Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWPP Share News (WPP)

Share Price Information for WPP (WPP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 812.60
Bid: 814.00
Ask: 814.40
Change: 0.00 (0.00%)
Spread: 0.40 (0.049%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 812.60
WPP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE: WPP Keeps 2010 Revenue Goal; Ad Improvement Continues

Tue, 29th Jun 2010 13:38

By Ruth Bender Of DOW JONES NEWSWIRES PARIS (Dow Jones)--WPP PLC (WPP.LN), the world's largest advertising company by revenue, said Tuesday it still expects to post around 2% organic revenue growth this year as advertising markets continue to improve. In a statement, coinciding with the group's annual general meeting in Dublin, WPP said organic revenue grew 2% in the first five months of the year, on a strong rebound in U.S. advertising spending and growth in Asia. In the U.S., organic revenue growth--a closely watched metric in the ad industry that strips out acquisitions, disposals and currency movements--was up "well over 5%" in the first five months and over 7% in April and May, WPP said. The U.K. has also improved since January, posting organic revenue growth of over 4% in both April and May, the group said. Continental Europe, however, remained flat in the first five months, with revenue in Western European markets still down slightly in the first five months as markets such as France and the Netherlands remain tough. In Asia though, growth is booming, with organic revenue in mainland China up over 7%, and in India almost 12%. WPP said it expects these improvements to continue, helped also by big global events such as the soccer World Cup and the Shanghai expo. The trading update follows a recent series of upbeat comments from advertising executives and market forecasters. Last Thursday, WPP's GroupM raised its forecast for global advertising spending to 3.5% from its previous forecast of 1%. WPP Chief Executive Martin Sorrell also told Dow Jones Newswires last week that the group's 2% organic revenue target was "probably on the conservative side." Still, the group said it remains cautious amid fears in Europe of contagion from Greece, Portugal and Spain and fears of more austerity plans or fiscal stimulus withdrawal. Worries about growth in the U.S. later in the year are another reason to stay cautious, the group said. "It has been a pretty bumpy ride - and it is not over yet. Nor, in one sense, will it ever be over," WPP said, adding that the group will continue to focus on improving profitability now that revenue is back to growth, as well as winning new business. At 1200 GMT, WPP shares were trading down 1.5% at 647 pence, in an overall higher London market. -By Ruth Bender, Dow Jones Newswires; +33 1 40 17 17 54; ruth.bender@dowjones.com (END) Dow Jones Newswires June 29, 2010 08:38 ET (12:38 GMT)
More News
20 Sep 2023 07:55

LONDON BRIEFING: Stocks to rise, pound falls as UK inflation eases

(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.

Read more
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

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.