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Pin to quick picksWPP Share News (WPP)

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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MARKET PULSE-Solar stocks, Uranium stocks, Saks, Intersil, Prana Biotech

Mon, 29th Jul 2013 17:27

(For more market insights, including options activity, click on ; for the Day Ahead newsletter http://link.reuters.com/mex49s; for the Morning News Call newsletter, http://r.reuters.com/ref99t)

July 29 (Reuters) - Some U.S. stocks on the move on Monday:

WALL STREET FALLS AS INVESTORS EYE FED STATEMENT

U.S. stocks fell as investor sentiment turned wary before aU.S. Federal Reserve meeting later this week that could signalwhen the Fed will begin to temper its ultra accomodative policy.The Dow Jones Industrial Average was down 64.15 points,or 0.41 percent. The Standard & Poor's 500 Index fell8.41 points, or 0.50 percent, and the Nasdaq Composite Index lost 17.67 points, or 0.49 percent.

** USEC INC, $26.80, up 40 pct (1225 ET)

** LIGHTBRIDGE CORP, $2.12, up 33 pct (1225 ET)

** URANIUM RESOURCE INC, $5.02, up 21 pct (1225 ET)

Stocks of nuclear fuel companies soared after there-election of Japan's Liberal Democratic Party. The rulingparty is keen to get reactors running again, with Prime MinisterShizo Abe singling out reining in soaring fuel costs as a keypart of his economic reform plans.

** SYNTA PHARMACEUTICALS CORP, $6.88, up 36 pct(1253 ET)

The biopharmaceutical company said a proof-of-concept studyon its drug candidate ganetespib as a treatment for breastcancer has met its goal. Preliminary data showed the study couldnow be expanded and taken to its next stage, the company said.

Roth Capital Partners, which raised its price target on thestock to $20 from $18, said Synta remained attractive basedprimarily on the promise of ganetespib in several oncologyindications.

** CHANGYOU.COM LTD, $32.87, down 19.91 pct (1310ET)

The Chinese online game developer reportedlower-than-expected second-quarter revenue and forecastcurrent-quarter results below analysts' estimates.

** PRANA BIOTECHNOLOGY , $3.78, up 15 pct(1230 ET)

The Australian company said that the first patient has beendosed in a mid-stage study testing its experimental Alzheimer'sDisease drug.

** TURQUOISE HILL RESOURCES LTD, $4.64, down 13 pct(1223 ET)

The company's largest shareholder, Rio Tinto, hasput on hold all work on an underground expansion of the OyuTolgoi copper mine in Mongolia after the government said theparliament will need to approve financing for the project, whichis expected to cost more than $5 billion.

Oyu Tolgoi is 66 percent owned by Turquoise Hill unit, and 34 percent owned by the Mongolian government.

** YRC WORLDWIDE INC, $28.33, down 10 pct (1252 ET)

Credit Suisse started coverage on the stock of thetransportation and logistics company with an "underperform"rating.

** HAEMONETICS CORP, $41.45, down 9 pct (1252 ET)

The company, which provides devices, information managementand consulting services related to the collection andtransfusion of blood, reported first-quarter revenue that missedanalysts' estimates due to lower-than-expected surgical blooduse and lower blood collection.

It cut its revenue forecast by two percentage points, citingweak market conditions.

SOLAR STOCKS

** SUNTECH POWER HOLDINGS CO LTD, $1.47, up 4 pct(1251 ET)

** RENESOLA LTD, $4.54, up 6 pct (1254 ET)

** JINKOSOLAR HOLDING CO LTD, $14.01, up 9 pct (1252ET)

** CANADIAN SOLAR INC, $14.01, up 2 pct (1254 ET)

** TRINA SOLAR LTD, $7.58, up 2 pct (1256 ET)

China and the European Union defused their biggest tradedispute by far on Saturday with a deal to regulate Chinese solarpanel imports and avoid a wider war in goods from wine to steel.

