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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: 804.20
Bid: 804.40
Ask: 804.80
Change: -2.80 (-0.35%)
Spread: 0.40 (0.05%)
Open: 805.40
High: 808.80
Low: 800.40
Prev. Close: 807.00
WPP Live PriceLast checked at -

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WPP reiterates guidance, says Kantar sale progressing as expected

Wed, 12th Jun 2019 12:16

(Sharecast News) - WPP reiterated its financial guidance for 2019 and for the medium-term and told investors that the sale of a majority stake in its Kantar unit was progressing in line with the company's expectations.Speaking at the group's annual general meeting on Wednesday, after a year of "significant change" for the group, chairman Roberto Quarta said that under the leadership of its new chief executive, Mark Read, the team had moved "rapidly and decisively" to implement its new strategy and to position it for "future success".Read joined the FTSE 100-listed advertising and public relations company last April, after longtime CEO Martin Sorrell left WPP following allegations of personal misconduct and the misuse of company assets"We have been pleased by how well the plan has been received among investors, clients and partners. Critically, there is also strong backing for the company's direction and leadership among our own people," said Quarta.Looking forward, WPP kept its 2019 guidance unchanged, with like-for-like revenue less pass-through costs set to drop 1.5% to 2.0% amid stronger headwinds in the first half as a result of client assignment losses in the latter part of 2018.WPP also expected headline operating margin-to-revenue less pass-through costs to be down around a single margin point on a constant currency basis, excluding the impact of IFRS 16.By the end of 2021, WPP hopes to achieve organic growth in line with its peers, a headline operating margin of at least 15% and free cash flow conversion of 80-90%.Discussing the group's transformation, Read said: "In December we set out our vision for the future of WPP, and we continue to make progress in delivering our plan to return the company to sustainable growth over the next three years. Our financial guidance for the full year is unchanged."As of 1240 BST, WPP shares had ticked up 0.05% to 1,003.50p.
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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.

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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.

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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:

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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.

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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".

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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.

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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:

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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.

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4 Aug 2023 17:21

European stocks end higher but mark first weekly loss in four

STOXX 600 posts first weekly loss in four

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4 Aug 2023 17:06

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

WPP slides after FY guidance cut

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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.

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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.

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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.

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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.

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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.

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