WPP shares climb 6.7% after first-quarter update

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WPP investigates CEO Sorrell over misconduct claim

The board of advertising giant WPP PLC is looking into whether longtime Chief Executive Martin Sorrell misused company assets, according to people familiar with the matter. In addition, the board is also looking into allegations of improper personal behavior by Mr. Sorrell, one of the people said. A WPP spokesman on Tuesday confirmed in a statement that it has appointed an independent counsel to probe “an allegation of personal misconduct” against Mr.

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