|Bid||1,019.00 x 0|
|Ask||1,019.00 x 0|
|Day's Range||1,016.00 - 1,031.86|
|52 Week Range||791.00 - 1,157.50|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||18.29|
|Earnings Date||Sep 2, 2019 - Sep 6, 2019|
|Forward Dividend & Yield||0.60 (5.86%)|
|1y Target Est||1,078.52|
Man Group, the world’s largest listed hedge fund group, is facing boardroom upheaval with one director resigning and the chairman considering quitting. Jonathan Sorrell, president and an executive director, has stepped down from the board ahead of moving to a new employer, Man said on Wednesday. Mr Sorrell is expected to take up a senior role in the asset management industry in London, said a person with knowledge of the situation.
Martin Sorrell’s digital marketing venture S4 Capital said it was on track to double in size organically by 2021 as it reported a jump in billings in the first half of the year. Sir Martin set up the venture in May 2018 just a month after being forced out of WPP, the advertising group he founded three decades earlier, following accusations of misconduct. “There is a long way to go before we’ll get worried,” he added, highlighting how S4’s strong growth had benefited from its “small beginnings”.
A global behemoth in advertising and public relations was able to grab 115,000 square feet in San Francisco's tight office market.
European shares slid on Friday with Italian stocks 2.5% lower on political uncertainty, while comments by U.S. President Donald Trump that he was not going to make a trade deal with China also weighed on sentiment. Italy's main index touched a two month low with its bank index tumbling 4.5% after the leader of the ruling League party, Matteo Salvini, pulled his support for the country's governing coalition on Thursday and called for fresh elections.
Advertising giant WPP has agreed to sell a 60% stake in data analytics arm Kantar to private equity firm Bain Capital, in a deal that values Kantar at about $4 billion and gives WPP funds for its turnaround plan. WPP, the owner of advertising agencies including Ogilvy and Wunderman Thompson, is in the midst of an overhaul following several profit warnings and the abrupt departure of founder Martin Sorrell over a complaint of misconduct, which he denies. WPP said proceeds from the deal, after tax and continuing investment in Kantar, were expected to be about $3.1 billion.
While not a mind-blowing move, it is good to see that the WPP plc (LON:WPP) share price has gained 16% in the last...