WPP - WPP plc

NYSE - NYSE Delayed Price. Currency in USD
63.09
-0.42 (-0.66%)
At close: 4:02PM EST

63.09 0.00 (0.00%)
After hours: 4:17PM EST

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Previous Close63.51
Open63.17
Bid63.03 x 1000
Ask63.13 x 2200
Day's Range63.06 - 63.45
52 Week Range50.91 - 65.13
Volume102,191
Avg. Volume137,404
Market Cap16B
Beta (3Y Monthly)0.72
PE Ratio (TTM)6.38
EPS (TTM)9.89
Earnings DateN/A
Forward Dividend & Yield3.86 (6.08%)
Ex-Dividend Date2019-10-03
1y Target Est62.00
  • Business Wire

    Completion of Kantar transaction

    WPP (NYSE:WPP) today announces that it has completed the transaction to sell 60% of Kantar, its global data, research, consulting and analytics business, to Bain Capital Private Equity, with respect to approximately 90% of the Kantar business, and that the proportionate transaction proceeds have been received.

  • Ad agency founded by Britain’s ‘Mad Men’ issues profit warning, sending shares plunging 46%
    MarketWatch

    Ad agency founded by Britain’s ‘Mad Men’ issues profit warning, sending shares plunging 46%

    M&C Saatchi stock plunged on Wednesday after the world’s largest independent ad agency issued a profit warning and revealed its accounting scandal would have a greater impact.

  • Is WPP plc (WPP) Going to Burn These Hedge Funds?
    Insider Monkey

    Is WPP plc (WPP) Going to Burn These Hedge Funds?

    Before we spend days researching a stock idea we like to take a look at how hedge funds and billionaire investors recently traded that stock. Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 10 percentage points since the end of the third quarter of 2018. This means hedge funds […]

  • Here's What WPP plc's (LON:WPP) P/E Ratio Is Telling Us
    Simply Wall St.

    Here's What WPP plc's (LON:WPP) P/E Ratio Is Telling Us

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...

  • Business Wire

    WPP to Invest in New Detroit Campus as Part of Its Commitment to the City

    WPP (WPP) has announced that it will create a Campus in the historic Marquette Building in downtown Detroit. The Detroit Campus will accommodate up to 1,000 of WPP’s people, bringing together its agencies in the city including GTB, VMLY&R, Burrows, Hudson Rouge, Iconmobile, Xaxis and Zubi. WPP’s Campus will be near Ford’s own planned campus in the Corktown district of Detroit.

  • Bloomberg

    Prince Andrew Opens the Door to a Slimmed-Down Monarchy

    (Bloomberg Opinion) -- Prince Andrew’s BBC interview about his ties to Jeffrey Epstein was excruciating to watch — especially, no doubt, for the victims of the deceased financier. It was so bad that he may unwittingly have provided the next generation of Britain’s monarchy the justification to streamline.The Duke of York’s effort to explain his friendship with the convicted pedophile came across as insensitive, ignorant, pig-headed and out of touch. He revealed a litany of shortcomings longer than his official title(1), neglecting to express a shred of sympathy for Epstein’s targets. The prince’s strong denial of claims that he’d had sex with one of the hedge fund manager’s alleged teenage trafficking victims was accompanied by strange details about his inability to sweat and his visit to a Pizza Express restaurant.His troubles will probably accelerate a process that his elder brother Charles has been pushing for years: the drive for a leaner Royal Family. By focusing on a core group of royals in the direct line of succession, this thinking goes, the monarchy would be better able to sidestep concerns about lavish use of public funds when so many ordinary British families are being squeezed beyond endurance. It might also prevent errant royals from publicly pursuing their own course at a time when an ageing Queen Elizabeth II may be less able to keep her clan in check.Andrew’s situation potentially has echoes in the business world, where an executive’s missteps can accelerate an ouster already in the works. Carlos Ghosn was pushed out of Nissan Motor Co. and Renault SA over allegations of improper use of funds, just as Japanese powerbrokers feared he was going to engineer a merger of the two firms. Martin Sorrell stepped down as chief executive of WPP Plc last year amid investigations into personal misconduct, just as concerns were mounting about his management of the firm. Both deny the allegations.Evidence of Charles’s efforts to forge a “slimmed-down monarchy,” as the Daily Mail newspaper called it, first surfaced at the Queen’s Diamond Jubilee celebrations in 2012. The main participants in the festivities were the Queen herself, Prince Charles and his wife the Duchess of Cornwall, Prince William and his spouse the Duchess of Cambridge, and Prince Harry. Just those five royals stood alongside the Queen on the balcony of Buckingham Palace to take in the climactic fly-past by the Royal Air Force. A decade previously, at the Golden Jubilee, some two-dozen filled the balcony.Unlike his sister Princess Anne, who sought no titles or royal roles for her own progeny, Prince Andrew’s two daughters were made princesses, and he’s reportedly been eager for them to have royal roles and residences. Andrew’s association with Epstein, which he said had provided opportunities “to learn,” appears to have accelerated his marginalization even without the direct intervention of his elder brother or mother. KPMG has already dropped sponsorship of the Duke of York’s entrepreneurship initiative, while students at England’s University of Huddersfield passed a motion on Monday lobbying him to resign the institution’s chancellorship. A charity of which he is patron, the Outward Bound Trust, plans to discuss “the issues raised” by the interview.Unlike a business executive, the prince can’t exactly step down, nor is it likely that his titles would be taken from him should he be caught up in the ongoing legal fallout from the Epstein case. But if he takes on fewer public roles, he’ll be eligible for less financial support from the Sovereign Grant: a pot of public money that helps fund the work the royals do on behalf of the nation. The monarchy doesn’t execute its family members these days, but Andrew has offered his critics plenty of rope.(1) His Royal Highness The Prince Andrew Albert Christian Edward, Duke of York, Earl of Inverness, Baron Killyleagh, Knight Companion of the Most Noble Order of the Garter, Knight Grand Cross of the Royal Victorian Order, Canadian Forces Decoration, Aide-de-Camp to Her Majesty.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • GlobeNewswire

