He may not be Warren Buffett (although he quotes him freely) but Sir Martin Sorrell‘s annual reports are usually among the few worth reading, writes FT Media Editor Andrew Edgecliffe-Johnson.

This year, WPP’s chief executive returns to several favourite themes, such as the LUV-shaped economic recovery, the opportunities in the “next 11″ growth markets (WPP is in every one of them – apart from Iran), and whether Google is friend or foe. Read more