|Bid||62.79 x 800|
|Ask||69.26 x 800|
|Day's Range||63.62 - 64.11|
|52 Week Range||52.58 - 70.80|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||6.46|
|Forward Dividend & Yield||3.86 (6.06%)|
|Ex-Dividend Date||Oct 02, 2019|
|1y Target Est||59.00|
Shares in (PUB) Groupe rose as much as 4% on Thursday after the world’s third biggest advertising group by sales confirmed its outlook for 2020. The French ad giant behind marketing campaigns for companies including Coca-Cola (KO) and (OR) (LRLCY) has had a challenging year as clients tighten their budgets in a tough economic environment. Chief Executive Arthur Sadoun has been trying to offset the fall in traditional ad spending by reorganizing the business, including investing heavily in data capabilities and technology as spending moves online.
Ogilvy Health, part of Ogilvy (www.ogilvy.com), today announced Christine Baptista, Senior Art Director, and Gabrielle Maniscalco, Senior Account Executive, will both be named to the Medical Advertising Hall of Fame's (MAHF) 9th Future Famers Program at the annual awards dinner to be held tonight at the Pierre Hotel in New York. For more than two decades, the MAHF has recognized individuals who have made a lasting mark on healthcare advertising by inducting them into the Hall of Fame. The Future Famers Awards started in 2012 recognizing those industry veterans who are determined to leave their mark on the healthcare marketing industry.
Publicis, the world's third-biggest advertising group, said on Thursday that its fourth-quarter underlying sales fell 4.5% from a year earlier, as big clients continued to slash spending in a sector shaken up by the entry of U.S. tech giants. Organic growth for the 2019 full-year was down by 2.3%, in line with Publicis' own expectations, after having cut targets twice last year.
(Bloomberg Opinion) -- For Google, a partial voluntary breakup of its advertising business might be preferable to whatever regulators come up with on their own.Whenever people rattle off big tech deals whose regulatory approval was, in hindsight, a mistake, they tend to include the Alphabet Inc. unit’s $3.2 billion acquisition of DoubleClick in 2008. I’ve done it three times in the past 12 months — here, here and here — lumping it alongside Facebook Inc.’s deals for WhatsApp and Instagram on the antitrust wall of shame.So you can well imagine how, in one of those funky conference rooms at Google’s Mountain View, California, headquarters, divesting DoubleClick might emerge as a solution for the company’s growing antitrust woes. “If DoubleClick is the problem,” the argument goes, “why don’t we just sell DoubleClick?”Such informal conversations have taken place, according to a Wall Street Journal report on Wednesday. Except it’s not DoubleClick per se (Google rebranded the product in 2018) but part of its successor: what Google calls its third-party advertising business, which places ads on websites that Google doesn’t operate itself, such as a banner ad at the top of a news website.Selling a slice of its advertising technology operation would be a significant concession (a Google spokeswoman told the Journal it had no plans to exit the business). But selling the third-party business would not unravel Google’s dominant position in online ads. It and Facebook are the gatekeepers for some two-thirds of all online ad spending. That outlay totaled $295 billion globally last year, according to the World Advertising Research Council. Google itself hoovered up 46% of the spending, some of which gets forwarded to third parties. For example, when an ad runs during or before a video on YouTube, Google hands about 55% of the fee to the publisher.Google’s network members unit generated sales of $21.5 billion last year, the majority of which was most likely for third-party websites. For context, that’s 40% more than the trailing 12-month sales of WPP Plc, the world’s largest advertising agency. But as a proportion of the global total, it’s a drop in the ocean. The most valuable business for Google remains ads that appear in search results, which account for 73% of the firm’s total ad revenue. Besides, the value of commercials plastering every nook and cranny of the internet looks set to decline amid a crackdown on third-party cookies.The possible divestment was reported by the Journal as a response to the Justice Department’s antitrust probe, which is concentrating on Google’s adtech business. When it comes to conversations about eroding some of Google’s dominance, adtech is absolutely where the focus should lie rather than the consumer-facing offerings like Gmail, Google Maps, Search or YouTube. The area that warrants the closest examination is the control Google holds over so much of the real-time bidding process. That’s when brands bid against one another to place an ad in front of a user.The problem is that Google owns the biggest ad server, demand-side platform and sell-side platform. As I’ve written before, that’s akin to Sotheby’s being the auctioneer, the buyer’s agent and the seller’s agent. What’s more, because Google can choose whether to direct ads to its own platforms (like YouTube or Gmail) or others’ websites, it has the opportunity to direct advertising spending in a way that favors itself.Splitting off the third-party business might assuage some concerns, but the Justice Department doesn’t appear to be stopping there. It would do well to follow the lead of Britain’s Competition and Markets Authority, which highlighted how Google’s cost of capital was around 9% in 2018 but its returns were more than 40%. “This evidence is consistent with the exploitations of market power,” the regulator said in an interim report published in December. It floated a “separation of the ad server from the rest of Google’s business.”While differences in antitrust law mean it may be easier to tackle those concerns in Europe than in the U.S., according to Bloomberg Intelligence analysts Jennifer Rie and Aitor Ortiz, regulators seem to be moving in the right direction. And the fact that some within Google are even considering divestments as a concession shows how seriously it’s taking the threat. Getting ahead of the problem is always better than trying to fight something worse later. To contact the author of this story: Alex Webb at firstname.lastname@example.orgTo contact the editor responsible for this story: Daniel Niemi at email@example.comThis column does not necessarily reflect the opinion of 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/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
This year—with a U.S. presidential election and a Summer Olympics—should be a good one for advertising. Still, companies like Interpublic and Omnicom need to show stronger results.
