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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: 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
WPP Live PriceLast checked at -

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UPDATE 2-FTSE 100 snaps four-day winning run amid Brexit worries

Fri, 25th Oct 2019 09:29

* Polymer maker Synthomer tanks after profit alert

* Barclays, WPP gain after Q3 updates

* FTSE 100 down 0.1%, FTSE 250 down 0.2%
(Adds company news items, analyst comments, updates share
moves)

By Muvija M and Shashwat Awasthi

Oct 25 (Reuters) - UK stocks ended Friday on a sour note as
Brexit jitters weighed on sentiment, although the exporter-heavy
FTSE 100 marked its strongest weekly performance in nine months
as the continuing political divide hurt sterling.

The FTSE 100, which had hovered at a near one-month
high in the last two sessions, closed with a 0.1% dip. The FTSE
250 lost 0.2%, led lower by a 9.4% fall in Synthomer
after the polymer maker issued a profit warning.

Brexit updates have been the driving force behind a
roller-coaster ride for the domestic market over the last few
weeks.

While sentiment had improved for battered sectors such as
housebuilders after Prime Minister Boris Johnson
sealed a new Brexit deal, caution returned as lawmakers rejected
his timeline for the deal's passage.

Parliament forced Johnson to ask for another extension to
the departure date, but the European Union has yet to give a
go-ahead to the request. Comments from a source close to French
President Emmanuel Macron that the delay is not justified at
this stage exacerbated worries.

Housebuilders dipped 0.2% on the sector's
fifth straight session in the negative territory.

UK midcaps suffered a bigger hit versus the FTSE 100 on the
back of a continued weakness in the pound due to the political
tug of war over the course of Brexit.

"Markets may not be fully comfortable with diving head first
into riskier assets, until there is greater certainty
surrounding the US-China trade conflict and Brexit," FXTM
analyst Han Tan said.

Helping limit losses on the main index, Barclays
advanced 2.4% after reporting a third-quarter profit that topped
analysts' expectations.

WPP, the world's biggest ad firm, jumped 6.1% after
it reported a return to quarterly organic sales growth for the
first time in over a year, with a new strategy from boss Mark
Read helping the company win more work.

"The turnaround at the advertising giant WPP appears to be
gaining some traction," AJ Bell investment director Russ Mould
said.

Another notable gainer was luxury goods company Burberry
, which added 2.1% as results from Gucci parent Kering
and Italian jacket maker Moncler allayed
some concerns of a major hit to sales from the Hong Kong
protests.

National Grid weighed with a 2.4% drop after media
outlets reported that New York governor had signalled to cancel
the utility's licence if it fails to cooperate with state
officials regarding a moratorium on natural gas connections.

(Reporting by Muvija M and Shashwat Awasthi in Bengaluru
Editing by Arun Koyyur and Frances Kerry)

More News
20 Sep 2023 07:55

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(Alliance News) - Stocks in London are expected to open in the green on Wednesday, as a cooler-than-expected UK inflation print helped to calm nerves ahead of an interest rate decision from the US later, with the Bank of England to follow on Thursday.

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18 Aug 2023 06:00

From Mad Men to machines? Big advertisers shift to AI

LONDON, Aug 18 (Reuters) - Some of the world's biggest advertisers, from food giant Nestle to consumer goods multinational Unilever, are experimenting with using generative AI software like ChatGPT and DALL-E to cut costs and increase productivity, executives say.

Read more
8 Aug 2023 09:25

LONDON BROKER RATINGS: Deutsche Bank cuts WPP to 'hold' from 'buy'

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

Read more
8 Aug 2023 07:58

LONDON BRIEFING: abrdn assets fall; Spirax-Sarco CEO steps down

(Alliance News) - Stocks in London are called to open lower on Tuesday, following news that Germany's yearly inflation rate eased in July, with investors now nervously awaiting readings from China and the US later this week.

Read more
7 Aug 2023 11:26

IN THE KNOW: Barclays sees turnaround for WPP in next two years

(Alliance News) - Barclays lowered its price target for WPP on Monday but left its 'overweight' rating unchanged, saying it viewed the company's annual guidance cut as a temporary "hiccup".

Read more
7 Aug 2023 11:17

Director dealings: WPP non-exec invests, IG board members exercise options and sell

(Sharecast News) - Advertising giant WPP was on the list of director buys on Monday, after a non-executive director picked up 4,000 shares.

Read more
7 Aug 2023 09:14

LONDON BROKER RATINGS: JPMorgan lifts Rolls-Royce; RBC cuts Unite

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

Read more
4 Aug 2023 17:26

Two measures of global corporate health flash red

LONDON, Aug 4 (Reuters) - Two measures of corporate and economic health were flashing red on Friday as shipping group Maersk reported a fall in global demand for sea containers and advertising giant WPP said clients in the U.S. tech sector were slashing their marketing spend.

Read more
4 Aug 2023 17:21

European stocks end higher but mark first weekly loss in four

STOXX 600 posts first weekly loss in four

*

Read more
4 Aug 2023 17:06

UK's FTSE 100 boosted by energy stocks but logs weekly decline

WPP slides after FY guidance cut

*

Read more
4 Aug 2023 16:49

LONDON MARKET CLOSE: Stocks end in the green after difficult week

(Alliance News) - Stocks in London ended on a positive note on Friday, following a tumultuous couple of days following a US credit rating cut and another interest rate hike from the Bank of England.

Read more
4 Aug 2023 12:04

LONDON MARKET MIDDAY: WPP shares slide; eyes on US nonfarms

(Alliance News) - Stock prices in London were mixed at midday Friday, though equity markets showed sighs of stability after a rocky week, ahead of a key US jobs report in the afternoon.

Read more
4 Aug 2023 11:36

Two measures of corporate health flash red

LONDON, Aug 4 (Reuters) - Two measures of corporate and economic health were flashing red on Friday as shipping group Maersk reported a fall in global demand for sea containers and advertising giant WPP said clients in the U.S. tech sector were slashing their marketing spend.

Read more
4 Aug 2023 08:52

LONDON MARKET OPEN: WPP lowers outlook; Capita swings to loss

(Alliance News) - The FTSE 100 inched slightly higher on Friday, as investors nervously look ahead to the US nonfarm payrolls report at 1330 BST.

Read more
4 Aug 2023 08:14

TOP NEWS: WPP cuts outlook as US tech customers keep lid on spending

(Alliance News) - WPP PLC on Friday cut its yearly guidance, as the advertising company's second-quarter was hurt by weaker spend in its US technology clients.

Read more

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