    Toby Trygg Joins Ogilvy Health as Executive Creative Director

    Ogilvy Health, part of Ogilvy (www.ogilvy.com), today announced Toby Trygg, has rejoined the Ogilvy network as Executive Creative Director, where he will lead the creative teams at Ogilvy Health’s New York office. Mr. Trygg, who began his career more than 20 years ago at Ogilvy as an Art Director, comes to Ogilvy Health from McCann Health, where he held the post of SVP, Group Creative Director. Mr. Trygg brings a truly multidisciplinary approach and disruptive thinking to Ogilvy Health.

  • Bloomberg

    TikTok Is Aiming at a Bigger Audience Than U.S. Senators

    (Bloomberg Opinion) -- As U.S. political opposition hardens to TikTok, the globally popular video app from Beijing-based ByteDance Inc., some inside the company want to find ways to make the business appear to be less Chinese. That’s a smart move, aimed less at critics in Congress and more at two other East Coast power centers: Madison Avenue and Wall Street.TikTok delivers short, user-generated videos to international audiences. A Chinese version, called Douyin, looks and functions similarly but is focused on domestic users. The company has been reducing the amount of content from China that appears on the broader service, the Wall Street Journal reported Monday. The idea is to give TikTok a more independent, internationally focused business. Talk of a rebrand comes amid a U.S. foreign-investment review and criticism over the user data that TikTok gathers. Prominent U.S. senators have accused the company of censoring content on behalf of the Chinese government and called for a national security review into its 2017 purchase of social-media company Musical.ly. While founded in Shanghai, Musical.ly had an office in California. It was merged into TikTok in 2018, a move that helped it gain more than 100 million app downloads in the U.S.One of the senators, Josh Hawley, tweeted after the WSJ report that TikTok “doesn’t need a rebrand, it needs to sever ties with China.” He’s currently the youngest senator, at 39 around a quarter-century older than Tik Tok’s core demographic. Yet he isn’t the target audience for ByteDance’s efforts.For TikTok to be a true success, it needs to appeal to the likes of Nike, Coca-Cola and McDonald’s. Its advertising business is ready to take off because it has direct access to that all-powerful youth demographic. Yet big corporate names tend to be wary of risking their brands on a new content service. Allegations that TikTok is a tool for Chinese authoritarianism and censorship make it harder for ad execs to sell.Martin Sorrell, founder of the world’s largest advertising firm, WPP Plc, is among those who see big money to be made from TikTok, especially as an opportunity to reach teenagers, he told Bloomberg. Sorrell also believes ByteDance should “probably not” be subject to a review by the interagency Committee on Foreign Investment in the U.S., which is chaired by the Commerce Department.With a valuation of $75 billion, ByteDance is the world’s most valuable startup and counts SoftBank Group Corp. and Sequoia Capital among its shareholders, according to CB Insights. For those investors to cash out, ByteDance will need to list on an international bourse — Hong Kong and New York are leading contenders.  ByteDance executives want to build up its international operations before considering an international public offering, Bloomberg wrote last month, after reports it plans an imminent Hong Kong listing. It has hired chiefs for its businesses in the U.S. and India and plans to expand in Australia and Europe. Doing so would help sell the idea that TikTok is not a Chinese content platform.That would simplify making TikTok a separate entity, which ByteDance could then list at a lower and more easily digested market valuation. It could also make it easier to keep the core business — including Douyin and news aggregator Toutiao — close to home, remaining under Beijing’s watchful eye.For such a spinoff to happen, TikTok has to be seen as a viable international company free from censorship and spying. It’s a business case as much as a political one.To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Reuters