EU's trade chief and his Chinese counterpart set a minimumprice for panels from China near spot market prices. Under theterms of the deal, China will also be allowed to meet about halfEurope's solar panel demand, if taken at last year's levels.

"The latest agreement more or less maintains the status quofor Chinese module makers," Raymond James analyst PavelMolchanov said, adding that the deal was in line withexpectations.

Chinese firms have already been bracing themselves for lowersales to Europe because the European market size is shrinking,while increasing their presence in markets like China and Japan.

** SOHU.COM INC, $62.66, down 10 pct (1256 ET)

The Chinese Internet portal reported second-quarter revenueslightly below analysts' estimates and forecast current-quarterprofit below Wall Street's expectation.

** SPHERIX INC, $7.27, up 6 pct (1251 ET)

The company disclosed terms of its previously announced dealto buy seven patents in the mobile communication sector fromprivately-held Rockstar Consortium.

Under the terms of the agreement, Spherix paid anunspecified amount of cash up-front and issued common stockvalued at $1 million.

** WET SEAL INC, $4.47, down 4 pct (1257 ET)

Brokerage B. Riley & Co downgraded the teen-apparelretailer's stock to "neutral", according to Theflyonthewall.com.

** FRANCESCA'S HOLDINGS CORP, $26.01, down 5 pct(1211 ET)

Wedbush Securities Inc cut its rating on the women's apparelretailer's stock to "neutral" from "outperform" due tolackluster mall traffic and competition as well as stagnatingmargins.

** INTERPUBLIC GROUP OF COS, $16.60, up 5 pct (1257ET)

** OMNICOM GROUP, $65.60, up 1 pct (1258 ET)

Following a Bloomberg report that bigger rivals OmnicomGroup and Publicis Groupe were in talks for a merger, shares of Interpublic rose on expectation the secondlargest U.S. advertising company would be in play.

Omnicom and Publicis announced on Sunday that they wouldmerge in a $35.1 billion deal.

Interpublic may be considered an acquisition target by WPP, Havas or Japan-based Dentsu, PivotalResearch Group analyst Brian Wieser wrote in a note on Sunday.

** CHELSEA THERAPEUTICS INTERNATIONAL LTD, $2.96,down 4 pct (1258 ET)

Chelsea Therapeutics said the U.S. Food and DrugAdministration has notified the pharmaceutical company offormatting issues in certain electronic datasets andstatistical programs submitted as a part of the marketingapproval application of its experimental hypotension drug,Northera.

Chelsea expects to submit the data in August. The date for adecision on the drug's approval may be delayed from thepreviously decided date of Jan. 3, 2014.

** NOVAVAX INC, $2.55, up 3 pct (1258 ET)

The vaccine developer reported positive results frompre-clinical studies testing its experimental vaccine againstthe H7N9 virus, a strain of the bird flu virus.

Novavax said the drug demonstrated 100 percent protectionagainst wild-type A (H7N9) influenza versus zero percentsurvival in the control and placebo groups, when tested on mice.

The virus has caused 36 deaths, and infected 131 people inmainland China and one in Taiwan since February.

** INTUITIVE SURGICAL INC, $388.93, up 2 pct (1259ET)

The maker of da Vinci surgical robots said it wouldrepurchase additional $779 million of the company's outstandingcommon stock. Intuitive's total share repurchase amount will nowbe about $1.5 billion.

** INTERSIL CORP, $9.23, up 5 pct (1259 ET)

The company, which makes power management chips used inflat-panel displays and DVD players, reportedbetter-than-expected second-quarter revenue on Friday. Intersilalso said it will reduce its workforce by 150 employees.

** SAKS INC, $15.84, up 3 pct (1259 ET)

Hudson's Bay Co, operator of department storechains Lord & Taylor in the United States and The Bay in Canada,said on Monday that it would buy luxury retailer Saks Inc for$16 per share, or $2.9 billion in cash, including debt.

** SUMITOMO MITSUI FINANCIAL GROUP INC, $9.39, up 2pct (1257 ET)

The bank said its quarterly net profit more than doubled asa rally in Japanese stocks pushed up the value of its equityinvestments and boosted profit at its brokerage unit.

