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Share Price Information for WPP (WPP)

London Stock Exchange
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Share Price: 735.40
Bid: 734.60
Ask: 734.80
Change: -9.00 (-1.21%)
Spread: 0.20 (0.027%)
Open: 746.80
High: 746.80
Low: 731.40
Prev. Close: 744.40
WPP Live PriceLast checked at -

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London midday: Markets hit by resignation of Italian PM

Mon, 10th Dec 2012 11:24

- Italian PM Monti to resign- Japan in recession- Greece extends buy-back offerStock markets reacted to Mario Monti's resignation with moderate losses on Monday, as the departure of Italy's Prime Minister throws up another curve ball in the ongoing Eurozone debt crisis.Benchmarks across Europe showed their vulnerability to political uncertainty this morning, with Milan's FTSE MIB index (-3.2%) and Madrid's IBEX index (-1.7%) hit the hardest.Monti, Italy's current technocrat PM, announced this weekend that he would step down as soon as parliament passes a budget bill, paving the way for an early generation election in spring next year. Monti explained that he made the decision based on constant criticism from what had been his largest source of support in Parliament: Il Popolo della Libertà party (PDL), run by ex-PM Silvio Berlusconi."This certainly marks a new chapter in the Eurozone debt crisis in 2013, as Italy becomes the next target on the 'will it default or not?' list," said market strategist Ishaq Siddiqi from ETX Capital.The yield on a 10-year Italian bond was up a whopping 34.2 basis points at 4.871% on the secondary market before midday today.Siddiqi added: "Monti has been seen as a safe pair of hands across financial markets and pro-austerity countries like Germany- his departure in that case leaves the void to be filled by parties such as that of ex Italian PM Silvio Berlusconi who are very critical of Monti's government."Also weighing on sentiment this morning was the news that Japan had entered into a recession in the third quarter. Japanese gross domestic product (GDP) fell at a annual rate of 3.5% in the three months to the end of September, in line with the preliminary reading. This follows the revised 0.1% decrease in the second quarter.Elsewhere, industrial production figures in China were strong last month, rising at an annual rate of 10.1%, up from October's 9.6% gain and the 9.8% increase expected. However, the country's exports rose by less than forecast in November, by 2.9% month-on-month (consensus estimate: +9%). Markets were also digesting the news that US President Barack Obama and House Speaker John Boehner had an unscheduled face-to-face meeting yesterday to discuss the 'fiscal cliff'. "Thus, investors will be hoping for an early Christmas present this week in the form of announcement, which is backed by tangible evidence, that US policy officials are close to agreeing a deal to avoid the cliff," said financial trader Shavaz Dhalla.Meanwhile, Greece has announced that it will extend its debt repurchase plan by one more day in order to receive additional offers from bond holders. "We have decided to extend the invitation to offer designated securities for exchange to 11 December 2012," Stelios Papadopoulos, the head of the Public Debt Management Agency, said in a statement.FTSE 100: ENRC falls after DRC expansionMining titan Eurasian Natural Resources Corporation (ENRC), fell after saying that it is to buy the remaining 49.5% stake in Democratic Republic of the Congo (DRC) focused group Camrose Resources for $550m. The acquisition is an attempt to simplify its organisational structure and consolidate its position within the DRC. Power systems group Rolls-Royce was still under pressure after Thursday's news that it was under investigation by the Serious Fraud Office (SFO) after matters of bribery and corruption involving so-called "intermediaries" were discovered in Indonesia and China. According to media reports this weekend, Rolls-Royce has been accused of giving $20m and a new car to the son of the former Indonesian President to help the company win an engine contract.Advertising and media giant WPP was under the weather this morning after Deutsche Bank lowered its rating for the stock to 'hold' and cut its target price for the share from 945p to 930p.Insurance giant Resolution gained after saying that it is nearing the final stretch of its simplified governance structure. The company expects that by 2013 it will adopt a unified membership of the boards of Resolution and Friends Life Group (FLG), the main UK holding company for its regulated insurance group. Sweeteners and food products group Tate & Lyle was on the rise after last week's investor seminar in Chicago. Investec, which maintained its 'buy' rating for the shares, said it was impressed by the meeting and the key takeaways were "innovation and collaborative capabilities, plus a potential cost advantage". Canaccord Genuity raised its target price for the stock this morning from 780p to 840p, keeping its 'buy' recommendation.Airline group IAG was lower as its Spanish division Iberia sits down with labour unions over what it called a "unnecessary and disproportionate" planned strike.FTSE 250: AZ Electronic Materials hit by downgradeSpeciality chemicals producer AZ Electronic Materials led the fallers after UBS cut its rating from 'buy' to 'neutral' on valuation grounds, removing the stock from its 'Pan-euro Midcap Key Call List'. Including Monday's over 5% decline (to 360.8p), the stock has still gained 50% in 2012. UBS said that following its strong performance, it has now closed the valuation gap compared with its UK speciality chemicals sector.Ken McMeikan, the Chief Executive Officer of bakery and hot snacks retailer Greggs, is to leave the company for catering firm Brakes Group. Shares fell early on after the CEO of four years said that he would leave as soon as a successor could be found. Shore Capital cut its recommendation for the shares to 'hold' this morning.Oil and gas group Salamander Energy gained after has announcing that it has started drilling at its Bontang project in the North Kutei basin in Indonesia.Irn-Bru maker AG Barr was flat after posting a 9% increase in revenue in the 18 weeks to the start of December and says it remains confident of delivering on full-year expectations. Numis downgraded its rating on the stock this morning to 'hold'.FTSE 100 - RisersAssociated British Foods (ABF) 1,500.00p +1.01%Tate & Lyle (TATE) 765.00p +0.79%Petrofac Ltd. (PFC) 1,699.00p +0.77%Resolution Ltd. (RSL) 247.00p +0.65%Johnson Matthey (JMAT) 2,458.00p +0.61%Kazakhmys (KAZ) 750.00p +0.60%GlaxoSmithKline (GSK) 1,356.50p +0.56%Burberry Group (BRBY) 1,312.00p +0.54%Randgold Resources Ltd. (RRS) 6,420.00p +0.47%Reckitt Benckiser Group (RB.) 3,979.00p +0.43%FTSE 100 - FallersAviva (AV.) 357.50p -2.40%Eurasian Natural Resources Corp. (ENRC) 277.00p -2.12%Hargreaves Lansdown (HL.) 719.50p -2.11%Rolls-Royce Holdings (RR.) 881.00p -1.73%WPP (WPP) 855.00p -1.67%Capita (CPI) 748.00p -1.51%Aggreko (AGK) 2,214.00p -1.34%Experian (EXPN) 1,037.00p -1.33%International Consolidated Airlines Group SA (CDI) (IAG) 169.20p -1.17%Admiral Group (ADM) 1,117.00p -1.15%FTSE 250 - RisersMan Group (EMG) 76.70p +4.14%Centamin (DI) (CEY) 51.40p +2.90%Ruspetro (RPO) 85.30p +2.28%Kenmare Resources (KMR) 31.21p +2.09%Halfords Group (HFD) 345.00p +1.95%ITE Group (ITE) 228.80p +1.69%Daejan Holdings (DJAN) 2,979.00p +1.67%Raven Russia Ltd (RUS) 62.75p +1.62%Morgan Crucible Co (MGCR) 259.70p +1.48%Jupiter Fund Management (JUP) 278.00p +1.27%FTSE 250 - FallersAZ Electronic Materials SA (DI) (AZEM) 363.40p -4.44%Pace (PIC) 184.60p -3.75%Perform Group (PER) 368.10p -3.13%African Barrick Gold (ABG) 402.10p -3.11%Bumi (BUMI) 267.50p -2.87%New World Resources A Shares (NWR) 272.00p -2.86%Greggs (GRG) 473.80p -2.61%Hochschild Mining (HOC) 462.80p -2.57%Shanks Group (SKS) 76.05p -2.56%Sports Direct International (SPD) 390.50p -2.13%BC
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8 Nov 2022 09:51

