WPP returns to quarterly growth but sees tougher quarter ahead
- Advertising conglomerate WPP PLC (LSE:WPP) returned to growth in the past quarter with better revenues than expected, thanks to new wins with the likes of Amazon, Starbucks and Unilever. The FTSE 100-listed marketing group, which owns agencies including GroupM, Ogilvy, Mindshare and Finsbury, reported revenue less pass-through costs of £2.9 billion for the third quarter, up 0.5% on a like-for-like basis.
- 10/23/2024
|
Ad group WPP posts 0.5% rise in Q3 organic revenue
- British ad group WPP reported a better-than-expected 0.5% rise in like-for-like organic revenue in the third quarter, with growth in North America, western continental Europe and India partly offset by continued tough trading in China.
- 10/23/2024
|
Advertising giant WPP's fortunes not as bad suggested, says Shore Cap
- Shore Capital Markets has reiterated its buy rating on WPP PLC (LSE:WPP) ahead of the advertising giant's upcoming third-quarter trading update on 23 October. Analysts suggested that investors will be looking for reassurance following WPP's interim results, which saw the company reduce its full-year revenue guidance from flat to slightly less than flat.
- 10/18/2024
|
Should Value Investors Buy WPP (WPP) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 10/17/2024
|
WPP plc: Best Sector Value After FGS Global Sale Creates Precedent
- WPP plc stock is undervalued compared to peers, despite challenges leading to downgraded growth from high APAC exposure. The company's cost savings plan is coming in nicely apparently and could continue lifting figures a little bit to fight topline pressures which may be a bit protracted. The partial sale of FGS Global to KKR puts a high value on the PR business, which puts a low value on its residual advertising businesses compared to peers.
- 10/16/2024
|
WPP's risk/reward worth a look ahead of results - analyst
- Citi has given WPP PLC (LSE:WPP) some marginal downgrades due to foreign exchange headwinds and the FGS disposal, but the advertising big cap's risk/reward profile still “tilts positively”, said analysts. Although macroeconomic concerns (i.e.
- 10/10/2024
|
Are Investors Undervaluing WPP (WPP) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 10/01/2024
|
WPP jumps after winning business in Unilever's ad agency review
- Shares in WPP PLC (LSE:WPP) topped the FTSE 100 leaderboard on Tuesday, climbing 2.3% in early trading, after major client Unilever concluded its global media review. The maker of Marmite, PG Tips, Domestos and Cif is the ninth largest global advertiser, having spent around €8.5 billion on brand and marketing in 2023.
- 10/01/2024
|
Physical Retail Stages a Comeback and Mobile Shopping Dominates In New ‘Future Shopper Report'
- New York, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Advances in technology have ushered in unparalleled digital brand offerings in recent years, but new findings suggest the future of retail is being shaped by a multitude of trends including a growing desire for seamless omnichannel experience. In its eighth edition, VML's anticipated ‘Future Shopper Report 2024' captures a global snapshot of the modern shopper. The report surveys 31,500 consumers across 20 countries and reveals a dynamic retail landscape challenging established trends and ushering in new opportunities for brands.This year's report highlights new trends taking shape—consumers are becoming more open to physical shopping experiences again; marketplaces' grip on their dominant position in the customer journey is weakening; and the impact of new technologies like AI changing what we sell, how we sell it, and who we sell it to. Beth Ann Kaminkow, Global Chief Commerce Officer, VML said: “The new era of consumers is upon us. Demanding to be at the center of their own immersive omnichannel universe, brands and retailers are still playing catch-up on the new rules of commerce. Through this report, VML continuously seeks to better understand our future shopper—uncovering what drives them to discover, engage and ultimately, purchase—to help marketers redefine how they drive brands and businesses.” Neil Dawson, Global Chief Strategy Officer, VML said: “Shopping today is multi-faceted, multi-platform and more integrated than ever before. Matched to savvy consumers, the need for advanced and connected customer journeys is critical to success. Brands must understand and adapt to evolving shopper habits and that's precisely what the Future Shopper report explores—ensuring that we stay ahead of key trends that drive business.”Report highlights include:
- 09/18/2024
|
WPP plc (WPP) Q2 2024 Earnings Call Transcript
- WPP plc (NYSE:WPP ) Q2 2024 Earnings Conference Call August 9, 2024 11:00 AM ET Company Participants Mark Read - CEO Joanne Wilson - CFO Tom Waldron - Head, IR Conference Call Participants Laura Metayer - Morgan Stanley Adam Berlin - UBS Julien Roch - Barclays Adrien de Saint Hilaire - Bank of America Joseph Thomas - HSBC Steve Liechti - Deutsche Numis Thomas Singlehurst - Citi Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the WPP 2024 Interim Results Conference Call and Webcast.
- 08/10/2024
|
WPP fetched decent price in FGS Global disposal, says Citi
- Advertising giant WPP PLC (LSE:WPP) fetched a good price in its $1.7 billion disposal of strategic communications and advisory firm FGS Global, reckon Citi analyst. The price tag came comfortably above FGS's implied $1.4 billion valuation when WPP sold a partial stake to KKR in April 2023.
- 08/08/2024
|
WPP underperforming against global competitors - analysts
- Global advertising giant WPP PLC (LSE:WPP)'s mediocre interim results came as little surprise to City analysts on Wednesday. Year on year revenues barely budged amid contracting marketing spend from WPP's blue-chip client base and while operating profit improved 38%, this came at the expense of considerable workforce layoffs.
- 08/07/2024
|
WPP trims 3,000 roles to offset stagnant sales growth
- Advertising giant WPP PLC (LSE:WPP) has trimmed its global workforce by 3,000 roles in the past year to reduce operating costs at a time when industry sales are failing to show momentum. According to interim results posted on Wednesday, WPP's headcount was 111,000 as of 30 June, down from 114,000 at the same point in 2023.
- 08/07/2024
|
WPP agrees to sell stake in FGS Global to KKR for $775 million
- British ad group WPP on Wednesday agreed to sell its controlling stake in FGS Global to minority shareholder KKR for $775 million, implying an enterprise value for the financial PR agency of $1.7 billion.
- 08/07/2024
|
Former BT boss Philip Jansen joins WPP board
- Advertising giant WPP PLC (LSE:WPP) has appointed former BT Group PLC (LSE:BT.A) boss Philip Jansen to the board as a non-executive director. Though best known for his roles as boss of BT and previously Worldpay (LSE:WPG), Jansen has advertising chops as a former marketing director at Dunlop Slazenger and Telewest.
- 07/30/2024
|
Ad group WPP names former BT boss Philip Jansen as new chair
- WPP named former BT chief Philip Jansen as its new chair on Tuesday, succeeding Roberto Quarta at the world's largest advertising company.
- 07/30/2024
|
Ad group WPP lines up former BT boss Philip Jansen as its new chair, FT reports
- Britain's WPP is set to pick former BT Group chief Philip Jansen as its new chair, the Financial Times reported on Tuesday, citing people familiar with the matter.
- 07/29/2024
|
VTEX and VML Power H Mart's Ecommerce, Enhancing the Digital Grocery Shopping Experience
- NEW YORK , July 11, 2024 /PRNewswire/ -- VTEX (NYSE: VTEX), the composable and complete digital commerce platform, has been selected by H Mart, the largest Asian-American supermarket chain in the U.S. with over 90 locations across North America , to power its ecommerce operations alongside global creative agency VML, a leading commerce systems integrator and implementation partner. This partnership marks a significant milestone for H Mart in its digital transformation by moving to a modern, SaaS commerce platform.
