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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
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%

*

Read more
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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