The share price of Sir Martin Sorrell’s advertising business has fallen further after a surprise delay from its auditors caused the postponement of financial results and a dive in the company’s valuation.
S4 Capital’s share price dropped by 36% on Wednesday afternoon after it announced the delay by the auditors PricewaterhouseCoopers without outlining a reason. On Thursday afternoon it was down by a further 5.6% to 292p, its lowest point since July 2020.