- 07/11/2024
|
WPP must show green shoots in second-quarter results
- Multinational advertising giant WPP PLC (LSE:WPP)'s second-quarter results are due on 7 August, with analysts pinning hopes on signs of recovery following a dour 12 months. Advertising spend has been a net loser amid the global inflation cycle, but with cost pressures coming down and interest rates soon to follow, WPP could soon be seeing green shoots.
- 07/04/2024
|
3 Advertising & Marketing Stocks to Watch Amid Industry Woes
- The Zacks Advertising and Marketing industry is expected to gradually reach the pre-pandemic healthy levels with increased service activities. OMC, WPP and HHS are likely to ride on the digital marketing surge and client-centric strategies.
- 07/02/2024
|
WPP sell off talk makes sense, suggests Citi
- Talk of a bid for WPP PLC (LSE:WPP) PR business makes sense, according to analysts at Citi, and might persuade management given the value it could generate. Bloomberg and FT both reported that KKR had made a bid for control of FGS Global, the PR arm.
- 07/02/2024
|
WPP, Ogilvy and The Coca-Cola Company win at Cannes Lions 2024
- CANNES, France--(BUSINESS WIRE)--The Cannes Lions International Festival of Creativity today named WPP (NYSE: WPP) as Creative Company of the Year for 2024, with Ogilvy taking home Creative Network of the Year. WPP agencies collected a total of 160 Lions, including a Titanium, 6 Grand Prix, 27 Gold, 43 Silver and 83 Bronze Lions, with winners representing 41 different countries. The Coca-Cola Company, whose global marketing partner is WPP Open X, was named Creative Brand of the Year for the fir.
- 06/21/2024
|
WPP CEO: X content moderation lives up to industry expectation
- Mark Read, CEO at WPP, discusses Elon's Musk's comments to advertisers at Cannes Lions and explains how the company are using AI in their latest innovations.
- 06/20/2024
|
WPP and IBM Team Up to Revolutionize Business-to-Business Marketing with Generative AI
- WPP Open for B2B is powered by IBM's watsonx AI and data platform to solve complex B2B marketing challenges IBM is the first user of the platform to accelerate its AI-driven marketing and communications transformation WPP and IBM will collaborate with LinkedIn to better understand buying groups CANNES, France , June 19, 2024 /PRNewswire/ -- WPP (NYSE: WPP) and IBM (NYSE: IBM) today announced the launch of a new business-to-business (B2B) solution powered by IBM's AI and data platform watsonx designed to reinvent how B2B marketers identify and engage clients and prospects across the buying journey. WPP Open for B2B will help marketers solve complex B2B marketing challenges, accurately identify and engage buying groups, and improve clients' return on investment.
- 06/19/2024
|
Down -12.44% in 4 Weeks, Here's Why WPP (WPP) Looks Ripe for a Turnaround
- WPP (WPP) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
- 06/18/2024
|
CMI Media Group Taps KERV Interactive Technology to Launch ‘Video Attention' Metrics for Pharmaceutical Advertising
- AUSTIN, Texas--(BUSINESS WIRE)--KERV, the leader in AI-powered video analysis, performance and monetization, and CMI Media Group (CMI), the global healthcare media strategy agency and part of WPP (NYSE: WPP), today announced a groundbreaking new video attention partnership. CMI's portfolio of major pharmaceutical clients can now access KERV's market-leading, next-generation online video, display, and connected TV (CTV) advertising technology, along with KERV's proprietary Active Attention Index.
- 06/12/2024
|
WPP Integrates Anthropic's Claude Foundational AI Models into WPP Open Using Amazon Bedrock, Elevating Capabilities for its 114,000 Marketers
- NEW YORK & LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) today announces that it has integrated Anthropic's state-of-the-art Claude artificial intelligence (AI) model family into its intelligent marketing operating system WPP Open, using Amazon Bedrock, a fully managed service from Amazon Web Services (AWS). The integration of Claude, including Opus, Sonnet and Haiku, brings powerful AI performance, intelligence and speed to enhance the capabilities of WPP's 114,000-strong marketing talent across it.
- 05/22/2024
|
WPP First Quarter Trading Update
- NEW YORK & LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) today reported its 2024 First Quarter Trading Update. Key figures First Quarter £ million ‘+/(-) % reported1 ‘+/(-) % LFL2 Revenue 3,412 (1.4) 2.1 Revenue less pass-through costs 2,687 (5.0) (1.6) Q1 revenue -1.4%; LFL revenue +2.1% Q1 LFL revenue less pass-through costs -1.6% (Q1 2023: +2.9%) with growth in the UK and Western Continental Europe offset by declines in North America and Asia Pacific, which saw strong growth in India offset by a.
- 04/25/2024
|
WPP slides as tech company spend falls again, China too
- WPP PLC (LSE:WPP) shares fell after its first-quarter revenue fell more than expected, led by reduced ad spending at technology companies in the US and a sharp fall in China. Revenue less pass-through costs came to £2.69 billion in the first three months of the year, a like-for-like decline of 1.6% on a year ago and worse than the City analyst consensus of 1.5%.
- 04/25/2024
|
WPP Revenue Hit by Tech Pullback
- WPP backed its full-year revenue guidance after its first-quarter results were hurt by weaker spending by technology clients and project delays.
- 04/25/2024
|
Ad group WPP reports 1.6% drop in first-quarter organic growth
- British ad group WPP reported a 1.6% drop in organic growth in the first quarter, lagging its major rivals, after it was hit by loss of business from a healthcare client and reduced spending by technology companies.
- 04/25/2024
|
WPP employs Google's Gemini AI to write, narrate ads
- It's a “groundbreaking new collaboration” according to WPP PLC (LSE:WPP), but news that the advertising giant has employed Google's Gemini large-language artificial intelligence model to produce advertisements for its blue-chip client is sure to divide opinion. Announcing the collaboration at today's Google Cloud Next ‘24 event in Las Vegas, WPP said Gemini 1.5 Pro will be integrated into its AI-powered WPP Open marketing system.
- 04/09/2024
|
WPP: Ad Giant Still Looks Attractively Valued
- WPP continues to reorganize its business with the launch of VML after merging VMLY&R and Wunderman Thompson. The company aims to improve its business performance with targets for revenue growth, operating profit margin, and operating cash flow conversion. WPP's dividend remains below pre-pandemic levels, but the attractive yield and potential for dividend growth make the shares appealing.
- 03/26/2024
|
Unilever's new plans may not bode well for ad agency WPP - analyst
- This week's big strategic update from Unilever PLC (LSE:ULVR) appears to raise risks for advertising agencies that it uses, said UBS, reiterating its 'sell' rating on WPP PLC's (LSE:WPP). Alongside scooping out its ice cream division, Unilever's announcement of an acceleration of its growth action plan also includes the launch of a €800 million productivity program, with various cost savings.
- 03/21/2024
|
WPP falls on 'underwhelming' results
- Shares in WPP PLC (LSE:WPP) fell 3% as full-year results came in largely in line with expectations, though lower technology spending in the final quarter in the US acted as a drag. Net new business was 24% lower year-on-year and reported pre-tax profit fell 70% to $346 million due to accelerated amortisation of previously indefinite life brands and impairment of leases related to a property review.
