WPP

Tim Bradshaw

In Sir Martin Sorrell’s frenemy book, it would appear Google is wandering back into enemy territory. 

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.