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Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc
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Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors
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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: 753.60
Bid: 756.80
Ask: 757.00
Change: 0.00 (0.00%)
Spread: 0.20 (0.026%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 753.60
WPP Live PriceLast checked at -

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London midday: Footsie unchanged, RBS leads risers

Fri, 20th Jan 2012 11:57

- Greek talks still in progress.- RBS taps ECB emergency facility.- Vodafone up on Indian tax ruling.The Footsie was rather flat at midday, after swinging between gains and losses in the mid-morning session. Neverthess, the blue chip index was trading within a narrow range with just 26 points separating its intraday low and high. Banks were providing a lift at lunchtime, balanced out by some heavy falls in the oil sector.Investors will be keeping a close eye on Greece, where talks are still ongoing between the government and private creditors. The Institute of International Finance, which represents the private bond-holders, said that progress has been made and that conversations would continue today, reports Reuters. Meanwhile, The New York Times reports that both parties could be close to a compromise over how much of a loss investors should take on €200bn of Greek bonds.In domestic news, the volume of retail sales in the UK rose by 0.6% on the month (2.6% on the year) in December, according to the latest data from the Office for National Statistics.Elsewhere, the HSBC/Markit Chinese manufacturing sector purchasing managers' index for the month of January rose slightly, to 48,8, from 48,7 the month before, reaching a three-month high.RBS LEADS GAINS IN BANKING SECTORRoyal Bank of Scotland was at the head of the pack despite news that it partook of the European Central Bank's long-term refinancing operation (LTRO) last month. According to Morgan Stanley research cited by The Telegraph, the semi-state owned lender borrowed £5bn of the £20bn of wholesale funding which it needs to replace this year. Sector peers Lloyds and Barclays were also higher.Shares in telecommunications group Vodafone rose on reports that the Indian Supreme Court has overturned an earlier tax-ruling against it from a lower court. The long-running battle centres around a $2.5bn (£1.3bn) tax bill relating to its 67% interest in Vodafone Essar, the Indian mobile unit of Hutchison Whampoa in which Vodafone invested over $11bn in 2007. Another stock dealing with Indian tax issues is Essar Energy which was down over 1% by midday. The stock took a tumble on Tuesday after its oil division was notified that it is no longer eligible to benefit from a deferred tax payment scheme.Hedge-fund manager Man was performing well after Deutsche Bank upgraded its shares to hold from sell, while Petrofac fell after JP Morgan Cazenove downgraded its rating from overweight to neutral.Oil stocks on the whole were falling, tracking oil prices lower. BP, BG and Shell were further pressured after Credit Suisse cut earnings per share estimates across the global Integrated Oils sector. Even oil and gas services firms Weir and AMEC were taken down a peg too. In fact, Weir Group is now leading the retreat on the top share index. The selling pressure on its shares is again being attributed to negative read-across from results published by some of its US peers. The Financial Times is reporting on the negligible profitability of some shale gas operations in the US. Drinks giant Diageo was performing well, helped by Investec which upgraded the Guiness maker from hold to buy ahead of its first half results due in a few weeks.British American Tobacco (BAT) was on the up after part-owned Indian peer ITC reported "extremely strong" third quarter results, according to Nomura. BAT owns 32% of ITC and it contributed around 12% to BAT's current market value, the broker said.It was reasonably quiet on the company announcements this morning. Media firm WPP has already made its fourth acquisition of 2012 with the purchase of a majority equity stake in Finnish communications agency Viestintätoimisto Pohjoisranta Oy (Pohjoisranta). Shares nudged higher. On the FTSE 250, engineering and construction group Kentz Corporation fell despite revealing that revenues and profits were "marginally" ahead of consensus expectations in 2011. The firm did reveal that long-standing Chief Executive Hugh O'Donnell to be replaced by Chief Operating Officer Christian Brown at the start of February.BCFTSE 100 - RisersRoyal Bank of Scotland Group (RBS) 27.90p +3.10%Barclays (BARC) 227.80p +2.91%ICAP (IAP) 331.60p +2.79%Smith & Nephew (SN.) 614.00p +2.42%Lloyds Banking Group (LLOY) 32.93p +2.05%Aviva (AV.) 348.30p +1.84%Imperial Tobacco Group (IMT) 2,261.00p +1.80%Capital Shopping Centres Group (CSCG) 330.00p +1.79%British American Tobacco (BATS) 2,948.50p +1.76%Man Group (EMG) 121.60p +1.76%FTSE 100 - FallersWeir Group (WEIR) 1,988.00p -4.38%Petrofac Ltd. (PFC) 1,453.00p -3.39%BP (BP.) 468.55p -2.88%Carnival (CCL) 1,962.00p -2.73%GKN (GKN) 209.00p -1.92%Antofagasta (ANTO) 1,340.00p -1.76%Glencore International (GLEN) 422.45p -1.76%BG Group (BG.) 1,464.00p -1.74%International Power (IPR) 322.30p -1.68%Shire Plc (SHP) 2,129.00p -1.66%FTSE 250 - RisersOcado Group (OCDO) 91.95p +14.79%Berendsen (BRSN) 448.20p +3.85%JD Wetherspoon (JDW) 422.00p +3.46%Northgate (NTG) 219.80p +3.44%Big Yellow Group (BYG) 278.20p +3.30%Misys (MSY) 301.40p +3.18%AG Barr (BAG) 1,268.00p +3.17%Telecity Group (TCY) 659.00p +3.13%Aberdeen Asset Management (ADN) 233.10p +3.10%Hays (HAS) 71.80p +2.94%FTSE 250 - FallersHome Retail Group (HOME) 96.40p -5.49%Ferrexpo (FXPO) 328.80p -3.29%Kenmare Resources (KMR) 48.09p -2.97%Aquarius Platinum Ltd. (AQP) 178.90p -2.93%Kentz Corporation Ltd. (KENZ) 448.00p -2.61%Kesa Electricals (KESA) 71.20p -2.47%Bwin.party Digital Entertainment (BPTY) 160.80p -2.31%Electra Private Equity (ELTA) 1,455.00p -2.15%Heritage Oil (HOIL) 187.90p -2.14%Chemring Group (CHG) 450.50p -2.07%
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22 Mar 2024 11:40

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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.

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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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31 Jan 2024 09:21

LONDON BROKER RATINGS: Jefferies raises Spirax-Sarco; cuts Victrex

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30 Jan 2024 16:00

London close: Stocks finish higher on raft of global data

(Sharecast News) - London's stock markets managed modest gains on Tuesday, driven by the news that the eurozone had narrowly avoided a recession.

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30 Jan 2024 09:37

TOP NEWS: WPP ups outlook and sets out restructuring amid AI push

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30 Jan 2024 09:01

LONDON MARKET OPEN: Stocks up; UK grocery price inflation cools

(Alliance News) - Stock prices in London opened higher on Tuesday, after new data showed that UK grocery price inflation eased in January.

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30 Jan 2024 07:22

WPP results to meet expectations as it sets medium-term targets

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29 Jan 2024 09:12

LONDON BROKER RATINGS: Berenberg raises IMI; Exane BNP cuts Schroders

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

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