    UPDATE 1-Warburg Pincus sells airline services firm Accelya to Vista

    U.S. buyout fund Warburg Pincus said on Monday that it had clinched a deal to sell its European airline services firm Accelya to rival private equity fund Vista Equity Partners for an undisclosed amount. The deal, which was first reported by Reuters, allows Warburg Pincus to fully cash out after backing the Barcelona-based company for the past two years. The U.S. investment firm launched an auction process during the summer to find a new owner for the business which serves more than 200 airlines including British Airways, Lufthansa and EasyJet.

  • PR Newswire

    WPP's Geometry Expands Creative Leadership With Arrival of Till Hohmann as Chief Creative Officer, Europe, Middle East & Africa

    LONDON, Nov. 15, 2019 /PRNewswire/ -- Geometry, WPP's End-to-End Creative Commerce agency, has announced the appointment of Till Hohmann as Chief Creative Officer Geometry Europe, Middle East & Africa. As part of a planned succession, Howard Smiedt, former CCO Geometry EMEA becomes EMEA Creative Chairman, partnering with Hohmann to accelerate Geometry's creative commerce culture and offering.

  • Business Wire

    WPP Opens New La Matriz Campus in Madrid

    Mark Read, CEO of WPP (WPP), today officially opened La Matriz, the company’s new campus in Spain, at an event attended by more than 100 business leaders, the acting Spokeswoman for the Government of Spain and Minister of Education, Isabel Celaá, and the Secretary of State for Press, Miguel Ángel Oliver. As its largest European campus to date, La Matriz demonstrates WPP’s continued investment and commitment to the Spanish market – one of WPP’s top 10 markets globally – the country’s marketing and communications industry, and its creative talent. Located in Madrid, it is a unique co-creation space offering all communications disciplines under one roof and providing the innovation, strategy, technology and creativity required by modern marketers.

  • Business Wire

    WPP Awarded AXA Global Media Account

    Wavemaker and GroupM to handle the account in close to 30 markets as WPP becomes one of AXA’s largest marketing services partners

  • 6 Companies Growing Earnings
    GuruFocus.com

    6 Companies Growing Earnings

    Centene tops the list Continue reading...

  • Business Wire

    WPP Third Quarter Trading Update1

    Improved performance in Q3; LFL revenue less pass-through costs +0.5% ; full-year guidance reiterated

  • WPP comparable sales rise as advertising backs 2019 guidance
    MarketWatch

    WPP comparable sales rise as advertising backs 2019 guidance

    The world's largest advertising group said like-for-like net sales — a closely-watched measurement of its underlying performance — in North America fell 3.5% for the quarter to Sept. 30. Consensus net sales forecast was for a fall of 0.6%, supplied by the company.

  • GlobeNewswire

    Ogilvy Health’s Catherine Goss honored as a 2019 Agency Vanguard Award Winner

    NEW YORK, Oct. 24, 2019 -- Ogilvy Health, part of Ogilvy (www.ogilvy.com), today announced that Catherine Goss, EVP, Client Engagement Lead, was honored as one of the elite.

  • Did WPP plc (LON:WPP) Insiders Buy Up More Shares?
    Simply Wall St.

    Did WPP plc (LON:WPP) Insiders Buy Up More Shares?

    We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...

  • Business Wire

    BCW Introduces BCW Eventus™, A Holistic Offering Serving Global Sporting Events

    BCW (Burson Cohn & Wolfe), a leading global communications agency, today introduced BCW EventusTM, an end-to-end offering from the BCW Sports practice that brings marquee global sporting events to life for governing bodies, host cities, brand sponsors, commercial partners and fans. “Major sporting events are a fantastic platform for communicating exciting, emotional and engaging stories to the world,” said Donna Imperato, Global CEO, BCW.

  • Kenny Gold Promoted to SVP/Director of Social Media, Grey North America
    PR Newswire

    Kenny Gold Promoted to SVP/Director of Social Media, Grey North America

    NEW YORK, Oct. 10, 2019 /PRNewswire/ -- Dan Bennett, Worldwide Chief Innovation Officer, Grey Group, today announced the promotion of Kenny Gold to SVP, Director of Social Media for Grey North America.