** HORMEL FOODS CORP, $42.22, up 2 pct (1300 ET)

Credit Suisse upgraded the stock of the maker of Spam cannedham to "outperform" from "neutral", saying it expectssignificant margin expansion in the company's turkey and porkbusiness due to lower feed and packing costs.

The brokerage also raised its price target on the stock to$46 from $39. Credit Suisse expects Hormel's Skippy peanutbutter acquisition to exceed the company's own accretion targetsas sales growth are seen accelerating.

** LINCOLN ELECTRIC HOLDINGS INC, $58.60, down 4pct (1300 ET)

The maker of welding and cutting equipments reportedlower-than-expected quarterly revenue, hurt by lower sales inEurope and Asia Pacific. Sales at its largest North Americasegment rose only marginally.

** HOLLYFRONTIER CORP, $45.37, up 2 pct (1301 ET)

Shares of the Dallas-based oil refiner are expected to rise30 percent over the medium term as the company has access tocheaply-priced crude produced in North Dakota, West Texas, andthe Rocky Mountain region, weekly business newspaper Barron'sreported on Sunday.

** BARNES & NOBLE INC, $17.52, down 5 percent (1301ET)

The top U.S. bookstore chain said it sought more time todeliver audited financial statements to lenders due torestatements in certain financial periods. (http://link.reuters.com/nef99t)

The company said it had to restate certain financialstatements for periods prior to April 27, 2013, as it hadoverstated certain accruals as a result of inadequate controlsover the accrual reconciliation process at its distributioncenters.

** HERTZ GLOBAL HOLDINGS INC $26.21, down 3 pct(1302 ET)

The car rental company's CEO Mark Frissora said airportdemand was being impacted by the sequester and by airlinecapacity constraints and the associated higher fares. Thecompany's second quarter profit of 45 cents met Wall Street'sestimates, according to Thomson Reuters I/B/E/S.

** WYNN RESORTS LTD, $131.09, down 0.1 pct (1303ET)

The casino resorts operator reported a 6 percent drop inquarterly profit, hurt by a loss on early retirement of debt.The company's second-quarter results also missed Wall Street'sestimates. (Compiled by Rohit T.K. in Bangalore; Editing by SreejirajEluvangal)

More News
4 Aug 2023 07:55

LONDON BRIEFING: WPP cuts outlook; focus turns to US nonfarms

(Alliance News) - Stocks in London were called higher on Friday, as investors await the latest US jobs report, the main event at the conclusion of a busy week of data and monetary policy decisions.

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4 Aug 2023 07:17

WPP cuts full-year growth forecast as interim profits slump

(Sharecast News) - Advertising giant WPP on Friday cut its like-for-like growth forecast for the full year due as North America revenues fell in the second quarter.