- 02/22/2024
|
WPP 2023 Preliminary Results
- NEW YORK & LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) today reported its 2023 Preliminary Results. Key figures £m 2023 +/(-) % reported1 +/(-) % LFL2 2022 Revenue 14,845 2.9 3.2 14,429 Revenue less pass-through costs 11,860 0.5 0.9 11,799 Reported: Operating profit 531 (60.9) 1,358 Profit before tax 346 (70.1) 1,160 Diluted EPS (p) 10.1* (83.5) 61.2 Dividends per share (p) 39.4 – 39.4 Headline3: Operating profit 1,750 0.5 1,742 Operating profit margin.
- 02/22/2024
|
WPP Profits Hurt by Impairments
- WPP's full-year core profit slightly missed expectations and the advertising group guided for like-for-like revenue growth in 2024 of 0% to 1%, adding that it was confident of delivering accelerated and increasingly profitable growth over the medium term.
- 02/22/2024
|
WPP scope for recovery in focus in results
- WPP PLC (LSE:WPP) will publish results for 2023 on Thursday 22 February with its shares mounting a gentle rally after sinking to almost a three-year low in the autumn. Helping this, the company said last month that the outturn for last year would meet headline guidance, meaning investor attention at the results will be on recent trends, new business momentum and expectations on media spend in 2024.
- 02/20/2024
|
WPP Capital Markets Day 2024
- NEW YORK & LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) is today announcing the next phase of its strategy to capture the opportunities offered by AI, maximise the potential of creative transformation and deliver faster growth, higher margins and improved cash generation. Four strategic pillars support these goals: 1. Lead through AI, data and technology Capitalise on WPP's lead in artificial intelligence built on: the acquisition of Satalia in 2021; organic investment in AI, client technology and.
- 01/30/2024
|
WPP up 5.4% ad giant unveils £250m AI plan
- WPP PLC (LSE:WPP) shares were up 5.4% in early trade after the advertising giant upgraded medium-term financial targets and announced a significant investment in artificial intelligence technology. WPP revealed plans to invest £250 million this year in AI, a strategic move expected to revolutionize the advertising sector.
- 01/30/2024
|
WPP's revenue less pass-through costs grew 0.9% in 2023
- British advertising group WPP said its revenue less pass-through costs grew 0.9% last year, and it expects at best a similar result in 2024, with a small increase in its operating profit margin of 20 to 40 basis points.
- 01/30/2024
|
3 Advertising & Marketing Stocks to Watch From a Booming Industry
- The Zacks Advertising and Marketing industry is expected to gradually reach the pre-pandemic healthy levels with an increase in service activities. PUBGY, OMC and WPP are likely to ride on the digital marketing surge and client-centric strategies.
- 01/29/2024
|
3 Stocks Most Likely to Be Hurt by the Rise of AI
- Artificial intelligence is expected to perform many types of jobs that humans currently do. In most cases, that change will greatly help companies since computers are much cheaper to train and maintain than human employees.
- 01/18/2024
|
WPP problems not over yet, suggests broker
- Ad agency WPP has a capital markets day on 30 January followed by full-year results on 22 February and broker UBS is not expecting good news at either event. Indeed the broker has slapped a double downgrade to sell on the ad agency and slashed its target price to 700p from 1,200p.
- 01/16/2024
|
WPP Kantar talk highlights hidden value at ad group, suggest Citi
- WPP "weighing options" for its 40% stake in Kantar should drive a reassessment of what this asset or parts of the group's portfolio could be worth, suggests US bank Citi. Reports last week suggested WPP was mulling a sale of its Kantar holding and Citi reckons that, plus all the other associate and investment holdings, might be worth as much as £2.5 billion.
- 01/12/2024
|
WPP gets double-downgrade to sell at UBS
- Ad agency WPP got a double-downgrade, to sell from buy, at UBS, which argues organic sales growth will be below consensus and below the sector for both this year and the medium term, and that free cash flow will remain at depressed levels this year, limiting any share buyback. UBS noted that WPP has high exposure to TMT clients compared to rivals, and GroupM has been growing more slowly than some of its peers.
- 01/11/2024
|
WPP shares gain ground on reports of £1bn Kantar Media sale
- WPP PLC (LSE:WPP) climbed on Friday afternoon on reports the Kantar Media, of which it owns 40%, is set to be sold this year. Kantar Media, itself a division of the market research firm, is to be put up for sale by majority owner Bain Capital in the coming months, according to Sky News.
- 01/05/2024
|
Inside WPP's volatile 2023
- WPP issued two profit warnings this year amid a slowdown in ad spending from its tech clients. The company has been undergoing a massive transformation that has involved merging agencies.
- 12/28/2023
|
WPP downgraded on slowing US macro concerns
- WPP PLC (LSE:WPP) fell 1.1% after JPMorgan downgraded to ‘neutral' from ‘overweight' to reflect the slowing US macroeconomic environment. The broker made the move in a sector review in which it said the outlook for 2024 is very similar to that 12 months ago.
- 12/13/2023
|
WPP plc: Mixed Outlook But Priced Accordingly
- WPP's trading updates continue to underwhelm. But there are silver linings beneath the surface. Valuation-wise, the bar is low, and WPP may finally be nearing a bottom.
- 12/07/2023
|
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 the technology sector reduced spending.
- 10/26/2023
|
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 America and China remained weak. The FTSE 100-listed ad giant revenues less pass-through costs fell 5% in the fourth quarter, although only 0.6% on a like-for-like (LFL) basis.
- 10/26/2023
|
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 matter.
- 10/21/2023
|
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 former chief executive. UBS says that comparison is unfair on WPP due to S4 Capital's high exposure to technology clients, which accounts for approximately 44% of its client base.
- 10/20/2023
|
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 a decrease in spending from their most important customer segment, tech companies in the US. Management has lowered their guidance for FY23, signaling a lack of confidence in the business and adding to the already weak revenue guidance.
- 09/21/2023
|
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 concerns about the ripple effects on other European advertising agencies such as Publicis SA and WPP PLC (LSE:WPP). The revised forecast for S4 Capital indicates a "likely down" scenario from a previous estimate of +2-4%, despite the company's net revenues for the first half of 2023 being broadly in line with expectations, said UBS in a note.
- 09/20/2023
|
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 - Chief Financial Officer Conference Call Participants Lisa Yang - Goldman Sachs Julien Roch - Barclays Matthew Walker - Credit Suisse Tom Singlehurst - Citi Mark Read Thank you very much and welcome everyone to WPP's First Half Results. I'm here in London with Joanne Wilson, our CFO at her first set of results; and Tom Waldron, who leads our Investor Relations team.
- 08/04/2023
|
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.
- 08/04/2023
|
WPP lowers growth forecast as US tech firms cut spending
- WPP PLC (LSE:WPP) has lowered its full-year growth forecast due to reduced spending by US firms as it reported profit halved in the first half of 2023. The advertising giant now expects full-year like-for-like growth of 1.5-3.0%, down from previous guidance of 3-5%, although headline operating profit margin of around 15.0% is higher than the 11.5% reported in the first half.
- 08/04/2023
|
Capita and WPP results close out a busy month of interims on Friday
- Finishing off the week, ahead of the financial traders' must-watch NFP jobs report, there will be numbers from advertising group WPP PLC (LSE:WPP). These arrive hot on the heels of a warning from broadcaster ITV of the worst advertising recession since the financial crisis.
- 08/03/2023
|
How To Find Quality Dividend Stocks With Enduring Core Businesses
- If a company is going to survive and thrive over many decades, it must focus on what it can do better than its peers. A flywheel may give a company an enduring competitive advantage that widens with each turn of the wheel. Quality dividend stocks focus on long-term success by applying the same basic growth strategy to reach the same long-term goal over many years and even decades.
