Stock falls 18%, wiping close on £1 billion off market cap Revenue and net profit have plunged over the past decade CEO Mark Read had already announced year-end departure Investors might reasonably wonder what WPP (WPP) is anymore. It used to be a global advertising operation with whom large consumer businesses would spend hundreds of millions a year pushing their various products, services...

Stocks in London closed lower on Wednesday, giving up earlier gains, though defence shares rose after NATO members pledged to boost military spending. The FTSE 100 index closed down 40.24 points, 0.5%, at 8,718.75. It had earlier traded as high as 8,792.43. The FTSE 250 ended 28.16 points lower, 0.1%, at 21,298.04, and the AIM All-Share fell 2.09 points, 0.3%, at 760.45. The Cboe UK 100 closed...

The CEO of WPP (WPP), Mark Read, announced his retirement from the advertising giant after seven years at the helm on 9 June. Read will be staying on at the communications company until the end of year until a successor is found to ensure a 'smooth transition' according to WPP chair Philip Jansen. Under his tenure as CEO the company's share price has halved taking its market capitalisation to...

Stocks closed mostly higher on Monday in London, following a wave of mergers & acquisitions activity which saw Spectris and Alphawave's stock prices surging. The FTSE 100 index fell 5.63 points, 0.1%, at 8,832.28. The FTSE 250 ended up 128.63 points, 0.6%, at 21,285.91, and the AIM All-Share climbed 7.01 points, 0.9%, at 763.89. The Cboe UK 100 ended flat at 878.81 on Monday, the Cboe UK 250...

Read took over from Sir Martin Sorrell in 2018 Read will stay on until the end of 2025 Shares down 33% year-to-date Shares in WPP (WPP) were down over 2% in early morning trading after the advertising giant's CEO Mark Read said he was stepping down in his role at the end of 2025. > More detailed chart The announcement comes as no surprise to investors due to the communications giant's weak...

Global macro conditions 'challenging' Shares down 19% year-to-date New wins from GM, Amazon, T-Mobile Shares in S4 Capital (SFOR) gained over 3% to 26p in morning trading despite the digital advertising agency reducing its forecast for full-year like-for like net revenue growth from flat to a low single-digit decline. The agency headed up former WPP (WPP) boss Sir Martin Sorrell attributed the...

Q1 revenue down 5% Tariffs to impact client spending Performance to improve in second half Communications giant WPP (WPP) reported a worse-than-feared 5% drop in first-quarter revenue and warned that macroeconomic challenges and the timing of new business will impact the group's second quarter performance. CEO Mark Read conceded his charge is currently navigating a 'challenging' economic...

Final dividend of 1p per shareAI driving new businessShares up 13% this yearShares in S4 Capital (SFOR) gained over 12% to 37p in morning trading as the digital media group promised its first ever dividend, although it cautioned uncertain macroeconomic conditions and client caution remained.The company headed up by former WPP (WPP) boss Sir Martin Sorrell reported full-year 2024 results in...

Shares fall as much as 17%Fourth-quarter sales disappointCompany warns of 'headwinds'Shares in WPP (WPP) fell over 17% to 637p at one point in early morning trading as the advertising giant shared a gloomy outlook and reported lower full year 2024 revenue of £14.74 billion compared to £14.84 billion last year.The advertising giant founded by industry legend Sir Martin Sorrell saw a fall in...

London's blue chip index was up milder than its peers in Paris and Frankfurt at Monday midday, as UK service sector growth for December was softer than anticipated.As well as Monday's composite and services PMI readings, the first full trading week of 2025 has various jobs data releases from the US culminating in Friday's nonfarm payrolls.More than half of UK companies plan to raise prices by...

European stocks opened in the green at the start of the week, boosted by an announcement from China's top leadership which aims to aid the Asian nation's shaky economy.The FTSE 100 index traded up 26.17 points, 0.3%, at 8,334.78. The FTSE 250 was up 36.75 points, 0.2%, at 21,095.75, and the AIM All-Share was up 2.55 points, 0.4%, at 740.77.The Cboe UK 100 was 0.4% higher at 837.24, the Cboe UK...

First-half operating profit down 3% to £646 millionOffloads communications firm for £611 millionInterim dividend per share unchanged at 15.0pShares in WPP (WPP) were down over 2% to 700p in morning trading as the advertising giant reported disappointing interim results and lowered full year like-for-like guidance reflecting macro pressures and weakness in China.The advertising giant reported...

Stock prices in London were in the green on Wednesday morning amid news that UK house prices climbed in the month of July, with shares of housebuilders enjoying a boost.The FTSE 100 index opened up 74.16 points, 0.9%, at 8,100.85. The FTSE 250 was up 148.10 points, 0.7%, at 20,515.80, and the AIM All-Share was up 3.24 points, 0.4%, at 762.91.The Cboe UK 100 was up 1.1% at 808.82, the Cboe UK...

It was a generally positive Thursday for London and European stocks, as markets reacted to the latest European Central Bank and US Federal Reserve meetings.The FTSE 100 index closed up 21.98 points, 0.3%, at 7,684.49. The FTSE 250 ended up 144.53 points, 0.8%, at 19,263.50, and the AIM All-Share closed down 0.06 of a point at 749.96.The Cboe UK 100 ended up 0.3% at 769.77, the Cboe UK 250...

When Martin Sorrell completed his acrimonious exit in 2018 from the business he had built up over decades he had a point to prove.His S4 Capital (SFOR) vehicle was supposed to leave his former charge in the shade by adopting a similar buy-and-build model to that employed at WPP (WPP).The latter started life as wire shopping-basket manufacturer Wire and Plastic Products before Sorrell and...

£250 million investment into data and technologyTargeting a further £175 million gross savingsShares up 5% year-to-dateShares in WPP (WPP) were up nearly 3% to 802p in morning trading as the advertising giant upgraded its medium-term targets due to cost cutting and structural savings. The structural savings - announced at a capital markets day in London - will deliver annualised net cost...

The completion of YouGov?s (YOU:AIM) ?315 million purchase of the consumer panel services of GfK (9 January) is a potential gamechanger for the business.Analysts at Berenberg estimate the deal - which was first announced in July 2023 - will contribute £60 million of revenue and £12 million of adjusted EBIT (earnings before interest and tax) in the remainder of the current financial year...

London?s FTSE 100 made a tepid start to 2024, with underwhelming manufacturing data from the UK and eurozone doing little to lift sentiment.Equities in New York are called to open lower ahead of a key week for the US interest rate outlook. The latest Federal Reserve meeting minutes are released on Wednesday, before the official US jobs report on Friday.The FTSE 100 index was down 29.34 points,...

Tentative signs of sustainable margin improvement and market share gains, combined with the tailwind provided by continued recovery in elective procedures, should provide medical products company Smith & Nephew (SN.) with positive momentum heading into 2024.The shares are trading close to 10-year lows, and from a valuation perspective have rarely offered better value relative to the UK market...

AdobeIt may look like odd timing to back Adobe (ADBE:NASDAQ) just after lukewarm guidance, but we think this is a great opportunity.The creative digital software firm called for fiscal 2024 earnings per share of $17.60 to $18 on $21.3 billion to $21.5 billion revenue, a little light compared with the consensus of $18 and $21.7 billion revenue respectively.The shares plunged 7%, which seemed...