WPP's price target cut by Credit Suisse after "a string of account losses"
Credit Suisse reckons the cost of restructuring initiatives is already built into the share price
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 said to be in advanced talks to buy FT's London HQ for £93mln
The FT is due to vacate the building at One Southwark Bridge next year to return to its previous offices at Braken House near St Paul’s Cathedral
WPP loses lead-creative role at Ford Motor Company
Omnicom's BBDO will take over as Ford's main ad agency
Investments and investor services
FTSE 100 closes firmly lower as trade fears, bond yields and sterling rise creates perfect storm
The Footsie closed down nearly 92 points at 7,418, while the other major European benchmarks were also lower.
Investments and investor services
DFS Furniture set to release full year results, have investors already heard the worst?
DFS and Electrocomponents are set to be among Thursday's highlights.
Archive
Jack’s store roll-out in focus as Tesco reports first half results
The week ahead includes Tesco interims, full-year earnings from DFS Furniture and Ferguson, an Electrocomponents trading update and the US non-farm payrolls report
FTSE 100 closes in red and at four month-low amid trade worries
The pound added 0.03% against the Euro and was up 0.40% against the US dollar..
WPP drops on margin worries after modest rise in first-half revenue; new boss to set out strategy by year-end
The advertising giant said it now expected growth in full-year net sales to come in at a similar level to the first half, ahead of its previous prediction of no growth at all
FTSE 100 closes in red as BoE governor Carney could stay on and WPP plunges
Economists at ING said the August manufacturing data suggests “US business is weathering the protectionist storm for now"
Stick your bonus up your cars! BCA Marketplace boss slammed over £29mln pay-out
Executive pay is back in the headlines, and this time it is BCA Marketplace boss Avril Palmer-Baunack who could come under fire at a shareholder vote later this week
Archive
WPP reports half-year results in wake of chief executive appointment
The day ahead includes interims from WPP, full year earnings from Redrow and a trading update from DS Smith
WPP appoints Mark Read as CEO with immediate effect, filling void left by Martin Sorrell’s departure
The advertising giant – which regularly faced criticism over Sorrel’s pay package as CEO - said Read will be paid an annual salary of £975,000 and an annual bonus of up to 250% of salary
WPP expected to name current joint chief operating officer Mark Read as CEO to replace exited founder Sorrell
Read has been seen as the leading internal candidate, having stepped up to become WPP’s joint COO – together with Andrew Scott - in April after Sorrell quit the advertising giant he founded after 33 years in charge
Lloyds Banking and BT Group among the big names on the Investment Association's naughty step
For FTSE 100 companies, there was an increase in shareholder rebellions against directors' pay. For FTSE 250, the beef was more to do with directors that many shareholders did not want being re-elected
Investments and investor services
FTSE 100 closes deep in red as Turkey/US worries escalate
Footsie closed down 1.49%, or around 114 points, at 7,497 on the day
WPP could sell minority stake in Chinese unit to two of the country’s biggest conglomerates, Alibaba and Tencent
Sky News said the two firms, along with China Media Capital Holdings, were in early-stage discussions about buying roughly 20% of WPP China in a deal that would value the business between US$2bn and US$2.5bn
Archive
FTSE 100 starts week by ending lower as geopolitical woes hit sentiment...again
In London, FTSE 100 shed 23 points to 7,655, while FTSE 250 shed over 155 points at 20,770
Investments and investor services
FTSE 100 closes marginally higher but European peers and US stocks lag
Footsie closed up around seven points, or 0.10% at 7,683 on Thursday
Sorrell wins €300mln bidding war with ex-employer WPP for MediaMonks
When Sorrell left back in April, it wasn’t thought he would be competing with WPP, although that now looks to not be the case
WPP warns Martin Sorrell against launching rival bid for Dutch firm MediaMonks
The ad giant has written to its ex-boss’ lawyers, claiming he will likely breach his confidentiality agreements if he pursues a rival £180mln takeover offer for MediaMonks