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Pin to quick picksWPP Share News (WPP)

Share Price Information for WPP (WPP)

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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
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Sunday newspaper round-up: BT Group, Sports Direct, Ocado

Sun, 03rd May 2020 21:44

(Sharecast News) - The City is braced for a cut to BT's £1.5bn dividend - a move that would send pain through its army of retail shareholders after a wave of blue-chips slashed payouts amid the Covid-19 crisis. The board meets this week to decide whether to keep the dividend, one of the 20 biggest in the FTSE 100 index. More than 40 leading companies have cancelled £16.5bn of payouts this year, according to the broker Peel Hunt, including all the banks. Shell stunned the market by cutting its dividend by two-thirds on Thursday. - Sunday Times

Mike Ashley's Sports Direct and House of Fraser chains have asked store managers to work at least once a week while under the government's furlough scheme. Ashley's managers had also been asked to return to work - on reduced pay - on Monday, but the company did a U-turn on Sunday after the Guardian published details of the plan. - Guardian on Sunday

Ocado faces a row over boardroom pay at its annual meeting on Wednesday after awarding a £59m long-term shares bonus to chief executive Tim Steiner. Other FTSE 100 giants including Glaxo Smith Kline and Barclays will also hold annual meetings this week, with Covid-19 forcing them to use video conferencing. Advisory group ISS is urging investors to vote against Ocado's pay report, citing a "highly levered variable pay structure" and pay rises for the executive team. It is also advising investors to oust Andrew Harrison, head of the company's pay committee. - Sunday Times

Advertising tycoon Sir Martin Sorrell has warned that weak firms will be wiped out in a 'Darwinian culling' - as forecasts show unemployment is set to rocket. Sir Martin, the founder and former chief executive of the WPP media empire, predicted that only the strongest companies would pull through the Covid-19 pandemic in a survival-of-the-fittest fight that he compared to naturalist Charles Darwin's theory of natural selection. 'You feel it in the markets already. It's terrible, shocking, it's catatonic. A lot of companies will go down,' he said. 'This is a Darwinian culling.' - Mail on Sunday

Two groups representing about 500 businesses which have insurance policies with Hiscox have joined forces to pursue legal action against the insurer in a row over coronavirus payouts. The Night Time Industries Association (NTIA), which acts for more than 100 pubs, bars and nightclubs, has teamed up with the Hiscox Action Group, representing a wide range of firms in different sectors, to share information and pool resources in their dispute with Hiscox. Together the groups speak for policyholders with insurance cover of more than £50m. - Guardian on Sunday

Hargreaves Lansdown is to scrap its controversial Wealth 50 best-buy list just 16 months after it was launched and overhaul its fund recommendations. In a series of sweeping changes after the Woodford scandal, which led to accusations of a conflict of interest at Britain's biggest investment platform, Hargreaves is to introduce a Wealth Shortlist. The choice of funds for the list will be overseen by a new independent panel separate from the company's existing product governance committee. - Sunday Times

The chancellor Rishi Sunak is under intense pressure this weekend to offer a massive "second wave" of financial support to businesses within weeks amid growing fears of a catastrophic early summer of spiralling unemployment and company bankruptcies. With the government's £40bn job-retention scheme running until the end of June, business groups and the Labour party are demanding that Sunak extend the scheme as a matter of urgency to give an essential lifeline to the UK economy. - Guardian on Sunday

Lloyds will hand shares worth £200 to every member of staff this month to thank them for their efforts during the coronavirus crisis. The bank has rewarded 65,000 staff for handling an unprecedented number of calls requesting mortgage payment holidays, rescue loans and overdrafts. The bank's managers said they also recognised that customer-facing staff were under increasing pressure from irate members of the public who refused to socially distance themselves in branches. - Mail on Sunday
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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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