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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: 13.80 (1.87%)
Spread: 0.20 (0.026%)
Open: 742.60
High: 759.80
Low: 739.60
Prev. Close: 739.80
WPP Live PriceLast checked at -

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London open: EFSF worries weigh on Footsie

Wed, 12th Oct 2011 08:28

Just eight of the 100 stocks on the Footsie were making gains on Wednesday morning, following the news that the Slovakia failed to agree on the extension of the Eurozone rescue fund.SLOVAKIAN HEADACHELate Tuesday night, just 55 of the 150 MPs in Slovakia's parliament voted in favour of expanding the European Financial Stability Fund (EFSF), the €440bn fund which will provide financial support to struggling Eurozone nations."Extending the EFSF is mainly for saving foreign banks, and it will be expensive for Slovakia," said Richard Sulik, the leader of the Freedom and Solidarity party. "I'd rather be a pariah in Brussels than have to feel ashamed before my children, who would be deeper in debt should I back raising the volume of funding in the EFSF bail-out mechanism," he added.Because Slovakia is a member of the club of 17 countries which use the euro in theory its refusal to participate in the EFSF could mean the whole enterprise collapses. Nevertheless, the government's finance minister Ivan Miklos said, "There is an assumption that, one way or another, the EFSF will be approved by the end of the week."Meanwhile, there are reports that the European Banking Authority could impose a minimum capital buffer of 10% on the region's banks to make sure they can deal with sovereign debt write-downs. According to this morning's Times, banks could need to raise between €100bn and €275bn. The banks fell lower in early trade on the Footsie, with Lloyds, Barclays and Royal Bank of Scotland in the red. The Times said that RBS - which currently has a core tier 1 ratio of 8% - may need to ask the government for help.FRESNILLO LEADS FALLERS AFTER PRODUCTION DISAPPOINTMENTIn London, Fresnillo dropped almost 5% in the opening minutes after cutting its full-year silver production target. Due to two fatalities in July, the gold and silver miner was forced to tighten safety conditions at the Fresnillo mine, causing a temporary slowdown in operations.Fellow miner BHP Billiton was also lower after giving the green light for US$1.2bn to be invested in the first phase of the Olympic Dam Project to develop an open pit mine in South Australia.British luxury brand Burberry was also out of favour after revealing a slowdown in growth in the second quarter. Also, while wholesale revenues rose by 9% in the first half, the firm said it expects growth to fall to a mid single-digit percentage.WPP, the FTSE 100 advertising firm, slipped as it agreed to take a majority stake in the Chinese digital agency A4A.UK defence contractor BAE Systems reiterated that earnings for 2011 will be broadly in line with those of 2010. However, shares took a hit early on.BCFTSE 100 - RisersRandgold Resources Ltd. (RRS) 6,495.00p +1.33%InterContinental Hotels Group (IHG) 1,084.00p +0.65%Intertek Group (ITRK) 1,881.00p +0.48%Tate & Lyle (TATE) 628.00p +0.32%Imperial Tobacco Group (IMT) 2,169.00p +0.18%G4S (GFS) 275.90p +0.15%Serco Group (SRP) 505.50p +0.10%Ashmore Group (ASHM) 321.00p +0.06%FTSE 100 - FallersFresnillo (FRES) 1,617.00p -4.83%Man Group (EMG) 160.00p -3.73%Cairn Energy (CNE) 286.60p -2.42%Old Mutual (OML) 107.80p -2.36%Wolseley (WOS) 1,682.00p -2.32%Tullow Oil (TLW) 1,368.00p -2.08%Capital Shopping Centres Group (CSCG) 333.40p -1.77%International Power (IPR) 326.90p -1.54%Experian (EXPN) 729.50p -1.42%Tesco (TSCO) 401.50p -1.35%
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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.

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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

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

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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

(Alliance News) - WPP PLC on Tuesday announced a cost-cutting plan and set out an artificial intelligence strategy, earmarking an annual cash investment of around GBP250 million in proprietary technology.

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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

(Sharecast News) - Advertising giant WPP said in an update on Tuesday that it expected its 2023 results to align with earlier guidance.

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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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