Read more
28 Jul 2023 15:46

UK earnings, trading statements calendar - next 7 days

Monday 31 July 
Bank of Ireland Group PLCHalf Year Results
GlobalData PLCHalf Year Results
Hutchmed (China) LtdHalf Year Results
Pearson PLCHalf Year Results
Pod Point Group Holdings PLCHalf Year Results
Quartix Technologies PLCHalf Year Results
Ricardo PLCTrading Statement
Senior PLCHalf Year Results
Spectris PLCHalf Year Results
Tuesday 1 August 
BP PLCHalf Year Results
Coats Group PLCHalf Year Results
Diageo PLCFull Year Results
Domino's Pizza Group PLCHalf Year Results
Filtronic PLCFull Year Results
Fresnillo PLCHalf Year Results
Greggs PLCHalf Year Results
HSBC Holdings PLCHalf Year Results
International Personal Finance PLCHalf Year Results
Keller Group PLCHalf Year Results
Man Group PLCHalf Year Results
Metro Bank PLCHalf Year Results
NWF Group PLCFull Year Results
Robert Walters PLCHalf Year Results
Staffline Group PLCHalf Year Results
System1 Group PLCFull Year Results
Travis Perkins PLCHalf Year Results
Virgin Wines UK PLCTrading Statement
Weir Group PLCHalf Year Results
XP Power LtdHalf Year Results
Wednesday 2 August 
BAE Systems PLCHalf Year Results
ConvaTec Group PLCHalf Year Results
Direct Line Insurance Group PLCHalf Year Results
Endeavour Mining PLCHalf Year Results
Ferrexpo PLCHalf Year Results
Haleon PLCHalf Year Results
Genel Energy PLCHalf Year Results
Ibstock PLCHalf Year Results
IP Group PLCHalf Year Results
Kerry Group PLCHalf Year Results
Permanent TSB Group Holdings PLCHalf Year Results
Smurfit Kappa Group PLCHalf Year Results
Spirent Communications PLCHalf Year Results
Taylor Wimpey PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Thursday 3 August 
Coca-Cola Europacific Partners PLCHalf Year Results
Helios Towers PLCHalf Year Results
Hikma Pharmaceuticals PLCHalf Year Results
Irish Residential Properties REIT PLCHalf Year Results
London Stock Exchange Group PLCHalf Year Results
Mears Group PLCHalf Year Results
Mondi PLCTrading Statement
Morgan Sindall Group PLCHalf Year Results
Next PLCTrading Statement
Omega Diagnostics Group PLCFull Year Results
Pantheon International PLCFull Year Results
Pets At Home Group PLCQ1 Results
Rolls-Royce Holdings PLCHalf Year Results
ScS Group PLCTrading Statement
Serco Group PLCHalf Year Results
Shaftesbury Capital PLCHalf Year Results
Smith & Nephew PLCHalf Year Results
Tritax Big Box REIT PLCHalf Year Results
TT Electronics PLCHalf Year Results
Walker Crips Group PLCFull Year Results
Wizz Air Holdings PLCQ1 Results
Friday 4 August 
Capita PLCHalf Year Results
Renewables Infrastructure Group LtdHalf Year Results
WPP PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 Jul 2023 09:05

Sorrell's ad group S4 lowers outlook over wary tech clients

Co slashes FY revenue growth outlook to 2%-4%

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21 Jul 2023 16:54

LONDON MARKET CLOSE: FTSE 100 extends win streak before central banks

(Alliance News) - London's FTSE 100 rounded off the week with a slight gain, extending its winning streak to four days on Friday, with a trio of central bank decision on the horizon.

Read more
21 Jul 2023 15:17

Global retailers cash in on Barbie movie craze

July 21 (Reuters) - Shoppers are snapping up Barbie hoop earrings, perfume, jumpsuits, and dresses as retailers seek to cash in on Friday's Barbie film release, reigniting the craze for the plastic doll and her hot pink, sequin-adorned universe.

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21 Jul 2023 11:00

Global retailers cash in on Barbie movie craze

July 21 (Reuters) - Shoppers are snapping up Barbie hoop earrings, perfume, jumpsuits, and dresses as retailers seek to cash in on Friday's Barbie film release, reigniting the craze for the plastic doll and her hot pink, sequin-adorned universe.

Read more
21 Jul 2023 08:26

Global retailers cash in on Barbie movie craze

July 21 (Reuters) - Shoppers are snapping up Barbie hoop earrings, perfume, jumpsuits, and dresses as retailers seek to cash in on Friday's Barbie film release, reigniting the craze for the plastic doll and her hot pink, sequin-adorned universe.

Read more
21 Jul 2023 06:00

Global retailers cash in on Barbie movie craze

July 21 (Reuters) - Shoppers are snapping up Barbie hoop earrings, perfume, jumpsuits, and dresses as retailers seek to cash in on Friday's Barbie film release, reigniting the craze for the plastic doll and her hot pink, sequin-adorned universe.

