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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: 825.60
Bid: 828.60
Ask: 828.80
Change: 13.00 (1.60%)
Spread: 0.20 (0.024%)
Open: 817.40
High: 832.60
Low: 816.40
Prev. Close: 812.60
WPP Live PriceLast checked at -

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UPDATE 2-Earnings, metal rally spur European stocks to record high

Thu, 15th Apr 2021 09:40

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)

* FTSE 100 hits highest since Feb 2020 as miners jump

* German real estate firms rise as rent cap rule overturned

* Deliveroo slips despite reporting jump in orders

* STOXX 600 Q1 earnings expected to jump over 50% - data
(Updates to close)

By Sruthi Shankar

April 15 (Reuters) - European stocks closed at a record high
on Thursday as a rally in commodity prices lifted mining stocks
and a slate of upbeat earnings reports offset worries about the
pace of COVID-19 vaccinations.

The pan-European STOXX 600 index rose 0.5% in its
third session of gains, with miners jumping 1.5%.

Travel & leisure stocks closed up 0.1% after hitting
a record high earlier in the session.

The UK's commodity-heavy FTSE 100 rose 0.6% to its
highest level since February 2020 as a surge in metals prices
lifted shares of companies such as Rio Tinto, Anglo
American and BHP.

While European stocks have now recovered all of their
pandemic-induced losses from last year, they have lagged their
U.S. counterparts due to a choppy COVID-19 vaccine roll-out as
well as a new wave of infections across the continent.

U.S. drugmaker Johnson & Johnson this week delayed
the roll-out of its COVID-19 shot in Europe, while Denmark said
it would drop a similar vaccine from AstraZeneca over
the risk of blood clotting.

"The euro zone economy might lag others more than we had
expected previously because of the concerns around AstraZeneca,"
said Paul Jackson, global head of asset allocation research at
Invesco.

"Notwithstanding that, once they are vaccinated, European
countries have more to gain than most others."

With U.S. economic data and corporate earnings reports
reinforcing expectations of a swift global economic rebound,
attention this month will turn to the quarterly earnings season
in Europe.

Analysts expect earnings at STOXX 600 firms to rebound more
than 50% in the first quarter following a slide of nearly 40% in
the same quarter a year earlier, according to Refinitiv I/B/E/S
data.

On Thursday, Swiss engineering company ABB rose
3.1% after raising its full-year sales outlook, while French
advertising group Publicis gained 3.3% as it returned
to organic growth for the first time since before the pandemic.

Shares in Publicis' British rival WPP rose 0.5%.

German real estate companies Deutsche Wohnen, LEG
Immobilien and TAG Immobilien rose between
0.9% and 2.5% after the Constitutional Court ruled that a law
putting a rent cap on apartments in Berlin was invalid.

Britain's food delivery company Deliveroo slipped
3.8% even as its quarterly orders more than doubled in its first
trading update since its underwhelming market debut last month.

Norwegian lender Sbanken soared 30.3% after the
country's largest bank DNB agreed to buy the smaller
competitor in a deal worth 11.1 billion Norwegian crowns ($1.3
billion).
(Reporting by Sruthi Shankar in Bengaluru, additional reporting
by Sagarika Jaisinghani, editing by Shounak Dasgupta, Kirsten
Donovan)

More News
22 Mar 2023 11:56

LONDON MARKET MIDDAY: Stocks lower, pound up as rate decisions loom

(Alliance News) - Stock prices in London were largely lower at midday on Wednesday, as in-coming interest rate decisions from the US Federal Reserve and the Bank of England weighed on investors' minds.

Read more
22 Mar 2023 09:17

WPP buys London-based influencer marketing agency Goat for GroupM

(Alliance News) - WPP PLC on Wednesday announced the acquisition of influencer marketing agency Goat for an undisclosed price.

Read more
22 Mar 2023 08:49

LONDON MARKET OPEN: Stocks red as UK inflation stays in double-digits

(Alliance News) - Stock prices in London opened lower on Wednesday, but the pound was on the rise, after inflation in the UK came in hotter than expected in February, remaining in double-digits.

Read more
22 Mar 2023 07:55

LONDON BRIEFING: UK inflation surprises with rise to 10.4% in February

(Alliance News) - Stocks in London are set to open slightly lower on Wednesday, after UK inflation came in hotter than expected in February.

Read more
22 Mar 2023 07:01

WPP buys Goat marketing agency

(Sharecast News) - WPP on Wednesday said it had bought influencer marketing agency Goat for an undisclosed sum.

Read more
17 Mar 2023 20:53

TRADING UPDATES: Petra Diamonds sells more diamonds amid price growth

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday, Augmentum Fintech and Tap Global on Monday, and not separately reported by Alliance News:

Read more
7 Mar 2023 09:58

WPP acquires German healthcare communications group 3K

(Alliance News) - WPP PLC on Tuesday said it has acquired German healthcare specialist PR agency, 3K Agentur fur Kommunikation.

Read more
7 Mar 2023 08:00

WPP buys German health PR specialist

(Sharecast News) - WPP said it had bought German public relations agency 3K Agentur für Kommunikation (3K) for an undisclosed sum.

Read more
24 Feb 2023 09:37

LONDON BROKER RATINGS: SocGen cuts Burberry; BofA cuts WH Smith

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

Read more
23 Feb 2023 17:22

Upbeat corporate guidances lift European shares, Nvidia forecast boosts chip stocks

UK healthcare giants fall on ex-dividend trades

*

Read more
23 Feb 2023 17:00

LONDON MARKET CLOSE: FTSE 100 struggles, but European peers rise

(Alliance News) - Stock prices in London closed mixed on Thursday, with blue-chips ending in the red on renewed concerns of higher rates in the US, as well as a host of stocks going ex-dividend.

Read more
23 Feb 2023 13:52

AI could be the 'new gold' and Nvidia the largest 'miner'

STOXX 600 up 0.2%

*

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23 Feb 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 underperforms as rate worries weigh

(Alliance News) - Stock prices in London were largely higher at midday on Thursday, though the FTSE 100 was in the red as the more globally-focused index lamented interest rates in the US will likely keep pushing higher.

Read more
23 Feb 2023 11:56

Sell side sees 2-19% upside for top euro zone banks

STOXX 600 up 0.18%

*

Read more
23 Feb 2023 11:35

U.S. housing market flashes red recession signals

STOXX 600 up 0.1%

*

Read more

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