Share price of Martin Sorrell’s S4 Capital fall again after auditor delay

PwC's postponement of financial audit without reason fuels further fall after 36% slump on Wednesday

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 morning it dropped by a further 4.2% to 298p, its lowest point since June 2020.