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: 823.40
Bid: 825.20
Ask: 825.40
Change: 0.00 (0.00%)
Spread: 0.20 (0.024%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 823.40
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 lags Europe after ECB extends stimulus

Thu, 08th Dec 2016 17:02

* FTSE 100 up 0.4 pct

* ECB helps FTSE into positive territory

* Capita falls 14 pct after profit warning

* Sports Direct down after weak results (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 Alistair Smout and Kit Rees

LONDON, Dec 8 (Reuters) - UK shares rose overall on Thursday- though not as much as European shares after the EuropeanCentral Bank extended its stimulus programme - while outsourcingfirm Capita tumbled after a profit warning.

The blue chip FTSE 100 index was up 0.4 percent at6,931.55 points by the close, hitting its highest level in onemonth, though euro zone blue chips outpaced Britishshares to end 1.4 percent higher.

European shares rose, helped by strength in banks followingthe European Central Bank's decision to extend its assetpurchase programme by 9 months, longer than had been expected,while cutting the size of monthly purchases.

Shares were choppy after the announcement, but turnedhigher. The ECB loosened restrictions on the assets it couldpurchase and President Mario Draghi gave a dovish pressconference where he said the level of purchases could rise againif needed.

"Despite the reduction in the amount of asset purchases fromApril 2017, a somewhat longer than expected extension in the QEtimeline (to the end of December) as well as the overall dovishtone of the press conference, suggest that the high level ofmonetary accommodation in the Euro area remains in place," saidAnna Stupnytska, global economist at Fidelity International.

The announcement helped Britain's FTSE 100 into positiveterritory after early falls, though a slump in Capitacontributed to the index's underperformance.

Capita, the top faller, plunged 14 percent and hit itslowest since July 2006 after a second profit warning in threemonths, blaming Brexit-related client indecision. It said itwould sell assets and trim costs to protect its balance sheet.

Outsourcing firms have been under pressure since Britainvoted to leave the European Union in June. Shares in peer Mitie, which issued a second profit warning in November, fell1.3 percent.

Disappointing results hit shares in mid-cap sporting goodsretailer Sports Direct, which dropped more than 8percent. Its shares are down 50 percent so far in 2016, havingbeen hit by a plunge in sterling following the Brexit vote aswell as criticism over the treatment of its workers.

Betting companies William Hill and Ladbrokes CoralGroup fell 6 percent and 2.8 percent following a mediareport about a clampdown on betting machines.

Towards the top of the FTSE 100, tour operator TUI rose 2 percent after extending its existing profit forecast foranother year.

Advertiser WPP rose 4.6 percent to top the blue chipindex after an upgrade to "buy" from "hold" from Jefferies,whose analysts said they expected a limited impact on the firmfrom a reported U.S. Justice Department investigation into theindustry.

The report had knocked back WPP shares in the previoussession. (Editing by Tom Heneghan)

More News
1 Sep 2022 09:55

WPP buys Netherlands-based e-commerce consultancy Newcraft

(Alliance News) - WPP PLC on Thursday said it is buying Newcraft Group BV, a European e-commerce consultancy based in the Netherlands, for an undisclosed sum.

Read more
1 Sep 2022 07:02

WPP acquires Dutch e-commerce consultancy

(Sharecast News) - Communications and advertising giant WPP revealed on Thursday that it will acquire European e-commerce consultancy Newcraft for an undisclosed sum.

Read more
31 Aug 2022 09:54

LONDON BROKER RATINGS: Berenberg likes Workspace, less keen on peers

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

Read more
8 Aug 2022 09:37

LONDON BROKER RATINGS: JPMorgan raises L&G but cuts M&G and Phoenix

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

Read more
5 Aug 2022 17:31

Heat stroke: A jobs report deep dive

HEAT STROKE: A JOBS REPORT DEEP DIVE (1229 EDT/1429 GMT) As a heatwave persisted across much of the United States, the Labor Department's highly anticipated employment report tossed gasoline on the fire, suggesting the U.S. economy is running hot enough to withstand all the interest rate hikes the Federal Reserve has been and is expected to keep throwing at it.

Read more
5 Aug 2022 17:19

FTSE 100 dented by Wall St losses, plunge in ad firm WPP

Aug 5 (Reuters) - Britain's FTSE 100 closed lower on Friday as Wall Street slipped after strong jobs data raised fears about faster U.S. interest rate hikes, but a weakening pound helped the UK blue-chip index log its third consecutive week of gains.

Read more
5 Aug 2022 17:06

LONDON MARKET CLOSE: Stocks edge lower after blowout US jobs report

(Alliance News) - Stocks in London ended lower on Friday after the unexpectedly strong US jobs report boosted the odds of further aggressive interest rate hikes by the Federal Reserve.

Read more
5 Aug 2022 16:02

Quality stocks shine during earnings season

QUALITY STOCKS SHINE DURING EARNINGS SEASON (0943 GMT)

Read more
5 Aug 2022 12:04

LONDON MARKET MIDDAY: Markets subdued ahead of US jobs report

(Alliance News) - London's FTSE 100 index struggled to make headway on Friday, not helped by a weaker Brent price hitting oil majors, as investors shied away from big moves in the run-up to the latest US jobs report.

Read more
5 Aug 2022 10:56

Quality stocks shine during earnings season

QUALITY STOCKS SHINE DURING EARNINGS SEASON (0943 GMT)

Read more
5 Aug 2022 10:02

LONDON BROKER RATINGS: Jefferies cuts Go-Ahead, Mediclinic to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
5 Aug 2022 09:01

TOP NEWS: WPP raises annual outlook and lifts interim payout by 20%

(Alliance News) - WPP PLC on Friday upped its annual outlook as both interim revenue and profit rose by double-digit percentages, and it also lifted its dividend by 20%.

Read more
5 Aug 2022 08:58

LONDON MARKET OPEN: Stocks mixed as attention turns to US nonfarms

(Alliance News) - European equities made an uncertain start to the Friday session, with investors awaiting the latest US jobs report with "bated breath".

Read more
5 Aug 2022 08:56

STOXX flat as traders await for U.S. job data

STOXX FLAT AS TRADERS AWAIT FOR U.S. JOB DATA (0744 GMT)

Read more
5 Aug 2022 07:52

LONDON MARKET PRE-OPEN: LSEG unveils buyback; WPP ups guidance

(Alliance News) - Stock prices in London are seen opening flat on Friday, despite a stellar handover from Asia, as traders await the next US jobs report before making big commitments.

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.