Company
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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In a note, the German bank said that if there was “any indication” that operations were less bad than the market was currently expecting, then the positive reaction could be “more substantial”
Struggles in a number of different sectors present takeover opportunities for private equity firms this year but investments in UK stocks are risky given the uncertainty surrounding Brexit
Rose, who prior to joining Microsoft oversaw the expansion of retail stores at mobile operator Vodafone, would join the board on 1 April
WPP posted a 30.6% drop in full-year profit on revenue down 1.3% amid tough competition in the advertising sector and weaker business confidence
Footsie closed the day 32 points up, or 0.45% at 7,106
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Fridays are normally quiet affairs in the City, but not this week…
Investments and investor services
The UK blue-chip index finished around five points ahead at 7,183
"The restructuring of our business will enable increased investment in creativity, technology and talent, enhancing our capabilities in the categories with the greatest potential for future growth,” chief executive Mark Read said
The jobs and earnings data has lit a fire under the Footsie. Trade talks between the US and China have also aided sentiment
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Rather than uncertainty surrounding a Brexit deal on Tuesday, the Prime Minister appears to have thrown a new spanner in the works by delaying the vote
Investments and investor services
“The peanut has now morphed into a coconut, and is growing and ripening,” Martin Sorrell said of S4 - the company he set up after leaving WPP earlier this year
Investments and investor services
The potential acquisition follows news last month that S4 had poached a former member of WPP’s media investment management arm GroupM to head up its APAC operations
Investments and investor services
He joins from WPP's media investment management division GroupM, where he led the expansion of the [m]PLATFORM advanced media technology suite as APAC President from 2016-2018, before taking on the role of Global Chief Growth Officer at Per
Analysts said the “real problem” for advertising agencies was their over-exposure to activities that they classed as having “declining strategic importance”
Allan Rich had been with the company since it was founded but is stepping down and being replaced by Chris Jones
Liberum's analysts noted that WPP’s post-update conference call highlighted that the company’s recovery is not likely to come soon with 2019 set to be a difficult year
Some of the main news-driven risers and fallers in London on Thursday …
The FTSE 100-listed firm saw its underlying net sales less pass-through costs fall by 1.5% in the third quarter, compared with a 0.7% rise in the previous three months
At the close, the UK blue chip index was 41.12 points higher at 7,004.10, the session peak, and well above the early low of 6,995.99
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The day ahead includes third quarter trading updates from Lloyds and WPP along with full year results from Debenhams and the ECB's policy decision.