Read more
19 Jul 2023 17:19

European shares gain as homebuilders surge; UK stocks shine

STOXX 600 up 0.3%, rising for second day

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Read more
30 Jun 2023 15:53

UK dividends calendar - next 7 days

Monday 3 July 
Bellway PLCdividend payment date
BlackRock Sustainable American Income Trust PLCdividend payment date
Grainger PLCdividend payment date
Kingfisher PLCdividend payment date
Marshalls PLCdividend payment date
Morgan Advanced Materials PLCdividend payment date
Victrex PLCdividend payment date
Tuesday 4 July 
Aurora Investment Trust PLCdividend payment date
Bunzl PLCdividend payment date
Scottish Mortgage Investment Trust PLCdividend payment date
Wednesday 5 July 
Balfour Beatty PLCdividend payment date
Britvic PLCdividend payment date
Hollywood Bowl Group PLCdividend payment date
Thursday 6 July 
abrdn Diversified Income & Growth PLCdividend payment date
Big Yellow Group PLCex-dividend payment date
CC Japan Income & Growth Trust PLCex-dividend payment date
CT Private Equity Trust PLCex-dividend payment date
CT UK High Income Trust PLCex-dividend payment date
European Assets Trust PLCex-dividend payment date
Global Smaller Companies Trust PLCex-dividend payment date
ICG Enterprise Trust PLCex-dividend payment date
JD Sports Fashion PLCex-dividend payment date
Law Debenture Corp PLCdividend payment date
Martin Currie Global Portfolio Trust PLCex-dividend payment date
Mears Group PLCex-dividend payment date
Mountview Estates PLCex-dividend payment date
Murray International Trust PLCex-dividend payment date
Next 15 Group PLCex-dividend payment date
Next PLCex-dividend payment date
Pacific Assets Trust PLCdividend payment date
Palace Capital PLCex-dividend payment date
Paragon Banking Group PLCex-dividend payment date
Polar Capital Holdings PLCex-dividend payment date
Premier Miton Group PLCex-dividend payment date
Primary Health Properties PLCex-dividend payment date
Real Estate Credit Investments Ltdex-dividend payment date
Safestore Holdings PLCex-dividend payment date
Schroder Income Growth Fund PLCex-dividend payment date
Shires Income PLCex-dividend payment date
Smart Metering Systems PLCex-dividend payment date
Smiths News PLCdividend payment date
Tatton Asset Management PLCex-dividend payment date
Value and Indexed Property Income Trust PLCex-dividend payment date
VPC Specialty Lending Investments PLCex-dividend payment date
Workspace Group PLCex-dividend payment date
Friday 7 July 
Anglo-Eastern Plantations PLCdividend payment date
Associated British Foods PLCdividend payment date
Blackrock Frontiers Investment Trust PLCdividend payment date
Crystal Amber Fund Ltddividend payment date
Forterra PLCdividend payment date
Hill & Smith PLCdividend payment date
JPMorgan Global Growth & Income PLCdividend payment date
LXi REIT PLCdividend payment date
Restore PLCdividend payment date
S&U PLCdividend payment date
Titon Holdings PLCdividend payment date
Victorian Plumbing Group PLCdividend payment date
Warehouse REIT PLCdividend payment date
Whitbread PLCdividend payment date
WPP PLCdividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
30 Jun 2023 09:50

LONDON BROKER RATINGS: HSBC likes Aviva; Credit Suisse lifts Drax

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

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20 Jun 2023 13:41

WPP invests in US-based creative diversity-focused agency Majority

(Alliance News) - WPP PLC on Tuesday said it has acquired a 30% stake in Atlanta-based diversity-focused creative agency Majority.

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12 Jun 2023 14:00

Retail media ad revenue forecast to surpass TV by 2028

2023 ad revenue from retail media to hit $126 bln -GroupM

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8 Jun 2023 16:56

LONDON MARKET CLOSE: FTSE underperforms as US data lifts New York

(Alliance News) - Stocks in London ended lower on Thursday, weighed down by a handful of shares going ex-dividend, though peers in Paris and Frankfurt closed higher.

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