IN BRIEF: WPP appoints Britvic's Wilson as CFO after Rogers resigns

WPP PLC - London-based advertising and communications company - Says Chief Financial Officer John Rogers to step down from role, and as an executive director of the board, following the finalisation of the 2022 Annual Report & Accounts next year.

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8 Nov 2022 07:29

WPP taps Britvic's Joanne Wilson for CFO

(Sharecast News) - Advertising group WPP said on Tuesday that chief financial officer John Rogers had decided to step down from the company following the finalisation of its full-year results.

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8 Nov 2022 07:09

WPP CFO Rogers to be replaced by Britvic finance boss Wilson

LONDON, Nov 8 (Reuters) - Advertising giant WPP said finance director, John Rogers, would step down next year, to be replaced by the CFO at drinks company Britvic, Joanne Wilson.

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4 Nov 2022 10:15

LONDON BROKER RATINGS: Liberum cuts British Land; Exane cuts Sainsbury

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

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4 Nov 2022 08:57

Berenberg lowers target price on WPP

(Sharecast News) - Analysts at Berenberg lowered their target price on media giant WPP from 915.0p to 864.0p on Friday after the group's Q3 growth was "softer than the whisper".

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27 Oct 2022 10:14

LONDON BROKER RATINGS: Kepler Cheuvreux starts Haleon at 'hold'

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

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27 Oct 2022 07:52

LONDON BRIEFING: Shell back in black; Lloyds income growth "robust"

(Alliance News) - Another poor set of quarterly figures from a big US tech stock, this time Facebook-owner Meta Platforms, means European markets were set to open lower on Thursday, while traders await the latest interest rate decision by the European Central Bank.

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26 Oct 2022 12:16

LONDON MARKET MIDDAY: Strong sterling growth holds FTSE 100 back

(Alliance News) - The FTSE 100 stock index extended its decline at midday on Wednesday, suffering at the hands of a surging pound, which reached as high as USD1.16.

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26 Oct 2022 09:07

TOP NEWS: WPP ups full-year revenue guidance on "strong momentum"

(Alliance News) - WPP PLC on Wednesday lifted annual top-line guidance after a strong rise in third-quarter revenue.

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26 Oct 2022 08:49

LONDON MARKET OPEN: Sterling climbs above USD1.15, euro above parity

(Alliance News) - London's FTSE 100 index moved lower at the open on Wednesday, as the pound continued to climb higher on the potential for the stability that a Rishi Sunak premiership could bring to Westminster.

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26 Oct 2022 07:51

LONDON BRIEFING: Barclays and StanChart quarterly profit improves

(Alliance News) - Stock prices in London were called to open slightly lower on Wednesday, after Alphabet and Microsoft shares were sold off in after-hours trading in New York on Tuesday, putting a cloud over European markets.

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26 Oct 2022 07:01

WPP Q3 revenues up 10% YOY amid 'broad-based growth'

(Sharecast News) - Advertising giant WPP said on Wednesday that third-quarter revenues had surged, reflecting "broad-based growth" across its agencies, markets and industry sectors.

