WPP acquires agency specialising in artificial intelligence
Combining machine learning and optimisation, Satalia builds technologies "that help clients transform their business strategies and radically improve operational efficiency"
Company
WPP PLC
LON:WPP
WPP is one of the world's largest communications services groups. We are made up of leading companies in: Advertising; Media Investment Management; Information, Insight & Consultancy; Public Relations & Public Affairs; Branding & Identity; Healthcare Communications;Direct, Promotion & Relationship Marketing; Specialist Communications
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WPP hikes dividend and lauches buybacks as ad industry growth returns faster than expected
GroupM division now forecasts the global advertising industry will grow 19% this year, having shrunk 6% in 2020
WPP upgraded by Credit Suisse on ad market recovery, but S4 Capital is better bet
Structural concerns could take a back seat for some time as government stimulus and recovery in some pandemic-impacted sectors such as travel, telecom, media & entertainment and retail kick in, the analysts said
WPP enjoys strong start to year, says corporate marketing spend shows resilience
New marketing assignments from Absolut, JP Morgan Chase and Salesforce contributed to US$1.3bn of net new business won in the first quarter
WPP reveals £3.1bn of impairments as it dives into the red
The impairment charge, which included a £2.8bn of goodwill associated with previous acquisitions, is a non-cash item. Meanwhile, net debt was reduced to a 16-year low
WPP sees 2022 as restart of growth for ad group
Earnings are forecast to rise by double-digits over the next three years.
WPP makes offer to buy rest of Down Under arm
The price offered for the business is a premium of just over a third to Friday’s closing price
WPP sales decline improves, though not in China
The marketing giant said it expected to be towards the upper end of its £700-800mln cost reduction target for the year
Is WPP a buy? Not according to one leading bank
The advertising and marketing giant did, however, show its resilience after posting better than expected second-quarter results
WPP restarts dividend on assumption worst of the economic turmoil is over
Impairments meant a £2.6bn loss in the first half of the year
Goldman Sachs upgrades WPP to ‘buy’ from ‘neutral’ after highlighting client wins in May
The ad agency was at the top of the sector league table in May, and in the year-to-date, with wins of 0.1% and 0.9% worth of 2019 revenues, respectively, the US bank's analysts said
Advertising industry set for V-shaped recovery to boost WPP and ITV, say Citi analysts
There is scope for a “mildly less severe downturn” than the market fears in the short term, the Citi analysts reckon, with a pick-up in revenue into the back half of the year
WPP revenue drops by 10% in March as coronavirus pandemic affects all areas
WPP has already suspended its 2019 dividend and share buyback programme.
WPP shelves buyback and dividend as ad cancellations stack up
The marketing conglomerate said “activity has begun to decline” and it has “less certainty over our future pipeline”
WPP whipped as transformation fails to prevent year-end slump
Revenues were up 1.4% on the previous year, but this was mostly from currency swings, while underlying profits fell 5.3%
WPP maintains expectations of full-year decline despite returning to growth in Q3
The media giant is still expecting LFL revenues to decline between 1.5-2% this year as it continues efforts to streamline its business model
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FTSE 100 closes slightly in red as Brexit uncertainty rumbles on
The Footsie closed the day down 3.78 points at 7,324.47. But over the week as a whole, the UK's top share index went higher, adding around 2.4%
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WPP expectations low after rival's warning; Barclays to deliver Q3 update
The media giant has had a tough time recently, reporting a 44% plunge in first-half profits this year, while its shares have dropped around 50% since 2017
Sainsbury's loses Argos boss to WPP
WPP says Rogers will help to "foster investment in creativity, technology, and talent" as the ailing advertiser kick-starts growth
WPP revenues return to growth in second quarter but profits slammed by one-offs
The second-quarter performance from the advertising group was “slightly ahead” of board expectations