- 07/10/2023
|
A.I. explosion will only lead to more innovation in advertising, says WPP CEO Mark Read
- Mark Read, WPP CEO, joins 'Closing Bell Overtime' to discuss the strength of the ad market, the development of influencer marketing, and how A.I. could be used to boost creativity and expand ad innovation.
- 06/01/2023
|
WPP and Nvidia ink AI digital advertising deal
- WPP PLC (LSE:WPP) and Nvidia Corp have agreed to develop a platform that will create automated digital adverts using artificial intelligence. The world's largest advertising company said that integrating 3D tools with generative AI would allow its creative teams to produce commercial content, such as images and videos, more quickly.
- 05/30/2023
|
WPP shares climb after content engine deal with Nvidia
- Shares of ad agency WPP WPP, +2.98% rose 3% in early London trade after saying it's making a content engine in partnership with AI chipmaker Nvidia NVDA, +2.54%. The companies said the engine will allow WPP to make large volumes of brand advertising content such as images or videos and experiences like 3D product configurators more tailored and immersive.
- 05/30/2023
|
WPP, Nvidia team up to build AI-enabled content engine for digital advertising
- U.K. advertising-holding company WPP is teaming up with U.S. chip giant Nvidia to develop a content engine that uses generative artificial intelligence for digital advertising, the companies said Monday.
- 05/29/2023
|
After Plunging -7.27% in 4 Weeks, Here's Why the Trend Might Reverse for WPP PLC (WPP)
- The heavy selling pressure might have exhausted for WPP PLC (WPP) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
- 05/26/2023
|
WPP PLC (WPP) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
- WPP PLC (WPP) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
- 05/15/2023
|
WPP: Integrated Strategy And Diversified M&A Support Sustained Growth
- In the past year, WPP (-4.72%) has experienced poorer price performance than both the general market (SPY: +4.91%) and the communications index (XLC: +3.56%). This reflects a decline in advertising spending as a result of rising interest rates and sustained inflationary pressures, leading to a 75.07% YoY decline in FCF from 2021-22.
- 05/14/2023
|
Is WPP (WPP) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/10/2023
|
Investors turn sights on downside risks of A.I. tech boom
- CNBC's Deidre Bosa joins 'Power Lunch' to discuss ad agencies turning to A.I. to help push more ads to smaller sellers.
- 05/08/2023
|
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.
- 04/27/2023
|
WPP first quarter revenue rises to $4.21 billion
- WPP PLC UK:WPP on Thursday reported a 2.9% rise in like-for-like revenue less pass-through costs, or net sales, for the first quarter of the year and backed its full-year guidance.
- 04/27/2023
|
SNAP Integrates Ability to Fully Generate Images in AI Chatbot
- SNAP integrates ability to create AI-generated images in its AI chatbot, as the social messaging app expands its work in AI technology.
- 04/20/2023
|
Should Value Investors Buy WPP (WPP) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 04/20/2023
|
WPP's first quarter revenue growth below guidance, says broker
- WPP's organic net revenue growth for the first quarter should come in below the rate expected for the full year, according to Citi, although the company remains a Buy. Analysts at the bank expect revenue of growth of 2.2% to 2.3% when the FTSE 100 quoted firm reports on 27 April compared to guidance for the year of between 3% to 5%.
- 04/12/2023
|
Best Momentum Stocks to Buy for April 10th
- SKLZ, WPP and EONGY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 10, 2023.
- 04/10/2023
|
New Strong Buy Stocks for April 10th
- GSL, WPP, CINF, SKLZ and EONGY have been added to the Zacks Rank #1 (Strong Buy) List on April 10, 2023.
- 04/10/2023
|
Best Value Stocks to Buy for April 10th
- GSL, WPP and EONGY made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 10, 2023.
- 04/10/2023
|
Best Income Stocks to Buy for April 10th
- GSL, WPP and CINF made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 10, 2023.
- 04/10/2023
|
Are Investors Undervaluing WPP (WPP) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 04/04/2023
|
Top 5 Momentum Stocks for April After a Solid March
- We have narrowed our search to five momentum stocks. These are: VIPS, SE, ANET, WPP and KR.
- 04/04/2023
|
Why WPP Is Buying Obviously
- This week, WPP announced the acquisition of Obviously The post Why WPP Is Buying Obviously appeared first on Pulse 2.0.
- 03/29/2023
|
Best Income Stocks to Buy for March 29th
- TRIN, SCM and WPP made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 29, 2023
- 03/29/2023
|
New Strong Buy Stocks for March 29th
- NUE, WPP, SCM, BWMX and IMXI have been added to the Zacks Rank #1 (Strong Buy) List on March 29, 2023.
- 03/29/2023
|
New Strong Buy Stocks for March 22nd
- OZK, HQI, TRIN, PANW and WPP have been added to the Zacks Rank #1 (Strong Buy) List on March 22, 2023.
- 03/22/2023
|
Best Income Stocks to Buy for March 22nd
- TRIN, OZK and WPP made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 22, 2023.
- 03/22/2023
|
WPP buys influencer marketing group Goat for undisclosed sum
- WPP PLC (LSE:WPP) has announced the acquisition of Goat, an influencer marketing agency, for an undisclosed sum. Founded in 2015 by Arron Shepherd, Nick Cooke, and Harry Hugo, Goat has grown rapidly, working with major brands such as Dell, Meta, Tesco, and Uber.
- 03/22/2023
|
New Strong Buy Stocks for March 15th
- TRIN, CERT, WPP, NUE and BHR have been added to the Zacks Rank #1 (Strong Buy) List on March 15, 2023.
- 03/15/2023
|
Best Value Stocks to Buy for March 15th
- GSL, BHR and WPP made it to the Zacks Rank #1 (Strong Buy) value stocks list on March 15, 2023.
- 03/15/2023
|
New Strong Buy Stocks for March 9th
- ARLP, WPP, KR, BIDU and GIC have been added to the Zacks Rank #1 (Strong Buy) List on March 9, 2023.
- 03/09/2023
|
New Strong Buy Stocks for March 7th
- SSL, ESQ, IFNNY, WPP and GIC have been added to the Zacks Rank #1 (Strong Buy) List on March 7, 2023.
- 03/07/2023
|
Advertisement Spending Likely to Remain Firm in 2023: 5 Picks
- We have narrowed our search to five advertising and marketing stocks that have strong potential for 2023. These are: IPG, OMC, WPP, ADTH, and STGW.
- 03/06/2023
|
Best Income Stocks to Buy for March 2nd
- CBFV, WPP and GIC made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 2, 2023.
- 03/02/2023
|
New Strong Buy Stocks for March 2nd
- PUBGY, MELI, CNO, AIQUY and WPP have been added to the Zacks Rank #1 (Strong Buy) List on March 2, 2023.
- 03/02/2023
|
WPP results hailed as 'decent' by US bank, which says the best is yet to come
- Decent year but an even better outlook. That's the verdict from American investment bank Citi on full-year results from WPP PLC (LSE:WPP).
- 02/24/2023
|
WPP PLC (WPP) Q4 2022 Earnings Call Transcript
- WPP PLC (NYSE:WPP ) Q4 2022 Earnings Conference Call February 23, 2023 9:00 AM ET Company Participants Mark Read - CEO John Rogers - CFO Conference Call Participants Timothy Nollen - Macquarie Research Michael Nathanson - MoffettNathanson Douglas Arthur - Huber Research Partners Operator Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to WPP Preliminary Financial Results Conference Call and Webcast.
