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Sorrell stages comeback with Derriston deal

Sorrell stages comeback with Derriston deal

Business
Sir Martin Sorrell is to stage a dramatic comeback to the London stock market just six weeks after his sudden departure from WPP Group brought an end to the reign of the FTSE-100's longest-serving chief executive. Sky News can exclusively reveal that Sir Martin, one of Britain's best-known businessmen, is to take the helm at Derriston Capital, a listed cash shell, and use it as a vehicle to build a 'next-generation' marketing services group.Details of the WPP founder's plans, which will see him installed as Derriston's executive chairman, are likely to be disclosed in an announcement on Wednesday morning, although formal confirmation could be delayed.A source close to the situation said Derriston had provisionally agreed to acquire S4 Capital, a new entity established by Si...