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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)

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*
Main U.S. equity flutter near unchanged, Nasdaq slightly lower

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17 Apr 2023 15:15

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*
Main U.S. equity indexes around flat

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17 Apr 2023 14:25

Wedbush believes India is Apple's next market to conquer

*
Major U.S. equity index futures mixed, little changed

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Greener pastures ahead for Europe's ESG

*
Major U.S. equity index futures mixed, little changed

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13 Apr 2023 09:48

LONDON BROKER RATINGS: HSBC lifts housebuilders; Peel cuts Britvic

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

Read more
13 Apr 2023 07:56

LONDON BRIEFING: UK GDP flat; Tesco annual profit halves

(Alliance News) - Stocks in London are set for a tepid open, as investors weighed yesterday's US inflation print and warnings of an impending recession in the world's largest economy from the Federal Reserve.

Read more
12 Apr 2023 12:25

Citi says WPP shares 'overly cheap', stays at 'buy'

(Sharecast News) - Analysts at Citi reiterated their 'buy' recommendation for shares of WPP, citing the easier comparables that the advertising group was facing for throughout the year.

Read more
11 Apr 2023 11:16

KKR buys stake in communications company FGS Global

(Sharecast News) - US private equity firm KKR has agreed to invest in financial PR firm FGS Global, in which advertising giant WPP is a majority shareholder.

Read more
11 Apr 2023 11:10

KKR to take stake in WPP's majority-owned communications consultancy

(Alliance News) - WPP PLC on Tuesday said that global investment firm KKR & Co has made a growth investment in FGS Global.

Read more
5 Apr 2023 09:29

LONDON BROKER RATINGS: Citigroup raises Direct Line to 'buy'

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

Read more
29 Mar 2023 09:28

LONDON BROKER RATINGS: Barclays cuts Smith & Nephew; UBS likes Spirent

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

Read more
29 Mar 2023 09:04

LONDON MARKET OPEN: Trading timid; Next falls as profit to decline

(Alliance News) - Stock prices in London opened higher on Wednesday, though trading remaining cautious following the recent turbulence in the banking sector.

Read more
27 Mar 2023 15:33

WPP buys social influencer marketing agency Obviously

(Sharecast News) - Advertising giant WPP has announced the acquisition of New York-based technology-led social influencer marketing agency Obvsiously.

Read more
27 Mar 2023 15:24

WPP acquires social influencer marketing agency Obviously

(Alliance news) - WPP PLC on Tuesday said it has acquired Obviously, a technology-led social influencer marketing agency based in New York, and with operations in San Francisco and Paris.

Read more
22 Mar 2023 13:49

WPP confirms April 19 start for CFO designate Joanne Wilson

(Alliance News) - WPP PLC on Wednesday said that incoming finance chief Joanne Wilson will become chief financial officer designate on April 19.

Read more

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