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WPP launches $1.1bn buyback after 'outstanding' year

LONDON, Feb 24 : WPP, the world’s largest advertising group, announced an £800 million ($1.1 billion) share buyback for 2022 after it said an “outstanding” year had enabled it to meet recently upgraded forecasts for 2021 net sales. The group said its main net sales metric — like-for-like revenue less pass-through costs — had risen by 12.1 percent in 2021. It forecast around 5
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WPP slumps to an annual loss of over £2bn

The group unveiled £3.1billion worth of impairment charges, including £2.8billion worth of goodwill associated with previous acquisitions. WPP said it will be re-launching its share buyback scheme immediately after a shift to online operations helped it wade through the worst points of the pandemic.   Hes in charge: Mark Read is the boss of WPP, which posted an annual loss today WPP helped Ford launch new online platforms when they could not open showrooms and worked with a string of other ...
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Ad group WPP targets return to 2019 net sales by 2022 | Money

Thursday, 17 Dec 2020 03:39 PM MYT Mark Read, CEO of WPP, the worlds biggest advertising and marketing company, at the companys offices in London, Britain July 17, 2019. — Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. LONDON, Dec 17 — WPP, the worlds biggest advertising company, expects to return to its 2019 level of net sales by 2022 after the pandemic accelerated its strategy switch to providing more digital services for clients. The Britis...
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Breakingviews - Corona Capital: Private jet deal

9 Min Read MILAN/NEW YORK/LONDON/HONG KONG (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid LATEST - Private jets set HIGH-FLYERS. Private equity firm Blackstone is betting that plutocrat...
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