(Bloomberg Opinion) -- Almost a year since competition authorities dealt a mortal blow to J Sainsbury Plc’s $9.1 billion plan to buy Walmart Inc.’s Asda, Mike Coupe is stepping down as chief executive officer of Britain’s second-largest supermarket chain. He’s been at the helm for almost six years and will be 60 in September, so it’s a natural time to hang up his grocer’s apron.But Coupe’s departure looked inevitable once the Asda combination collapsed. Whether or not Sainsbury mishandled the competition risks, for any CEO, grinding out growth in a sluggish market is far less exciting than pulling off an audacious deal.The choice of Simon Roberts, currently retail and operations director, to succeed him is a surprising one given that his most recent experience before Sainsbury wasn’t in food retail, and he’s a relatively new arrival at the group. Sainsbury’s former finance director, John Rogers, was widely seen as Coupe’s heir apparent, until he left for advertising company WPP Plc in October. This may explain his departure. Roberts, 48, is a hands-on shopkeeper. He spent 15 years at Marks & Spencer Group Plc and 13 years at Walgreens Boots Alliance Inc. before joining Sainsbury two and half years ago. But the changes that Sainsbury has made to its stores since then haven’t always gone smoothly. A management overhaul in 2018 led to empty shelves and unkempt shops. In a fast-changing retail market, executives need to augment operational expertise with strategic vision. It’s not yet clear that Roberts has that.It’s interesting that Britain’s two biggest supermarkets, Tesco Plc and Sainsbury, will be led by executives who spent many years at pharmacy retailer Boots. Perhaps it’s replacing Asda as the training ground for top executives. It may be that working for Walgreens CEO Stefano Pessina, who’s known for not suffering fools gladly, is the perfect preparation for taking on difficult challenges — even the brutal U.K. supermarket business.Roberts will need all of the skills he honed under the Italian dealmaker to keep Sainsbury on track. First of all, he must continue to battle the company’s other major rivals which make up the U.K.’s Big Four grocers — Tesco, Asda and Wm Morrison Supermarkets Plc. And he must defend Sainsbury from the U.K. arms of the German discounters, Aldi and Lidl, which are increasingly forging into Sainsbury’s heartland in the south eastern U.K. Coupe did a good job cutting Sainsbury’s prices on everyday items. Roberts must continue this. For a while in 2018 and early 2019, after the damaging store-management overhaul, sales growth slipped behind that of rivals. Sainsbury was beginning to look like the sick grocer from which everyone else was seeking to steal market share. Its sales have recovered since, but Roberts must maintain that momentum.Secondly, Sainsbury must get Argos, the catalog retailer that Coupe acquired four years ago, back on track. The business, which sells everything from toys to tents, had a poor Christmas. In order to defend itself from the mighty Amazon.com Inc., it must better exploit its combination of online presence and bricks-and-mortar stores, as well as ensure its prices are right. On Tuesday, Sainsbury announced it would further integrate Argos into Sainsbury, axing hundreds of management jobs and cutting costs as it merges divisions including commercial retail and finance. This program must be managed without disruption.If all of this doesn’t go to plan, there is always the risk that Sainsbury, perennially tipped as a takeover target, could finally attract the attentions of a bidder. No one can fault Coupe for his bold decisions. In an environment where just keeping your head above water is hard enough, he was prepared to make daring moves. Unfortunately, they didn’t always pay off.To contact the author of this story: Andrea Felsted at firstname.lastname@example.orgTo contact the editor responsible for this story: Melissa Pozsgay at email@example.comThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
WPP (NYSE: WPP) was today named in the 2020 Bloomberg Gender-Equality Index (GEI) for the second year running.
WPP (NYSE: WPP) will be holding a briefing for investors and analysts at 8.30am GMT today at its London campus, Sea Containers House. The briefing will focus on how technology is shaping our strategy and our offer for clients. A live webcast of the plenary presentation will be available on the WPP investor website (www.wpp.com/investors) where it will remain available for replay.
John Patroulis, Worldwide Chief Creative Officer of Grey, today announced that Justine Armour is joining the agency's New York flagship office as Chief Creative Officer.
D.C.-based digital strategy and marketing agency iStrategyLabs — a subsidiary of Wunderman Thompson, which is in turn a subsidiary of international advertising firm WPP PLC — is closing at the end of the year. The closure, first reported by Business Insider, is part of a larger consolidation by Wunderman Thompson and WPP, which also closed Atlanta-based marketing agency JWT Inside, according to the report. As part of this move, all D.C. employees are being let go and iStrategyLabs' office at 641 S St. NW will close by the end of the year, according to Peter Corbett, the company's former CEO and founder.
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.
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 […]
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.
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.
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.