- 02/23/2023
|
‘It's fundamental': WPP chief on how AI has revolutionised advertising
- Mark Read says artificial intelligence is helping it win clients keen to tap into the technology's potential
- 02/23/2023
|
WPP chief says AI ‘fundamental' to its advertising output
- WPP PLC (LSE:WPP) chief Mark Read called artificial intelligence concepts such as image generation and language tools like OpenAI's ChatGPT “fundamental” to the world's largest advertising group, in comments published by Bloomberg following today's earnings call. “Clearly it's a great use in our media business, where we can use it to find relevant audiences and measure the impact of our work,” Read said, continuing: “We're using it a lot creatively in our production processes to accelerate how we produce work and reduce the cost of doing that.
- 02/23/2023
|
WPP climbs on less cloudy outlook for 2023
- Shares in WPP PLC (LSE:WPP) were whipped 4% higher to 1,055p after the advertising giant reported 22% profit growth for last year and "good momentum" into 2023 from new business wins. Like-for-like revenue, excluding pass-through costs, is expected to grow 3-5% this year, down from 6.7% in 2022 but not by as much as analysts had feared.
- 02/23/2023
|
Is WPP (WPP) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 02/16/2023
|
Should Value Investors Buy WPP (WPP) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 01/31/2023
|
Are Investors Undervaluing WPP (WPP) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 01/04/2023
|
New Strong Buy Stocks for December 23rd
- CPYYY, CEIX, VRTV, WPP and WHF have been added to the Zacks Rank #1 (Strong Buy) List on December 23, 2022.
- 12/23/2022
|
Is WPP (WPP) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 12/15/2022
|
New Strong Buy Stocks for December 14th
- SANM, AU, BCBP, WPP and LKFN have been added to the Zacks Rank #1 (Strong Buy) List on December 14, 2022.
- 12/14/2022
|
4 Stocks You'll Regret Not Buying at Their Current Price Levels
- Investors trying to hop on the "Buy the Dip" opportunity while avoiding risky bets could have a look at WPP, JAMF, CVT and CNM.
- 12/06/2022
|
Is WPP (WPP) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 11/29/2022
|
WPP: Looking Cheap For A Global Ad Giant
- WPP plc reported revenue growth in its most recent quarter and raised its full-year revenue forecast. Longer term, I expect WPP to suffer from an advertising downturn.
- 10/31/2022
|
WPP lifts full-year revenue guidance after 'strong momentum' in third quarter
- WPP PLC (LSE:WPP) has revised up its revenue forecast for the full year after it achieved a “strong” performance in the third quarter. Like-for-like (LFL) revenue less pass-through costs is now expected to show growth of 6.5-7.0% in 2022, which is above the previous forecast of 6.0-7.0%, the advertising and marketing conglomerate said in a trading statement.
- 10/26/2022
|
Ad giant WPP reports higher revenue, lifts guidance
- By Kyle Morris
- 10/26/2022
|
WPP results to open window to global ad budgets
- WPP PLC (LSE:WPP), the advertising and marketing conglomerate, will release its third-quarter results on Wednesday, hoping to have kept up recent momentum that saw first half revenue increase by more than 10%. It said at its August interims that adjusted sales are expected to rise 6% to 7% this year, compared to end-April growth guidance of 5.5% to 6.5%, with annual revenue less pass-through costs growth of 3-4% and headline operating profit margin of 15.5-16%.
- 10/21/2022
|
WPP to buy European ecommerce consultancy Newcraft for undisclosed sum
- WPP PLC (LSE:WPP) said it will buy European ecommerce consultancy Newcraft for an undisclosed sum. The Dutch-based company's clients include airline KLM, Yakult, and the world-famous Rijksmuseum.
- 09/01/2022
|
WPP plc (WPP) CEO Mark Read on Q2 2022 Results - Earnings Call Transcript
- WPP plc (NYSE:WPP ) Q2 2022 Results Conference Call August 5, 2022 9:00 AM ET Company Participants Mark Read - CEO John Rogers - CFO Conference Call Participants Tim Nollen - Macquarie Doug Arthur - Huber Research Matthew Walker - Credit Suisse Operator Welcome to the WPP 2022 Interim Results Conference Call and Webcast. [Operator Instructions] Today's conference is being recorded.
- 08/05/2022
|
WPP drops despite jump in profit, dividend and guidance
- WPP PLC (LSE:WPP) said its first-half profit and revenue rose thanks to "sustained demand" for its advertising services, leading it to raise its guidance for the year, undeterred by the economic downturn. Adjusted sales are expected to rise 6% to 7% this year, compared to end-April growth guidance of 5.5% to 6.5%.
- 08/05/2022
|
WPP raises net sales outlook again on strong client spending
- WPP, the world's largest advertising group, upgraded its full-year net sales outlook on Friday as it expects robust spending by clients across many industries in the United States and Europe.
- 08/05/2022
|
Outlook remains positive for WPP ahead of half-year results
- With British creative transformation multinational WPP's interim results due on Friday August 5, equities analysts at Shore Capital remain firmly in the “buy” lane. “The group's first-quarter release summarised a strong start to the year with revenue less pass-through costs ahead by an impressive 9.5% year on year on a like-for-like basis and positive progress recorded across all business sectors,” noted Shore Cap.
- 07/29/2022
|
WPP: Price Decline Offers Value
- WPP had a strong first quarter and momentum looked set to continue. WPP shares, however, have been falling despite improving business performance and long-term growth drivers.
- 07/26/2022
|
3 Top Stocks to Watch From the Advertising & Marketing Industry
- The Zacks Advertising and Marketing industry's prospects look good on healthy manufacturing and service activities. OMC, HHS and WPP are likely to be industry frontrunners on digital marketing surge and client-centric strategies.
- 04/26/2022
|
WPP: Return To Growth And An Attractive Valuation
- Ad giant WPP showed mid-single-digit growth last year, buoyed by a surging advertising market. Its dividend is up 30% and more growth in the business is expected.
- 03/04/2022
|
WPP plc (WPP) CEO Mark Read on 2021 Preliminary Results - Earnings Call Transcript
- WPP plc (WPP) CEO Mark Read on 2021 Preliminary Results - Earnings Call Transcript
- 02/24/2022
|
WPP's CEO says Russia's impact on overall business is 'relatively small'
- Mark Read, CEO of the advertising giant, says Russia's recent invasion of Ukraine is unlikely to have any major impact on its business following the release of strong results Thursday. However, he said it remains to be seen whether the crisis will have a serious impact on the global economy as it emerges out of the pandemic.
- 02/24/2022
|
WPP launches $1.1 billion buyback after 'outstanding' year
- WPP, the world's largest advertising group, announced an 800 million-pound ($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.
- 02/24/2022
|
Instacart Partners With WPP to Supplement Delivery Revenue With Ad Sales
- With the unforgiving margins of grocery delivery making it tough to run a profitable business, Instacart is going all in on advertising. The grocery aggregator announced in a Tuesday (Feb. 1) press release that it is partnering with London-based multinational advertising and communications company WPP to offer advertising solutions and analytics tools to consumer-packaged goods […]
- 02/01/2022
|
3 Advertising Stocks Poised to Escape COVID-19-Led Industry Weakness
- While the Omicron surge leads to tightening restrictions, the Zacks Advertising and Marketing Industry's prospects look good on healthy manufacturing and service activities. OMC, HHS and WPP will likely be the industry frontrunners on digital marketing surge and client-centric strategies.
