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WPP / WPP says clients are 'continuing to spend' but growth slows

WPP says clients are 'continuing to spend' but growth slows
WPP PLC (LSE:WPP) shares fell on Thursday as the advertising giant reported slower growth in the first quarter, although client companies "continued spending" in communications, customer experience, commerce, data and technology despite recession worries in several major economies.  On a like-for-like (LFL) basis growth was 4.9% for the first three months of 2023 compared to the same period last year. Read More
Posted: Apr 27 2023, 04:08
Author Name: Proactive Investors
Views: 110576

WPP News  

WPP issues second profit warning of 2023 as tech sector trims ad spending

By Market Watch
October 26, 2023

WPP issues second profit warning of 2023 as tech sector trims ad 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 issues profit warning as US tech clients become more cautuious

By Proactive Investors
October 26, 2023

WPP issues profit warning as US tech clients become more cautuious

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

Current and ex-employees at WPP-owned media agency detained in China - sources

By Reuters
October 21, 2023

Current and ex-employees at WPP-owned media agency detained in China - sources

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

Can ad group WPP arrest its slump?

By Proactive Investors
October 20, 2023

Can ad group WPP arrest its slump?

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: Recent Performance Reflects Slower Growth And Challenges Ahead

By Seeking Alpha
September 21, 2023

WPP Group: Recent Performance Reflects Slower Growth And Challenges Ahead

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

WPP likely insulated from the problems affecting S4

By Proactive Investors
September 20, 2023

WPP likely insulated from the problems affecting S4

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 (WPP) Q2 2023 Earnings Call Transcript

By Seeking Alpha
August 4, 2023

WPP PLC (WPP) Q2 2023 Earnings Call Transcript

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

WPP Slashes Sales Forecasts As North American Tech Firms Cut Spending

By Forbes
August 4, 2023

WPP Slashes Sales Forecasts As North American Tech Firms Cut Spending

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


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