Shares in WPP PLC (LSE:WPP) slipped to their lowest since the financial crisis after the advertising group confirmed a weak first-half performance, marked by falling revenues, declining margins, and a halved dividend, reinforcing investor concerns after being largely flagged in advance. The FTSE 100-listed company reported like-for-like net sales falling 4.3% in the first half, including a 5.8%...
WPP PLC (LSE:WPP) reported a sharp fall in profits and cut its interim dividend by half, as the advertising group's interims were in line with its recent trading update. Facing pressure from weaker client spending and slower new business activity, revenue for the first six months of 2025 fell 7.8% on a reported basis to £6.66 billion, while revenue less pass-through costs declined 4.3% on a lik...
The advertising group said revenue less pass-through costs fell 5.8% on a like-for-like basis, the steepest quarterly fall since the pandemic-era declines of 2020.
WPP PLC (LSE:WPP) shares bounced 1.7% to 436p on Thursday after the advertising giant appointed a new CEO, a day after issuing a profit warning. The FTSE 100 group, which had seen its shares plummet 19% the previous day, helped limit further losses by announcing a new chief executive, Cindy Rose, who brings decades of experience from Microsoft, Disney and Vodafone.
Britain's WPP named board member Cindy Rose as its new chief executive on Thursday, tasking the senior Microsoft executive with leading its recovery a day after a major profit warning showed the scale of the challenge at the ad group.
U.S.-listed shares of WPP (WPP) made a slight comeback from yesterday's big selloff when the advertising giant chose Microsoft (MSFT) executive Cindy Rose to be its new CEO, as the firm moves to deal with the rising use of artificial intelligence in the industry.
Britain's WPP named board member Cindy Rose as the advertising group's new chief executive on Thursday, tasking the senior Microsoft executive with leading its recovery after she succeeds Mark Read on September 1.
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