  • Reuters

    UPDATE 2-Sorrell buys Silicon Valley's Firewood in pursuit of red-hot digital growth

    Martin Sorrell's S4 Capital has bought Silicon Valley's biggest independent agency, Firewood, for $150 million in its latest deal to form a purely digital global advertising firm. The world's best-known advertising boss is building up the new venture following his departure from ad giant WPP, sealing deals for digital content that runs on platforms like Facebook and Google, and the automated placing of ads online. Sorrell said digital growth was "on fire" and his focus on it meant he was currently involved in five large pitches.

  • Moody's

    Summer (BC) Holdco B S.a r.l. -- Moody's assigns B1 rating to the Senior Secured Notes Issued by Summer (BC) Holdco B S.a r.l. and Caa1 to the Senior Unsecured Notes Issued By Summer (BC) Holdco A S.a r.l.; Outlook is stable

    Rating Action: Moody's assigns B1 rating to the Senior Secured Notes Issued by Summer (BC) Holdco B S.a r.l. London, 07 October 2019 -- Moody's Investors Service ("Moody's") has today assigned a B1 rating to the USD250 million equivalent EUR senior secured notes (due 2026) being issued by Summer (BC) Holdco B S.à r.l.

  • Sorrell's Successor Is Still Seeking His Own Recipe for WPP
    Bloomberg

    Sorrell's Successor Is Still Seeking His Own Recipe for WPP

    (Bloomberg Opinion) -- In the glossary of business jargon there’s a term beloved by financial analysts but that journalists find especially grating: the “equity story.”It’s the sort of non-speak that can be explained far more simply: Why should you invest in a given company? That’s something that WPP Plc Chief Executive Officer Mark Read, an operations guy, has yet to answer adequately when it comes to the firm he took over a year ago from Martin Sorrell, something of a finance wonk.The task should sit at the top of priorities for John Rogers, the retail executive appointed as WPP’s new finance chief on Tuesday. That’s not to say that Read hasn’t been busy since taking the helm of the world’s largest advertising holding company. He’s clinched deals to sell assets worth 3.6 billion pounds ($4.4 billion), merged divisions to cut costs and improve efficiency, and stanched some of the revenue declines in North America. The share price has recovered to outperform archrival Publicis Groupe SA since Read announced 2021 growth targets in December.But the London-based company’s shares are still trailing its other major peers — Omnicom Group, Interpublic Group and Dentsu Inc. — when compared to expectations for earnings a year out. Investors are hungry to understand just how WPP’s new guard will translate all of that action into solid, durable growth.Read’s predecessor Sorrell had a seemingly straightforward formula to deliver just that. He promised investors annual earnings per share growth of between 5% and 10%, a pledge he tended to keep until recent years. He did so with a personal recipe of strict targets for organic revenue growth, profitability improvements, stock buybacks and acquisitions and a little sugar on top, a 50% dividend payout ratio. The approach kept shareholders happy and the stock steadily ticking upwards for years.Echoing that formula isn’t realistic in the current era. A shift toward digital marketing on platforms such as Google and Facebook and the incursion of consultancies into the advertising market means dependable revenue growth is far harder to realize. And knuckling down on costs can make it yet harder still. In an attempt to keep the focus clear, Read changed WPP’s bonus policy to place greater emphasis on sales growth than profitability improvements.Rogers, who will join from U.K. grocer J Sainsbury Plc where he had been CFO for 6 years, has a difficult act to follow at WPP. Paul Richardson had a lower public profile than Sorrell, but he led WPP’s finance operations for 23 years. The firm generated an average return of 10% a year in that period.Rogers’s more recent background running Sainsbury’s Argos general-merchandise retail division, which it acquired in 2016, should serve him well, according to media consultant Alex DeGroote. It’s given him valuable experience integrating businesses and managing a vast property portfolio. But a lack of experience in the advertising industry and in North America mean he’s unlikely to be tasked with fixing WPP’s operations in the U.S. and Canada, where revenue declines have dragged down the rest of WPP.His main role will therefore be to help Read crystallize a realistic vision for the company that can reinvigorate investors. Optimism is currently muted: analysts’ average 12-month target price is just 8% above the level at which WPP is currently trading. If Read is making the necessary operational improvements, Rogers needs to help turn that into a better story.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Business Wire

    WPP Appoints John Rogers as Chief Financial Officer

    WPP (WPP) today announces the appointment of John Rogers as Chief Financial Officer. John is currently Chief Executive Officer of Sainsbury’s Argos, where he has overseen the digital transformation of one of the UK’s leading technology-driven businesses. He was Chief Financial Officer of J Sainsbury plc from 2010 to 2016, responsible for business strategy, new business development, Sainsbury’s Online, operational efficiency and Sainsbury’s Bank, in addition to core finance functions.