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25 Oct 2022 15:55

UK dividends calendar - next 7 days

Wednesday 26 October 
Ecora Resources PLCdividend payment date
Midwich Group PLCdividend payment date
Morgan Sindall Group PLCdividend payment date
Smith & Nephew PLCdividend payment date
Thursday 27 October 
AEW UK REIT PLCex-dividend payment date
Balfour Beatty PLCex-dividend payment date
Bankers Investment Trust PLCex-dividend payment date
Brunner Investment Trust PLCex-dividend payment date
City of London Investment Trust PLCex-dividend payment date
CQS Natural Resources Growth & Income PLCex-dividend payment date
CQS New City High Yield Fund Ltdex-dividend payment date
D4T4 Solutions PLCspecial dividend date
Dechra Pharmaceuticals PLCex-dividend payment date
Ferguson PLCex-dividend payment date
Fidelity Asian Values PLCex-dividend payment date
FW Thorpe ex-dividend payment date
Headlam Group PLCex-dividend payment date
Henderson Far East Income Ltdex-dividend payment date
Law Debenture Corp PLCdividend payment date
Learning Technologies Group PLCdividend payment date
MJ Gleeson PLCex-dividend payment date
Morgan Advanced Materials PLCex-dividend payment date
Mulberry Group PLCex-dividend payment date
Next Fifteen Communications Group PLCex-dividend payment date
Wilmington PLCex-dividend payment date
Friday 28 October 
abrdn Latin American Income Fund Ltddividend payment date
abrdn Private Equity Opportunities Trust PLCdividend payment date
abrdn Smaller Companies Income Trust PLCdividend payment date
abrdn UK Smaller Companies Growth Trust PLCdividend payment date
AG Barr PLCdividend payment date
Computacenter PLCdividend payment date
Essentra PLCdividend payment date
Fidelity European Trust PLCdividend payment date
Gateley Holdings PLCdividend payment date
Gresham House PLCdividend payment date
Henderson High Income Trust PLCdividend payment date
Hipgnosis Songs Fund Ltddividend payment date
Hunting PLCdividend payment date
Kainos Group PLCdividend payment date
Keywords Studios PLCdividend payment date
Martin Currie Global Portfolio Trust PLCdividend payment date
Mears Group PLCdividend payment date
North American Income Trust PLCdividend payment date
Pantheon Infrastructure PLCdividend payment date
Petershill Partners PLCdividend payment date
Rightmove PLCdividend payment date
RIT Capital Partnersdividend payment date
Ruffer Investment Co Ltddividend payment date
Safestyle UK PLCdividend payment date
Securities Trust of Scotland PLCdividend payment date
Shires Income PLCdividend payment date
Smart Metering Systems PLCdividend payment date
Smurfit Kappa Group PLCdividend payment date
Ten Entertainment Group PLCdividend payment date
Unite Group PLCdividend payment date
Value and Indexed Property Income Trust PLCdividend payment date
Videndum PlCdividend payment date
Monday 31 October 
Aquila Energy Efficiency Trust PLCdividend payment date
CT Private Equity Trust PLCdividend payment date
European Assets Trust PLCdividend payment date
Life Science REIT PLCdividend payment date
Lowland Investment Company PLCdividend payment date
Tuesday 1 November 
DS Smith PLCdividend payment date
F&C Investment Trust PLCdividend payment date
Mercantile Investment Trust PLCdividend payment date
WPP PLCdividend payment date
  
Copyright 2022 Alliance News Limited. All Rights Reserved. 

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19 Oct 2022 15:39

UK earnings, trading statements calendar - next 7 days

Thursday 20 October 
AJ Bell PLCTrading Statement
Bunzl PLCQ3 Results
Centamin PLCQ3 Results
Dechra Pharmaceuticals PLCTrading Statement
Dunelm Group PLCTrading Statement
GB Group PLCTrading Statement
International Personal Finance PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Luceco PLCTrading Statement
Nanoco Group PLCFull Year Results
National Express Group PLCTrading Statement
Relx PLCTrading Statement
RPS Group PLCTrading Statement
Schroder AsiaPacific Fund PLCQ3 Results
Schroder British Opportunities TrustTrading Statement
Schroders PLCTrading Statement
Segro PLCTrading Statement
SigmaRoc PLCTrading Statement
St James's Place PLCQ3 Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
XPS Pensions Group PLCTrading Statement
Friday 21 October 
Deliveroo PLCTrading Statement
InterContinental Hotels Group PLCTrading Statement
London Stock Exchange Group PLCTrading Statement
Record PLCTrading Statement
SIG PLCTrading Statement
Wickes Group PLCTrading Statement
Monday 24 October 
Bioventix PLCFull Year Results
Dr Martens PLCHalf Year Results
Pearson PLCQ3 Results
Schroder BSC Social Impact Trust PLCFull Year Results
Tuesday 25 October 
HSBC Holdings PLCQ3 Results
Petra Diamonds LtdTrading Statement
Shoe Zone PLCTrading Statement
Softcat PLCFull Year Results
THG PLCTrading Statement
Tristel PLCFull Year Results
Whitbread PLCHalf Year Results
Wednesday 26 October 
Barclays PLCQ3 Results
Bloomsbury Publishing PLCHalf Year Results
Bytes Technology Group PLCHalf Year Results
Ecora Resources PLCTrading Statement
Elementis PLCTrading Statement
Essentra PLCTrading Statement
Fresnillo PLCQ3 Results
Oakley Capital Investments LtdTrading Statement
Reckitt Benckiser Group PLCQ3 Results
RWS Holdings PLCTrading Statement
Standard Chartered PLCQ3 Results
Virgin Wines UK PLCFull Year Results
WPP PLCTrading Statement
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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18 Oct 2022 09:27

CORRECT: LONDON MARKET OPEN: Risk appetite recovers; Publicis rises

(Correcting to clarify that there has been a report of a potential delay to a Bank of England bond sale programme.)

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