The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: 831.20
Bid: 832.00
Ask: 832.40
Change: -4.00 (-0.48%)
Spread: 0.40 (0.048%)
Open: 834.40
High: 839.40
Low: 831.20
Prev. Close: 835.20
WPP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Britain's FTSE gains, on track for best week since July

Fri, 09th Dec 2016 11:14

* FTSE 100 up 0.1 pct

* Index set for weekly rise of 3.1 pct

* Health care and consumer staples power gains

* Rally in bank stocks falters (ADVISORY- Follow European and UK stock markets in real time onthe Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)

By Peter Hobson

LONDON, Dec 9 (Reuters) - Britain's top share index roseslightly on Friday, putting it on track for its best week sinceJuly, led by shares in health care and consumer staplescompanies, but a rally in bank stocks faltered.

The blue chip FTSE 100 index was up 0.1 percent at1038 GMT, taking its gains for the week to more than 3 percent.

The week-long rally has been driven by financial stocks,which rose across Europe after the "No" result in Italy'sconstitutional referendum inflicted less damage than thought,and after the European Central Bank extended its stimulusprogramme.

The UK banking index has gained 7.6 percentthis week, on track for its best week since April and onlyslightly lagging the 9.1 percent surge in the wider Europeanbanking index.

But the rally appeared to be running out of steam, withshares in Barclays, Lloyds Banking Group andPrudential down between 1.7 and 2.6 percent.

A decision by Britain's financial watchdog to delay itsfinal verdict on setting a deadline for consumers to claimcompensation for being mis-sold debt repayment insurance alsoput pressure on banks.

After large gains for banks in recent days, "it's notsurprising to see a bit of weakness creeping in," said ChrisBeauchamp, chief market analyst at traders IG.

Shares in "defensive" stocks with steadier incomes anddividends rose, keeping the index in positive territory.

Pharmaceutical companies GlaxoSmithKline, Shire and AstraZeneca were up by between 1.1 and 1.8percent, while producers of consumer staples such as BritishAmerican Tobacco, Imperial Brands and Unilever gained between 0.6 and 0.9 percent.

Rising gold prices boosted precious metals miners Fresnillo and Rangold Resources by 2.9 and 1.6 percentrespectively.

Shares in outsourcing company Capita slumped early by asmuch as 11 percent taking its losses since issuing a profitwarning on Thursday to more than 20 percent.

The warning was the second in three months by Capita, whichblames Brexit-related client indecision for weaker orders. Itsaid it would sell assets and trim costs to protect its balancesheet.

But Barclays bank said Capita was "selling the wrong bit"and a recovery wouldn't come quickly.

"A near term re-rating is unlikely until growth stabilisesand the strategic fog clears - but neither is likely for another6-months in our view," Barclays analysts said.

Capita's shares later trimmed losses to just over 2 percent.

Rival outsourcer Mitie, which also issued a secondprofit warning in November, fell 2.6 percent.

A plan by Daily Mail and General Trust to cut its stake inEuromoney, publisher of the Euromoney magazine, to about 49percent from about 67 percent to improve its investmentportfolio and lower its debt hit both stocks.

Euromoney slipped 6.8 percent, while shares in Daily Mailand General Trust were down 1.3 percent.

(Reporting by Peter Hobson Editing by Jeremy Gaunt)

More News
20 Sep 2023 07:55

LONDON BRIEFING: Stocks to rise, pound falls as UK inflation eases

(Alliance News) - Stocks in London are expected to open in the green on Wednesday, as a cooler-than-expected UK inflation print helped to calm nerves ahead of an interest rate decision from the US later, with the Bank of England to follow on Thursday.

Read more
18 Aug 2023 06:00

From Mad Men to machines? Big advertisers shift to AI

LONDON, Aug 18 (Reuters) - Some of the world's biggest advertisers, from food giant Nestle to consumer goods multinational Unilever, are experimenting with using generative AI software like ChatGPT and DALL-E to cut costs and increase productivity, executives say.

Read more
8 Aug 2023 09:25

LONDON BROKER RATINGS: Deutsche Bank cuts WPP to 'hold' from 'buy'

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

Read more
8 Aug 2023 07:58

LONDON BRIEFING: abrdn assets fall; Spirax-Sarco CEO steps down

(Alliance News) - Stocks in London are called to open lower on Tuesday, following news that Germany's yearly inflation rate eased in July, with investors now nervously awaiting readings from China and the US later this week.

Read more
7 Aug 2023 11:26

IN THE KNOW: Barclays sees turnaround for WPP in next two years

(Alliance News) - Barclays lowered its price target for WPP on Monday but left its 'overweight' rating unchanged, saying it viewed the company's annual guidance cut as a temporary "hiccup".

Read more
7 Aug 2023 11:17

Director dealings: WPP non-exec invests, IG board members exercise options and sell

(Sharecast News) - Advertising giant WPP was on the list of director buys on Monday, after a non-executive director picked up 4,000 shares.

Read more
7 Aug 2023 09:14

LONDON BROKER RATINGS: JPMorgan lifts Rolls-Royce; RBC cuts Unite

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

Read more
4 Aug 2023 17:26

Two measures of global corporate health flash red

LONDON, Aug 4 (Reuters) - Two measures of corporate and economic health were flashing red on Friday as shipping group Maersk reported a fall in global demand for sea containers and advertising giant WPP said clients in the U.S. tech sector were slashing their marketing spend.

Read more
4 Aug 2023 17:21

European stocks end higher but mark first weekly loss in four

STOXX 600 posts first weekly loss in four

*

Read more
4 Aug 2023 17:06

UK's FTSE 100 boosted by energy stocks but logs weekly decline

WPP slides after FY guidance cut

*

Read more
4 Aug 2023 16:49

LONDON MARKET CLOSE: Stocks end in the green after difficult week

(Alliance News) - Stocks in London ended on a positive note on Friday, following a tumultuous couple of days following a US credit rating cut and another interest rate hike from the Bank of England.

Read more
4 Aug 2023 12:04

LONDON MARKET MIDDAY: WPP shares slide; eyes on US nonfarms

(Alliance News) - Stock prices in London were mixed at midday Friday, though equity markets showed sighs of stability after a rocky week, ahead of a key US jobs report in the afternoon.

Read more
4 Aug 2023 11:36

Two measures of corporate health flash red

LONDON, Aug 4 (Reuters) - Two measures of corporate and economic health were flashing red on Friday as shipping group Maersk reported a fall in global demand for sea containers and advertising giant WPP said clients in the U.S. tech sector were slashing their marketing spend.

Read more
4 Aug 2023 08:52

LONDON MARKET OPEN: WPP lowers outlook; Capita swings to loss

(Alliance News) - The FTSE 100 inched slightly higher on Friday, as investors nervously look ahead to the US nonfarm payrolls report at 1330 BST.

Read more
4 Aug 2023 08:14

TOP NEWS: WPP cuts outlook as US tech customers keep lid on spending

(Alliance News) - WPP PLC on Friday cut its yearly guidance, as the advertising company's second-quarter was hurt by weaker spend in its US technology clients.

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.