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Share Price Information for WPP (WPP)

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Share Price: 812.60
Bid: 814.00
Ask: 814.40
Change: 8.40 (1.04%)
Spread: 0.40 (0.049%)
Open: 804.20
High: 821.60
Low: 804.20
Prev. Close: 804.20
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British Gas owner Centrica feels cold blast from critics

Fri, 11th May 2012 15:28

Although the City pages of Saturday's papers may focus on Centrica's trading patterns, outlined in a statement issued on Friday, the front page news is likely to be the energy provider's thinly veiled warning that fuel bills are set to go up later this year.Centrica, which provides energy under the British Gas and Scottish Gas brands, said that UK wholesale gas costs are around 15% higher for next winter than last, and non-commodity costs are expected to add a further £50 to the cost of supplying the average household this year. "The trend for retail energy costs remains upwards," the group warned, in a statement issued ahead of its annual general meeting (AGM).That piece of information set alarm bells ringing at the national charity, the Citizens Advice."The prospect of further rises in fuel bills will be a huge worry for many people who are already struggling to cope with last year's increases," predicted Gillian Guy, the Chief Executive of Citizens Advice. "Many household budgets are at breaking point and we urge British Gas to think about its customers and the extra pressure any rise will put on their finances. Energy companies need to keep prices as low as possible to avoid more people being pushed into fuel poverty or debt," Guy said, adding that anyone who is struggling with their fuel bills can get advice from their local Citizens Advice Bureaux.uSwitch.com, a web site that specialises in enabling people to compare the prices of UK energy providers, also picked up on Centrica's alarming news, and noted that British Gas is the second big utility company to run up a red flag over rising wholesale gas prices."This is deeply worrying as consumers are still struggling to come to terms with the £224 or 21% increase in bills from the end of 2010 and only enjoyed a £41 or 3.2% reduction at the beginning of this year," said Tom Lyon, an energy expert at uSwitch.com.Almost all of the major UK energy providers announced cuts to their electricity tariffs earlier this year, with E.ON's 6% cut topping the 5% reduction in a typical bill announced by British Gas."For consumers, it's clear that suppliers are warning of trouble ahead. I would urge them to prepare for the worst and to ensure that they are on a competitively priced energy plan and to make their homes as energy efficient as possible by taking up one of the many subsidised insulation offers available on the market," Lyon added."Suppliers have a pot of money to spend on helping their customers with energy efficiency. More importantly, they are moving towards a deadline to have spent it which means that many households could be in line to benefit," Lyon observed.The looming threat of Centrica upping fuel bills for residential customers is unlikely to go down well with newspaper editorial writers who are already on the company's case for what is seen as an overly generous package for Centrica Chief Executive, Sam Laidlaw, who has seen his basic pay package go up from £873,000 back in 2007 to £950,000 in 2011, on top of which he gets various other top-ups; The Guardian newspaper reported that Laidlaw's total package was worth £1.3m in 2011 and could end up being worth £4.3m if long-term performance targets are met.Centrica shareholders get to vote on Laidlaw's remuneration package at the AGM; if they follow the zeitgeist, the vote could be another example of shareholders rising up to protest against fat cats in the board room.Such protests have already claimed the heads of the chief executives at insurance giant Aviva and Daily Mirror publisher Trinity Mirror, while the remuneration committees at advertising agent WPP, car dealer Pendragon and bookie William Hill have also had their knuckles firmly rapped.
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25 Apr 2024 10:00

TOP NEWS: WPP holds guidance despite ongoing weakness in Asia and tech

(Alliance News) - WPP PLC on Thursday reported a fall in first quarter sales as progress in Europe was offset by declines in Asia.

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25 Apr 2024 07:41

WPP Q1 revenues fall 1.4%; Guidance held

(Sharecast News) - UK advertising agency WPP on Thursday said revenues fell 1.4% as it lost a healthcare client and spending by technology companies was cut back.

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25 Apr 2024 07:26

Ad group WPP reports 1.6% drop in first-quarter organic growth

LONDON, April 25 (Reuters) - British ad group WPP reported a 1.6% drop in organic growth in the first quarter, lagging its major rivals, after it was hit by loss of business from healthcare client Pfizer and reduced spending by technology companies.

