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Pin to quick picksWPP Share News (WPP)

Share Price Information for WPP (WPP)

London Stock Exchange
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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
WPP Live PriceLast checked at -

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FTSE 100 movers: Serco's growth rate to acclerate

Wed, 06th Jul 2011 17:17

Fears that outsourcers such as Serco would be hard hit by the government's comprehensive spending review have yet to be fully realised, but the company's shares have been on a bad run of late.That seems to have prompted Citigroup to issue a "buy" note on the stock, with a target price of 670p.Citi reckons that the threat of losing government business is starting to recede, while the company also has plenty of room to grow in the Asia Pacific market.Citi is predicting Serco's organic growth will kick on from 3% in the first half of 2011 to 7% in 2012 and 8% in 2013. "News on large bids for MOD army recruitment, Peterborough Council, and Lincolnshire Police are due in the second half," Citi notes.Advertising agency WPP was under the cosh on Wednesday but that is more likely to be because of concerns about the global economy rather than what looks like a small bolt-on acquisition of an Indian advertising agency.Moody's downgradng of Portugal's debt to junk status and China's decision to hike its key lending rate by a quarter of a point could both put a crimp on economic confidence, to the detriment of WPP's business, which depends on a "spend, spend, spend" mentality.The company announced it is aquiring Mindset Advertising, a full service advertising agency that offers creative services, strategic planning and campaign execution in digital, print and television. The agency employs 44 people and major clients include ADP, Airtel and Pepsi. Mindset's unaudited revenues for the year ended 31 March 2011 were Rs 51 million, with gross assets of Rs 43 million at the same date.FTSE 100 - RisersSerco Group (SRP) 565.00p +3.86%ARM Holdings (ARM) 616.00p +2.41%Smith & Nephew (SN.) 684.00p +1.71%Glencore International (GLEN) 494.20p +1.69%Experian (EXPN) 823.00p +1.48%Intertek Group (ITRK) 1,938.00p +1.47%GlaxoSmithKline (GSK) 1,359.50p +0.93%Tullow Oil (TLW) 1,313.00p +0.92%Resolution Ltd. (RSL) 300.00p +0.60%Randgold Resources Ltd. (RRS) 5,185.00p +0.58%FTSE 100 - FallersBarclays (BARC) 249.75p -3.76%Royal Bank of Scotland Group (RBS) 37.85p -3.42%WPP (WPP) 762.00p -3.05%International Consolidated Airlines Group SA (IAG) 251.10p -2.94%International Power (IPR) 310.20p -2.76%ICAP (IAP) 480.30p -2.66%ITV (ITV) 71.75p -2.58%Eurasian Natural Resources Corp. (ENRC) 795.50p -2.33%Admiral Group (ADM) 1,630.00p -2.28%Vedanta Resources (VED) 2,023.00p -2.22%
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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:

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8 Aug 2023 07:58

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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".

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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.

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7 Aug 2023 09:14

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

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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.

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European stocks end higher but mark first weekly loss in four

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

WPP slides after FY guidance cut

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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.

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4 Aug 2023 12:04

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

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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.

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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.

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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.

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