|Bid||950.80 x 593300|
|Ask||951.20 x 208500|
|Day's Range||948.80 - 960.60|
|52 Week Range||791.00 - 1,323.50|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||11.29|
|Earnings Date||Feb 27, 2019 - Mar 4, 2019|
|Forward Dividend & Yield||0.60 (6.27%)|
|1y Target Est||1,078.52|
Private equity fund Vista Equity Partners has emerged as one of four U.S. bidders vying for a majority stake in WPP's data analytics firm Kantar, two sources close to the deal told Reuters. The world's biggest advertising company and its adviser Goldman Sachs are hoping to wrap up the process in late June and have given Vista access to Kantar's books to carry out due diligence checks, the sources said. Vista, whose private-equity portfolio comprises of mostly software companies, bought U.S. technology firm Apptio last year in a $1.94 billion cash deal.
Martin Sorrell’s new marketing venture faces a potential shareholder revolt at its first annual meeting later this month, after a pair of influential proxy advisory groups criticised its complex long-term bonus scheme. Glass Lewis and Institutional Shareholder Services, the two largest proxy advisers, have both urged investors to reject S4 Capital’s pay policy. S4 has said its policy is to combine below-average salaries with generous incentive payments to encourage long-term performance from top executives, but Glass Lewis said it had “a number of concerns” about S4’s arrangements.
WPP has shortlisted a series of U.S. buyout funds to submit binding bids for a majority stake in its data analytics unit Kantar as it wants to finalise the sale in late June, four sources familiar with the matter told Reuters. Private equity firms Bain Capital, Apollo and Platinum have made it through to the final stages of the auction along with a fourth undisclosed bidder, the sources said. The world's biggest advertising company held management presentations with the bidders on May 15, one of the sources said, and aims to wrap up the process towards the end of June.
Roland Rudd has approached WPP about a possible management buyout of Finsbury, the corporate communications firm he founded, said people familiar with the matter. Mr Rudd, whose firm competes against rival Brunswick to represent FTSE 100 companies and multinational businesses, has held discussions in recent weeks with Finsbury partners and with directors at WPP about how such a deal may work, said three people with knowledge of the matter. One person close to the talks said the business would be valued at more than £100m and that Mr Rudd and his partners would need to raise a large proportion of outside capital to finance a buyout from WPP.
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The private equity firms are among bidders who have moved into the next round of the auction after other parties including CVC Capital Partners and Apax Partners dropped out, said the people, who asked not to be identified because discussions are private. Representatives for Bain, Apollo, CVC and Apax declined to comment.
The world's biggest advertising company WPP suffered a sharp drop in first-quarter underlying sales in North America as the loss of work from clients such as Ford took a toll on its most important market. WPP, led by company veteran Mark Read following last year's departure of founder Martin Sorrell, said its U.S. performance was disappointing but in line with expectations. WPP, the owner of agencies including JWT and Ogilvy, is in the middle of an overhaul following several profit warnings in 2017 and 2018 and the turmoil linked to Sorrell's abrupt departure over a complaint of misconduct, which he denied.
ADVERTISING giant WPP today posted falling sales after suffering blue-chip client losses, while ousted former CEO Sir Martin Sorrell stepped up his wheeller-dealing. The ad giant — now describing itself as a “creative transformation company” — saw sales in the first quarter down 8.5% in the first quarter. The loss of accounts from Ford, American Express, HSBC and some big pharma companies were behind the falls, leaving chief executive Mark Read facing “a challenging year”.
(Bloomberg) -- Advertising giant WPP Plc reported a fall in first-quarter sales after its agencies in North America lost work with top clients, in another reminder of the challenge facing Chief Executive Officer Mark Read. Revenue less pass-through costs, WPP’s measure of organic sales growth, fell 2.8 percent, the London-based company said in a statement Friday, in line with the average estimate in a company-compiled survey of 14 analysts.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at WPP plc's (LON:WPP) P/E ratio and reflect on what it tells us about the company's share price. Looking at earnings o...
WPP has attracted at least five of the world's biggest private equity firms into an auction for a majority stake in its data analytics unit Kantar ahead of a deadline for indicative bids on Apr. 17, sources told Reuters. U.S. private equity funds Bain Capital and Apollo are putting the finishing touches to their rival bids and will compete with European funds CVC Capital Partners, Permira and Apax. The bidding field includes two other private equity investors, one of the sources said, without naming them.
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Annaly Capital Management Inc. (NLY), WPP PLC (WPP), Goodyear Tire & Rubber Co. (GT), and CenturyLink Inc. (CTL) have declined to their respective three-year lows.
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