- 12/22/2021
|
WPP completes fourth acquisition of 2021
- WPP PLC (LSE:WPP) said it has acquired UK technology company Cloud Commerce Group (CCG), which helps brands globally to advertise, sell, and deliver their products across e-commerce platforms. The CCG platform, which helps power over £1bn in gross merchandise value per year, supports hundreds of wholesalers and retailers to complete transactions on marketplaces like Amazon, eBay and Etsy (NASDAQ:ETSY).
- 11/30/2021
|
Coca-Cola company names WPP as global marketing network partner
- WPP, the world's biggest advertising company, said on Monday it had become global marketing network partner for the Coca-Cola Company.
- 11/08/2021
|
WPP: Strong Performance And Momentum Could Push It Higher
- WPP's third quarter results showed the business is performing well. The outlook is strong and I expect good business results in the next several years.
- 11/06/2021
|
Tech giants battling to control the consumer, WPP CEO says
- Mark Read, CEO of WPP, discusses third-quarter results and outlook for the advertising industry.
- 10/28/2021
|
WPP raises full-year guidance again after third-quarter revenue beats forecasts
- WPP PLC raised its full-year forecast yet again as the continuing recovery in the global advertising market boosted its third-quarter sales to above pre-pandemic 2019 levels. The FTSE 100 advertising and marketing group said its key measure, like-for-like (LFL) revenue less pass-through costs, grew by 15.7% in the three months to end-September compared with 2020, beating forecasts of 9.7%, and were 6.9% higher than the same period in 2019.
- 10/28/2021
|
Global advertising giant WPP upgrades outlook again
- LONDON (Reuters) -WPP, the world's biggest advertising company, raised its sales guidance again on Thursday and said that much better than expected third-quarter trading showed a structural change to its growth rate, sending its shares up 4%.
- 10/28/2021
|
WPP pays $19 million in settlement with U.S. SEC
- The U.S. Securities and Exchange Commission (SEC) said on Friday that Britain's WPP had agreed to pay more than $19 million to resolve charges that it violated the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA).
- 09/24/2021
|
Advertising group WPP to pay $19 million to settle anti-bribery charges, says U.S. SEC
- The U.S. Securities and Exchange Commission said on Friday that WPP Plc, the world's largest advertising firm, has agreed to pay more than $19 million to resolve charges, without admitting or denying the regulator's findings.
- 09/24/2021
|
Reuters launches 'The Source' brand campaign
- NEW YORK, Sept. 23, 2021 /PRNewswire/ -- Reuters, the world's leading provider of trusted news, insight and analysis, debuted today its first major global brand campaign, 'The Source'.
- 09/23/2021
|
UK Value: WPP - A Guru-Backed Turnaround Story
- When I noticed gurus David Herro (Trades, Portfolio) and Charles Brandes (Trades, Portfolio) both own shares of WPP PLC ( WPP , Financial) ( LSE:WPP , Financial), I decided to take a deeper look into the company.
- 09/19/2021
|
WPP Leaders Recognised for Driving Change in Gender Diversity
- LONDON--(BUSINESS WIRE)--Fourteen leaders from across WPP (NYSE: WPP) have been named in the HERoes Women Role Model Lists 2021 for their work in championing women in business and creating a more gender diverse workplace. Celebrating executives, future leaders and senior leader advocates, the three global lists showcase those who are leading by example and are committed to building more inclusive workplaces that champion gender diversity. Wunderman Thompson's Global CEO Mel Edwards (#19), Kanta
- 09/09/2021
|
PRSA-NY and BCW Announce the Creation of The Harold Burson Award
- NEW YORK--(BUSINESS WIRE)-- #2021BigAppleAwards--The New York chapter of the Public Relations Society of America (PRSA-NY) and BCW, the global communications agency built to move people, today announced the creation of The Harold Burson Award. The first-ever winner will be awarded live during the 2021 Big Apple Awards Sept. 28. The award will recognize a non-agency practitioner for outstanding communications achievement. The recipient will demonstrate a best-in-class approach to communicating with precision, convict
- 09/03/2021
|
WPP acquires agency specialising in artificial intelligence
- WPP PLC, the advertising and marketing conglomerate, has acquired Satalia, a technology company offering market-leading artificial intelligence (AI) solutions for clients. Satalia, which employs more than 80 people across multiple markets in Europe, will join WPP's Wunderman Thompson Commerce division and will also act as a hub of AI expertise for all WPP agencies.
- 08/23/2021
|
WPP's (WPP) CEO Mark Read on Q4 2020 Results - Earnings Call Transcript
- WPP's (WPP) CEO Mark Read on Q4 2020 Results - Earnings Call Transcript
- 08/08/2021
|
WPP hikes dividend and lauches buybacks as ad industry growth returns faster than expected
- WPP PLC hiked its shareholder returns and full-year guidance as it swung back to profit after a stronger than expected second quarter. The FTSE 100 advertising and marketing group said the market recovery in the first half of 2021 has been “much faster than expected”, with its GroupM division making a big improvement to its forecasts for the year, with global advertising growth of 19% predicted for the year after the 6% decline in 2020.
- 08/05/2021
|
Ad group WPP beats Q2 forecasts as growth returns to 2019 levels
- WPP, the world's biggest advertising company, said underlying net sales jumped 19.3% in the second quarter, beating expectations and taking first-half growth to 11%, ahead of 2019 as clients ramped up spending in the COVID recovery.
- 08/05/2021
|
MassMutual Unveils New Brand Campaign
- NEW YORK, July 28, 2021 /PRNewswire/ -- Massachusetts Mutual Life Insurance Company (MassMutual) today unveiled a new brand platform and comprehensive, multichannel brand advertising campaign. It is the first work from Grey, its newly appointed lead creative agency-of-record.
- 07/28/2021
|
Publicis Is A Cheap Way To Play The Advertising Recovery
- Publicis Is A Cheap Way To Play The Advertising Recovery
- 07/12/2021
|
Ogilvy Names Prominent Health Industry Leader Kim Johnson Global CEO of Ogilvy Health
- NEW YORK, July 08, 2021 (GLOBE NEWSWIRE) -- Ogilvy Health today announced that health industry leader Kim Johnson has been appointed Global Chief Executive Officer of Ogilvy Health. Widely respected for her marketing leadership in the health and wellness sector, Kim has worked at the forefront of global health and science innovation on both the agency and client side throughout her career. Kim will oversee all aspects of Ogilvy's Health business spanning Brand Strategy, Advertising, Public Relations, Experience, Medical Education, HCP Promotion, Market Access, and Patient/Consumer Engagement and be responsible for further accelerating Ogilvy Health's growth. She will assume the role on July 26.
- 07/08/2021
|
WPP upgraded by Credit Suisse on ad market recovery, but S4 Capital is better bet
- WPP PLC (LON:WPP) shares have been given a boost by Credit Suisse, which upgraded the stock to ‘neutral' from ‘underperform' amid a record recovery in the advertising industry. The Swiss investment bank, which hiked its target price to 1,060p from 835p, said structural concerns about the FTSE 100 group's agency holding companies “have taken a back seat” as government stimulus and recovery in some pandemic-impacted sectors kick in.
- 06/25/2021
|
WPP on the rise after upgrade from Credit Suisse
- WPP PLC (LON:WPP) rose 2% to 1,001p in the early afternoon after Credit Suisse upgraded the stock to ‘neutral' from ‘underperform', hiking the target price to 1,060p from 835p. Analysts said structural concerns about agency holding companies “have taken a back seat” as government stimulus and recovery in some pandemic-impacted sectors kick in.
- 06/25/2021
|
Our industry is at the heart of many of society's challenges, says WPP CEO
- Mark Read, the CEO of WPP, says that his industry is having to grapple with everything from climate change to online privacy.
