth of £658bn, up from £575bn last year, despite fears that the Brexit vote last June would plunge the economy into a fresh turmoil. “While many of us worried about the outcome of the EU referendum, many of Britain’s richest people just kept calm and carried on making billions,” said Robert Watts, the compiler of the rich list. Srichand and Gopichand Hinduja are the richest in the UK, with a fortune of £16.2bn, up from £13bn and second place in 2016’s … [Read more...] about ‘Brexit boom’ gives Britain record 134 billionaires, fuelling inequality fears
The latest Black Mirror series from Charlie Brooker presents, despite its transition to Netflix, another unsettling collection of future shock nightmares drawn from consumer technology and social media trends. The second episode, Playtest, has an American tourist lured to a British game development studio to test a new augmented-reality horror game that engages directly with each player’s brain via a biorobotic implant. The AI program mines the character’s darkest fears and manifests them into the real-world as photorealistic graphics. Inevitably, terror and mental breakdown follow. The idea of a video game that can analyse a player’s personality and change accordingly may seem like the stuff of outlandish sci-fi to some Black Mirror viewers. But it isn’t. This could well be where game design is heading. The game that judges you Eight years ago, video game writer Sam Barlow had a new idea about how to scare the crap out of video game players. Working on the … [Read more...] about Has a Black Mirror episode predicted the future of video games?