WPP Pretax Profit Falls on Impairments-- Update
By Najat Kantouar WPP reported a fall in pretax profit for 2023 after booking a large impairment, but said that its AI-powered platform WPP Open is rapidly...
Source: marketwatch.com
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WPP 2023 Rev GBP14.845B
By Najat Kantouar WPP said pretax profit fell last year, hurt by impairments, although revenue rose. The London-based advertising group said Thursday that...
Source: marketwatch.com
WPP Raises Medium-Term Guidance, Backs Full-Year Expectations
By Najat Kantouar and Joe Hoppe WPP PLC hiked its medium-term operating profit margin guidance and said it expects full-year results to meet its...
Source: marketwatch.com
WPP Agencies Hill & Knowlton and BCW to Merge
By Ian Walker WPP PLC is merging its two largest communications agencies, Hill & Knowlton and BCW, to form Burso with more than 6,000 employees in 43...
Source: marketwatch.com
Elon Musk's F-Bombs Make Linda Yaccarino's Job at X Even Harder
Musk’s outburst against advertisers is ‘a line in the sand that can’t be undrawn,’ one ad-industry insider says
Linda Yaccarino Craig Atkinson Elon Musk Advertising Services Advertising Marketing Public Relations Business Consumer Services
Source: wsj.com
'Disappointed Again': Ad Companies Suffer as Tech Firms Clip Spending
A deep retrenchment in the tech sector again reverberated through the ad industry’s quarterly results
Interpublic Group Omnicom Group Meta Platforms Publicis Groupe Advertising Services Advertising Marketing Public Relations
Source: wsj.com
WPP 3Q Rev GBP3.51B
By Ian Walker Advertising giant WPP PLC has cut its full-year guidance for the second time in a row after reporting lower third-quarter net sales as falls in...
Source: marketwatch.com
WPP Fires Employee Detained in China, Launches Investigation Into Bribery Charges
Advertising giant said GroupM unit is suspending trade with any organization part of the police inquiries
Wall Street Journal Advertising Services Advertising Marketing Public Relations Business Consumer Services Marketing Services Asia Pacific
Source: wsj.com
China Raids Offices of WPP Unit GroupM, Detains Executive
Shanghai raid comes as China takes an increasingly tough stance on foreign businesses
Source: wsj.com
WPP 1H EPS 33.1p
By Elena Vardon WPP cut its growth guidance for the year on Friday as it reported a fall in its pretax profit for the first half as activity in its biggest...
Source: marketwatch.com