- 06/25/2021
|
WPP Wins Industry's Most Creative Company at Cannes Lions
- LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) was today named the most creative company of the year at the Cannes Lions International Festival of Creativity. WPP agencies collected a total of 190 Lions, including a Titanium Lion, 12 Grand Prix, 28 Gold, 57 Silver and 92 Bronze, with winners representing 38 different countries. The award is based on the accumulated points total from agencies within each holding company. It is the first time that WPP has won the Holding Company of the Year award since
- 06/25/2021
|
Ogilvy Health's Shannon Walsh selected as an ELITE Award Winner by PM360
- NEW YORK, May 14, 2021 (GLOBE NEWSWIRE) -- Ogilvy Health announced today that Shannon Walsh, Managing Director and PR Lead, has been named to the prestigious 2021 ELITE list by healthcare marketing industry magazine PM360.
- 05/14/2021
|
Javier Campopiano Promoted to New Creative Roles at Grey and WPP
- NEW YORK, May 10, 2021 /PRNewswire/ -- It was announced today that Javier Campopiano has been promoted to Global Creative Partner at Grey, a new worldwide position, overseeing the agency's creative work across Europe and Asia. He will report to John Patroulis, Worldwide Chief Creative Officer of Grey.
- 05/10/2021
|
WPP and Microsoft to Creatively Transform Content Production Through New Cloud Studio Partnership
- LONDON & REDMOND, Wash.--(BUSINESS WIRE)--WPP (NYSE: WPP) and Microsoft Corp. have announced a partnership to transform creative content production, beginning with the launch of Cloud Studio, an innovative cloud platform that allows creative teams from across WPP's global network to produce campaigns for clients from any location around the world. Cloud Studio is the advertising industry's first bespoke platform for virtual production that arms creatives with the technology to collaborate and c
- 05/05/2021
|
WPP cuts former CEO Sorrell's share awards over alleged leaks
- WPP, the world's biggest advertising company, on Thursday said it was cutting former CEO Martin Sorrell's long-term share incentive awards due to what it said were leaks of confidential information to the media.
- 04/29/2021
|
WPP CEO Sees 2021 Results Closer to Upper End of Guidance
- Apr.28 -- WPP Plc CEO Mark Read discusses the advertising giant's first-quarter results, which saw sales surge back as global brands boosted their ad spending. He also discusses the economic recovery and plans by Apple Inc. and Google to effectively kill the software marketers use to track online activity and target ads.
- 04/28/2021
|
With advertising spending back, here's why WPP is an economic recovery play
- WPP is viewed as a bellwether for the health of the global economy, because marketing budgets are typically the first on the chopping block in tough times and the first to benefit when business picks up.
- 04/28/2021
|
Advertising Spending Is Back. Here's Why WPP Is an Economic Recovery Play.
- The world's largest advertising group by revenue smashed analyst expectations in the first quarter of 2021.
- 04/28/2021
|
WPP enjoys strong start to year, says corporate marketing spend shows resilience
- WPP PLC (LON:WPP) said it enjoyed a strong start to 2021, with all its top five advertising markets growing in the first quarter compared to last year. The FTSE 100 group said client marketing services spend as a whole was showing “increasing resilience” this year, despite ongoing uncertainty around the Coronavirus (COVID-19) pandemic.
- 04/28/2021
|
WPP enjoys strong start to year, says corporate marketing spend shows increasing resilience
- WPP PLC (LON:WPP) said it enjoyed a strong start to 2021, with all its top five advertising markets growing in the first quarter compared to last year. The FTSE 100 group said client marketing services spend as a whole was showing “increasing resilience” this year, despite ongoing uncertainty around the Coronavirus (COVID-19) pandemic.
- 04/28/2021
|
Ad group WPP returns to growth as clients anticipate recovery
- WPP, the world's biggest advertising company, returned to underlying growth in the first quarter of the year after clients launched new products and brands ahead of an expected global economic recovery.
- 04/28/2021
|
WPP says corporate marketing spend is showing increasing resilience
- WPP PLC (LON:WPP) said it has enjoyed a strong start to 2021, with all its top five advertising markets growing in the first quarter compared to last year. The FTSE 100 group said client marketing services spend as a whole was showing “increasing resilience” this year, despite ongoing uncertainty around the coronavirus pandemic.
- 04/28/2021
|
Ad group WPP targets net zero emissions by 2025
- WPP said on Thursday it planned to make the world's largest advertising company reach net zero carbon emissions by 2025 by incorporating many of the virtual production solutions it has developed during the pandemic.
- 04/22/2021
|
MassMutual Selects Grey As New Creative Agency-Of-Record
- NEW YORK, April 21, 2021 /PRNewswire/ -- Massachusetts Mutual Life Insurance Company (MassMutual) today announced that it has chosen Grey as its new lead creative agency of record, following a competitive 4-week review. MassMutual recently redesigned a future-forward marketing model and, as a part of doing so, embarked on finding a new creative partner (in the middle of the pandemic).
- 04/21/2021
|
Tim Jones Joins Grey As Chief Creative Officer, Pharma
- NEW YORK, April 14, 2021 /PRNewswire/ -- Justine Armour, Chief Creative Officer of Grey New York, today announced that Tim Jones is joining the agency as Chief Creative Officer, Pharma, the fast-growing global practice serving many of the world's largest pharmaceutical companies and leading brands. "We are thrilled to welcome Tim to Grey.
- 04/14/2021
|
Canada is the No. 1 Country in the World, According to the 2021 Best Countries Report
- The sixth annual Best Countries report reveals the importance of social justice as a global ambition, the unexpected societal byproduct of the COVID-19 crisis and the influence of conspiracy theories. WASHINGTON, April 13, 2021 /PRNewswire/ -- For the first time, Canada takes the top spot overall in the 2021 Best Countries Report, a ranking and analysis project by U.S. News & World Report; BAV Group, a unit of global marketing communications company VMLY&R; and the Wharton School of the University of Pennsylvania.
- 04/13/2021
|
Ogilvy Health's Kate Cronin to be honored at PRWeek's 2021 Hall of Femme ceremony
- NEW YORK, April 07, 2021 (GLOBE NEWSWIRE) -- Ogilvy Health announced today that Kate Cronin, Global CEO, has been selected by PRWeek as a recipient of the 2021 Hall of Femme awards.
- 04/07/2021
|
WPP Named a Leader in Commerce Services
- NEW YORK & LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) has been named a Leader among commerce services providers by Forrester Research, Inc. The Forrester Wave™: Commerce Services, Q1 2021 evaluation ranks the 14 most significant commerce providers as Leaders, Strong Performers, Contenders or Challengers against their current offering, strategy and market presence. The report suggests that “companies seeking help with their commerce transformation should look for service providers that: offer a fu
- 03/22/2021
|
7 Stocks To Avoid That Remain at the Mercy of Google
- These seven companies are ones that investors believe may be impacted in some way from the recent changes announced by ad giant Google. The post 7 Stocks To Avoid That Remain at the Mercy of Google appeared first on InvestorPlace.
- 03/17/2021
|
WPP (WPP) CEO, Mark Read on Q4 2020 Results - Earnings Call Transcript
- WPP (WPP) CEO, Mark Read on Q4 2020 Results - Earnings Call Transcript
- 03/11/2021
|
Digital shift and vaccines help WPP plot path to recovery
- The world's biggest advertising company WPP said it would relaunch its buyback scheme immediately after its work to promote vaccines and help clients shift online helped get it through the worst of the pandemic.
