The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWPP Share News (WPP)

Share Price Information for WPP (WPP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 822.00
Bid: 820.00
Ask: 820.40
Change: 3.20 (0.39%)
Spread: 0.40 (0.049%)
Open: 818.40
High: 825.60
Low: 815.60
Prev. Close: 818.80
WPP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Advertising agency Publicis posts strong Q4, aims for recovery

Thu, 12th Feb 2015 06:46

By Leila Abboud and Gwénaëlle Barzic

PARIS, Feb 12 (Reuters) - France's Publicis promised business would pick up in the second half of this yearas the advertising agency recovered from a tough 2014 marred bya failed mega-merger with U.S. peer Omnicom.

It also posted fourth-quarter organic sales growth of 3.2percent on revenue of 2.15 billion euro, helped by a rebound inemerging markets like Brazil and China, as well as better demandfrom advertisers across all sectors from cars to consumer goods.

The strong finish brought annual organic sales growth to 2percent on revenue of 7.26 billion euro, slightly ahead ofanalyst expectations.

Publicis Chief Executive Maurice Levy is trying to win backinvestor support after the agency's growth lagged behindcompetitors in recent quarters because of the fallout from thefailed Omnicom deal. The shares have risen nearly 13 percentthis year to close at 67.05 euro on Wednesday, after falling 10percent last year.

Key to the promised recovery is building on the $3.7 billionacquisition of digital ad specialist Sapient, which wascompleted last week.

Levy said Publicis was already hard at work on theintegration and would soon benefit from the added strength ofSapient in on-line ads and consulting.

"Around the end of this year, we will begin out-performingour rivals again," he said at a press briefing.

Levy added that he expected Publicis to grow faster than the3 to 3.5 percent sales growth forecasted for the advertisingagencies globally.

Publicis, which is the third-largest global advertisingholding company after WPP and Omnicom, plans to pay adividend of 1.20 euro per share, up from 1.10 euro in 2013.

Its 2014 operating profit fell 4.8 percent to 1.07 billioneuro, while profit slipped 9.1 percent to 720 million eurosbecause of a 72 million euro impairment charge related tounderperformance at agencies MSL and BBH.

Asked about the prospects for the global economy, Levysounded upbeat despite the brewing standoff between Greece andthe European Union over its debt and the war in the Ukraine.

"At the end of last year we did not see major advertiserscutting back their marketing budgets so I think the results ofmajor multinationals during this reporting season will bestrong," he said.

"Business leaders in Europe are relatively calm about Greeceand believe that a solution will be found. They are more focusedon the tentative signs of a growth recovery in the region."

But the real motor of global economic activity this yearwill remain the United States, the veteran CEO said.

"The U.S. is setting the rhythm with solid growth rates andlower unemployment, and this should benefit us since about halfour business is there."

Omnicom on Tuesday nevertheless issued a cautious forecastfor organic growth this year of about 3.5 percent, slowing from5.7 percent last year, saying the stronger dollar would dentprofitability.

WPP is set to publish results on March 9, and smaller agencyHavas publishes annual sales on Thursday.

(Editing by Andrew Callus)

More News
10 Jan 2024 17:14

WPP reportedly mulling sale of Kantar stake

(Sharecast News) - Advertising agency conglomerate WPP is exploring options to divest its 40% stake in market research firm Kantar, it was reported on Wednesday, in a bid to raise capital and address a declining share price.

Read more
8 Jan 2024 12:49

IN BRIEF: BT confirms February start date for new CEO Kirkby

BT Group PLC - London-based telecommunications provider - Confirms Independent Non-Executive Director Allison Kirkby will succeed Philip Jansen as chief executive officer from February 1. She was named successor in July, with previous communication being that she would take over from Jansen around the end of this month at the latest. Jansen will be available to support the handover until the end of March, when BT's financial year 2024 ends.

Read more
5 Jan 2024 17:38

London close: Stocks finish red after US payrolls beat

(Sharecast News) - London stocks ended the trading day in negative territory on Friday as investors considered the latest UK construction data and a fresh non-farm payrolls report out of the US.

Read more
5 Jan 2024 14:33

WPP rallies on report Kantar Media could be sold for £1bn

(Sharecast News) - Advertising firm WPP rallied on Friday following a report that Kantar Media, a division of the Kantar market research company, will be auctioned later this year.

Read more
2 Jan 2024 16:58

LONDON MARKET CLOSE: Stocks down amid disappointing manufacturing data

(Alliance News) - Stock prices in London closed lower on Tuesday, after the year was started with some disappointing data about the UK and US manufacturing sectors.

Read more
2 Jan 2024 12:01

LONDON MARKET MIDDAY: London stocks make largely soft start to 2024

(Alliance News) - Stock prices in London were mostly lower at midday on Tuesday in a slow start to the new year, reacting to the UK manufacturing sector finishing a tricky 2023 with a further contraction in December.

Read more
2 Jan 2024 08:48

LONDON MARKET OPEN: New Year begins largely green amid slew of PMIs

(Alliance News) - Stock prices in London opened mostly up on Tuesday, the first day of trading in 2024, reacting to slightly improved factory activity in China, with more manufacturing PMIs from major economies due.

Read more
2 Jan 2024 08:36

PRESS: Outgoing BT boss Jansen approached about being next WPP chair

(Alliance News) - WPP PLC has approached outgoing BT Group PLC chief Philip Jansen about becoming the advertising firm's next chair, Sky News reported on Monday.

Read more
2 Jan 2024 07:57

LONDON BRIEFING: AstraZeneca, Sanofi's RSV treatment approved in China

(Alliance News) - Stock prices in London are expected to open higher on Tuesday, reacting to a slight expansion in manufacturing activity in China and ahead of a slew of manufacturing PMI data including for the UK.

Read more
1 Jan 2024 21:35

BT chief Jansen approached about WPP chairmanship - Sky News

Jan 1 (Reuters) - BT Group's outgoing boss Philip Jansen has been approached about becoming the next chair of advertising group WPP, replacing Roberto Quarta, Sky News reported on Monday.

Read more
1 Jan 2024 17:22

BT chief Jansen approached about WPP chairmanship - Sky News

Jan 1 (Reuters) - Philip Jansen, the outgoing BT Group boss, has been approached about becoming the next chairman of advertising group WPP, Sky News reported on Monday.

Read more
13 Dec 2023 15:02

London close: Stocks finish higher ahead of Fed decision

(Sharecast News) - London markets remained in positive territory by the close of Wednesday after weak UK GDP data led investors to anticipate a potential rate cut from the Bank of England.

Read more
13 Dec 2023 09:15

LONDON BROKER RATINGS: Exane BNP cuts Shell; JPMorgan cuts WPP

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
13 Dec 2023 09:13

WPP hit by downgrade from JP Morgan

(Sharecast News) - Advertising and media group WPP's share price was being weighed down on Wednesday with a ratings cut by JP Morgan from 'overweight' to 'neutral'.

Read more
13 Dec 2023 07:46

LONDON BRIEFING: UK economy shrinks in October; Entain CEO leaves

(Alliance News) - Stocks in London are called to open slightly higher on Wednesday, despite shock data on the UK economy and pre-interest rate nerves.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.