The Week: People news - Ad men scoop stake in F1

Sir Martin Sorrell, the chief executive of WPP, and Peter Brabeck, the chief executive of Nestle, have both taken a stake in the holding company of Formula One, Delta Topoco.

The company issued 90.7 million new shares in 2008, bringing its total shares to one billion. Sorrell and Brabeck are now believed to have a 0.3 per cent stake in the company.