Amazon Aside, a Grim Stock Market Bellwether Is Flashing Red for U.S. Tech.
Results from advertising behemoth WPP reveal a slowdown in spending from clients in the U.S. technology sector. It could be an early sign.
Source: marketwatch.com
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WPP cuts revenue forecast as US tech spending slows
World’s biggest advertising agency lowers annual guidance after technology companies reduce marketing spend
Source: irishtimes.com
WPP profits tumble 51 per cent as ad giant shifts focus to AI plans
WPP, the world’s biggest advertising firm reported a "resilient" performance in the first half of the year despite plunging profits
Source: cityam.com
WPP revenue rise by 6.9% in H1 2023
The company says, India's growth in Q2 2023 has been strong (48%) as compared to Q2 2022.
Source: afaqs.com
WPP CEO says advertisers taking a 'wait and see' stance on Elon Musk's X rebrand
Mark Read, CEO of the world’s largest ad group WPP, said the Twitter re-branding ‘took people a little bit by surprise’
Source: theglobeandmail.com
WPP 'taken By Surprise' As Ad Spend Stalls, But Are Industry Analysts?
WPP has cut its revenue predictions for 2023 as the tech spending slowdown in the US hit its creative agencies. Analysts break down the results.
Source: thedrum.com
WPP slips after cutting outlook as tech firms curb spending
WPP PLC (LSE:WPP) shares tumbled 7.3% to 785.80p after it lowered its full-year outlook due to reduced spending by US firms as it reported profit halved in...
Source: proactiveinvestors.co.uk
WPP's CEO on 'Disappointing' New Business, Utilizing AI and Platforms
With this year's reduction in global marketing spend having impacted WPP's financial performance during the first half of the year, WPP chief executive Mark…
Source: biztoc.com
PR News | Tech Slump Hits WPP - Fri., Aug. 4, 2023
WPP CEO Mark Read slashed the firms 2023 growth forecast.
Source: odwyerpr.com
FTSE 100 Live: Amazon lifts Nasdaq pulling London into the green
FTSE 100 back in the green, up 30 points at 7,559 WPP cuts outlook on lower spend by US tech firms US stocks motor ahead, Amazon lifts Nasdaq 3.52pm: Tern...
Source: proactiveinvestors.co.uk