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18 Apr 2024 14:17

UK earnings, trading statements calendar - next 7 days

Friday 19 April 
888 Holdings PLCTrading Statement
Man Group PLCTrading Statement
Monday 22 April 
Brave Bison Group PLCFull Year Results
Elixirr International PLCFull Year Results
Frenkel Topping Group PLCFull Year Results
Mobico Group PLCFull Year Results
South32 LtdQ3 Results
Ten Lifestyle Group PLCHalf Year Results
Tuesday 23 April 
Alliance Pharma PLCFull Year Results
Alphawave IP Group PLCFull Year Results
Anglo American PLCTrading Statement
ASA International Group PLCFull Year Results
Associated British Foods PLCHalf Year Results
Eleco PLCFull Year Results
GB Group PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Maintel Holdings PLCFull Year Results
Property Franchise Group PLCFull Year Results
Taylor Wimpey PLCTrading Statement
tinyBuild IncFull Year Results
Trellus Health PLCFull Year Results
Wednesday 24 April 
1Spatial PLCFull Year Results
abrdn PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Lloyds Banking Group PLCQ1 Results
Nichols PLCTrading Statement
PensionBee Group PLCFirst Quarter Results
PZ Cussons PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
Sanderson Design Group PLCFull Year Results
Serica Energy PLCFull Year Results
Star Energy Group PLCFull Year Results
Tortilla Mexican Grill PLCFull Year Results
Tracsis PLCHalf Year Results
Warpaint London PLCFull Year Results
Thursday 25 April 
Aquila European Renewables PLCFull Year Results
Argo Blockchain PLCFull Year Results
AstraZeneca PLCQ1 Results
Barclays PLCQ1 Results
Checkit PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
Destiny Pharma PLCFull Year Results
Hikma Pharmaceuticals PLCTrading Statement
Focusrite PLCHalf Year Results
Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
J Sainsbury PLCFull Year Results
London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
PureTech Health PLCFull Year Results
Relx PLCTrading Statement
Renewi PLCTrading Statement
Schroders PLCQ1 Results
Skillcast Group PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
Unilever PLCQ1 Results
WAG Payment Solutions PLCTrading Statement
Weir Group PLCTrading Statement
WH Smith PLCHalf Year Results
WPP PLCTrading Statement
Zinc Media Group PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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10 Apr 2024 11:56

LONDON MARKET MIDDAY: European stocks get boost ahead of US inflation

(Alliance News) - Stock prices in London were higher at midday on Wednesday, despite some nerves centred around the latest US inflation rate reading, out this afternoon.

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10 Apr 2024 10:28

WPP climbs after striking AI partnership with Alphabet's Google

(Alliance News) - WPP PLC late Tuesday announced a partnership deal with Alphabet Inc that will see Google’s Gemini models integrated with WPP Open, its artificial intelligence powered marketing operating system.

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22 Mar 2024 11:40

PRESS: S4 Capital climbs on WSJ report it rejected USD700 million bid

(Alliance News) - Shares in S4 Capital PLC advanced on Friday after The Wall Street reported the company had turned down a bid approach.

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7 Mar 2024 10:07

UPDATE: Marks & Spencer confirms Co-CEO Bickerstaffe to leave in July

(Alliance News) - Marks & Spencer Group PLC on Thursday said Co-Chief Executive Officer Katie Bickerstaffe will leave the company after the annual general meeting in July.

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23 Feb 2024 09:19

LONDON BROKER RATINGS: Barclays raises Breedon but cuts Domino's Pizza

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

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22 Feb 2024 16:53

LONDON MARKET CLOSE: European stocks boosted by ECB and Fed minutes

(Alliance News) - Stock prices in Europe closed higher on Thursday, on the back of minutes from the latest European Central Bank and US Federal Reserve meetings.

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22 Feb 2024 16:26

London close: Stocks rise amid raft of solid earnings

(Sharecast News) - London's stock markets finished in positive territory on Thursday, bolstered by upbeat performances from US AI chipmaker Nvidia and engine manufacturer Rolls-Royce.

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22 Feb 2024 09:00

TOP NEWS: WPP looks for AI boost after profit plummets in tough 2023

(Alliance News) - WPP PLC on Thursday looked beyond a demanding 2023, which saw profit collapse, and expressed a more upbeat view of future prospects.

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22 Feb 2024 07:37

WPP flags flat revenue growth amid some market struggles

(Sharecast News) - Advertising giant WPP reported a resilient year in its preliminary results on Thursday, as revenue and like-for-like profits rose, although reported profits tumbled.

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15 Feb 2024 14:42

UK earnings, trading statements calendar - next 7 days

Friday 16 February 
NatWest Group PLCFull Year Results
Segro PLCFull Year Results
TBC Bank Group PLCFull Year Results
Monday 19 February 
Bank of Cyprus Holdings PLCFull Year Results
MoneySupermarket.com PLCFull Year Results
Transense Technologies PLCHalf Year Results
Wilmington PLCHalf Year Results
Tuesday 20 February 
Antofagasta PLCFull Year Results
Barclays PLCFull Year Results
BHP Group LtdHalf Year Results
Coca-Cola Europacific Partners PLCFull Year Results
Gran Tierra Energy IncFull Year Results
InterContinental Hotels Group PLCFull Year Results
Petra Diamonds LtdHalf Year Results
Springfield Properties PLCHalf Year Results
Wednesday 21 February 
BAE Systems PLCFull Year Results
Conduit Holdings LtdFull Year Results
Glencore PLCFull Year Results
HSBC Holdings PLCFull Year Results
Rio Tinto PLCFull Year Results
Riverstone Credit Opportunities Income PLCFull Year Results
Tate & Lyle PLCTrading Statement
Thursday 22 February 
Anglo American PLCFull Year Results
Genus PLCHalf Year Results
Hargreaves Lansdown PLCHalf Year Results
Hays PLCHalf Year Results
Hikma Pharmaceuticals PLCFull Year Results
Indivior PLCFull Year Results
Jupiter Fund Management PLCFull Year Results
Lloyds Banking Group PLCFull Year Results
ME Group International PLCFull Year Results
Morgan Sindall Group PLCFull Year Results
Pantheon International PLCHalf Year Results
Rolls-Royce Holdings PLCFull Year Results
WPP PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
8 Feb 2024 09:06

WPP boosts ad tech offer in Germany with OH-SO Digital investment

(Alliance News) - WPP PLC on Thursday said it had bought a minority stake in OH-SO Digital, a new digital-first marketing agency launching March 1.

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