WPP / WPP lowers growth forecast as US tech firms cut spending

WPP, one of the world's biggest advertising groups, delivered its second profit warning of the year after activity in China stuttered and companies in more_horizontal

WPP PLC (LSE:WPP) has again warned that full-year revenue and profit margins will be lower than expected, as advertising spending fell in North Americ more_horizontal

Four people linked to WPP-owned media agency GroupM have been questioned by authorities in Shanghai, according to two people with knowledge of the mat more_horizontal

WPP shares have dropped by a third since March, not helped by problems afflicting S4, the vehicle set up by Martin Sorrell the ad group's founder and more_horizontal

WPP Group's financial performance has been weak, with lower revenue and margins over the past five years. The company's 2Q results were dismal due to more_horizontal

S4 Capital PLC (LSE:SFOR)'s stock plummeted by 25% on Monday after the company downgraded its full-year 2023 organic growth expectations, sparking con more_horizontal

WPP PLC (NYSE:WPP ) Q2 2023 Earnings Conference Call August 4, 2023 4:30 AM ET Company Participants Mark Read - Chief Executive Officer Joanne Wilson more_horizontal

Falling tech spending in the USA prompted the FTSE 100 firm to cut its like-for-like sales estimates for 2023. more_horizontal