- 03/11/2021
|
WPP reveals £3.1bn of impairments as it dives into the red
- WPP PLC (LON:WPP) reported an eye-watering £3.1bn of impairments in its 2020 results as it reassessed the value of acquisitions made in the pre-coronavirus era. The write-downs led to the acquisitive marketing and advertising conglomerate posting a loss before tax of £2.79bn for 2020 versus a profit in 2019 of £1.21bn.
- 03/11/2021
|
WPP acquires e-commerce agency, NN4M
- WPP PLC (LON:WPP) subsidiary Wunderman Thompson has acquired NN4M, a mobile commerce partner that counts Selfridges, Nestlé and River Island among its customers. NN4M, which is based in Edinburgh, builds bespoke commerce applications for brands on multiple devices, including smartphone, tablet, apps and in-store gizmos.
- 03/11/2021
|
WPP Appoints Dave Rolfe as Global Head of Production
- NEW YORK & LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) today announces the appointment of Dave Rolfe to the new role of Global Head of Production, WPP and Hogarth. Dave, who was most recently Head of Production for Global Business Marketing at Facebook, will be based in Hogarth Worldwide, WPP's creative production arm. He joins in March, reporting to WPP's incoming Global Chief Creative Officer, Rob Reilly, and Hogarth CEO, Richard Glasson. In this newly created role, Dave will be responsible for
- 03/04/2021
|
WPP Acquires Brazilian Digital Software Company DTI Digital For Undisclosed Sum
- WPP Plc (NYSE: WPP) acquired Brazilian digital software engineering company DTI Digital to consolidate its capabilities in its clients' end-to-end digital transformation objectives in Brazil and beyond through expanding its ad tech and systems integrations capabilities. DTI will gain from WPP's global network and relationships with its partners and clients.
- 02/10/2021
|
WPP shares rise after deal with TikTok
- Advertising and marketing giant WPP Plc has signed a deal with social media platform TikTok that will allow clients of WPP agencies to gain early access to new TikTok advertising products, including augmented reality capabilities, as well as other offerings. TikTok will also partner with influencers on projects for WPP clients.
- 02/01/2021
|
WPP and TikTok Announce First-of-Its-Kind Global Agency Partnership
- NEW YORK--(BUSINESS WIRE)--WPP (NYSE: WPP) and TikTok, a leading destination for short-form mobile video, today announced an innovative global partnership to enable WPP agencies and clients to tap into the culture-shaping impact and reach of the platform. The partnership allows WPP clients to benefit from unique access and capabilities on the TikTok platform. Recognizing the significant opportunities for brands that both short-form video and digital content continue to present, WPP will have ea
- 02/01/2021
|
WPP Named in Bloomberg Gender-Equality Index for Third Year in a Row
- LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) was today named in the 2021 Bloomberg Gender-Equality Index (GEI) for the third consecutive year. The Index recognises companies committed to advancing gender equality in the workplace through policy development, representation and transparency. The 2021 GEI is made up of 380 companies from 11 sectors headquartered across 44 countries and regions, all raising the bar of what should be expected from other companies within the same industry. It measures ho
- 01/27/2021
|
Broad-Based Media Recovery in 2021: WPP CEO
- Jan.25 -- Mark Read, chief executive officer at WPP Plc., discusses advertising budgets for clients in 2021, his acquisition strategy and his post-Brexit business outlook.
- 01/25/2021
|
WPP Appoints Rob Reilly as Global Chief Creative Officer
- NEW YORK & LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) today announces the appointment of Rob Reilly as Global Chief Creative Officer. Rob – who is currently Global Creative Chairman of McCann Worldgroup – will join WPP in May, reporting to CEO Mark Read. In partnership with Mark, and the CEOs and Chief Creative Officers of WPP's agencies, Rob will champion creativity within and beyond the company, fostering a culture that delivers extraordinary work to WPP's clients. He is also tasked with attrac
- 01/14/2021
|
How WPP's Move to Digital Could Boost the Ad Agency's Stock
- WPP's stock crashed about 22% in the past year as clients axed their marketing budgets during the pandemic. But WPP's recent pivot to helping clients build ecommerce platforms has proven to be timely.
- 01/13/2021
|
These High-Yield Dividend Stocks Might Be in Trouble
- The 4% plus dividend yields available at these companies do not offset the structural challenges they are facing.
- 12/19/2020
|
Andrew Thorn Appointed EVP, Head of Planning for Ogilvy Health
- NEW YORK, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Ogilvy Health, part of Ogilvy (www.ogilvy.com), announced today that Andrew Thorn has joined the agency as EVP, Head of Planning. In this role, Andrew will be responsible for overseeing and managing Ogilvy Health's planning, strategy, analytics, and experience teams.
- 12/17/2020
|
WPP's consolidation spree continues
- Hi! Welcome to the Insider Advertising daily for November 17. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at LJohnson@businessinsider.com. First: We are looking for nominations for the hottest adtech companies of the year. Nominations are open until November 27.
- 11/16/2020
|
WPP will merge Grey and AKQA to streamline operations, the ad giant's third consolidation in two years
- Advertising giant WPP is merging its storied creative agency Grey Global Group with its digital advertising shop AKQA to form AKQA Group, with the Grey brand phasing out over time, per The Wall Street Journal.
- 11/13/2020
|
WPP Creates AKQA Group
- LONDON & NEW YORK--(BUSINESS WIRE)--WPP's AKQA and Grey are uniting to form a new network model, AKQA Group. Grey is renowned for creative storytelling and global brand-building at scale, while AKQA is celebrated for its world-class innovation and experience design skills. With heightened demand for digital transformation and technology-driven capabilities, the combination will create a powerful new proposition for clients as a leading creative solutions company with a worldwide footprint. The
- 11/11/2020
|
'Total transformation' throughout 2020 as e-commerce targets expand for clients: WPP CEO
- WPP CEO Mark Read discusses the company's Q3 performance along with its expansive outlook on future client digitization ahead.
- 10/29/2020
|
Walgreens Boots Alliance Renews and Extends Relationship with WPP to Accelerate Digital Transformation and Deep Focus on Communications
- DEERFIELD, Ill. & LONDON--(BUSINESS WIRE)--Walgreens Boots Alliance (Nasdaq: WBA) has selected WPP (NYSE: WPP) as its global marketing and communications agency. WPP will work with WBA to implement its integrated mass-personalization marketing strategy and reputation-management communications strategy in support of the company's strategic priorities. WPP was first appointed in 2017 as WBA's global marketing and communications agency. Following a six-month review initiated in May 2020, WBA and W
- 10/28/2020
|
Ogilvy Appoints Kate Cronin to Global Role as CEO of Ogilvy Health
- NEW YORK, Oct. 27, 2020 (GLOBE NEWSWIRE) -- Ogilvy announced today that Kate Cronin has been appointed Chief Executive Officer of Ogilvy Health. Effective immediately, Kate will be responsible for driving all aspects of Ogilvy Health's business globally. In this new global role, she will also serve as a member of Ogilvy's global leadership team.
- 10/27/2020
|
WPP appoints Dr. Ya-Qin Zhang to the Board
- NEW YORK & LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) today announces the appointment of Dr. Ya-Qin Zhang to its Board as a Non-Executive Director with effect from 1 January 2021. A world-renowned technologist, scientist and entrepreneur, Dr. Zhang served as President of Baidu Inc, the global internet services and AI company headquartered in Beijing, between 2014 and 2019. As President, he oversaw the company's overall technologies, emerging businesses and global operations. Prior to joining Baid
- 10/26/2020
|
