|Bid||1,350.00 x 593300|
|Ask||1,395.00 x 208500|
|Day's Range||1,355.00 - 1,387.00|
|52 Week Range||1,345.00 - 1,928.07|
|PE Ratio (TTM)||10.04|
|Earnings Date||Aug 21, 2017 - Aug 31, 2017|
|Forward Dividend & Yield||0.96 (5.19%)|
|1y Target Est||1,726.81|
Shares in WPP (WPP.L) fell more than three percent on Thursday on a triple whammy of bad news for the world's biggest advertising group, less than two months after it issued a major profit warning. WPP, run by high-profile executive Martin Sorrell, sent shockwaves through the industry in August when it cut its sales target after consumer goods giants curbed spending, prompting its shares to fall 11 percent and record their worst day of trading in 19 years. The British company's stock fell 3 percent on Thursday after smaller rival Publicis (PUBP.PA) posted third-quarter sales below forecasts and said the market remained challenging, sending its shares down 7 percent.
LONDON (Reuters) - European pay-TV group Sky (SKYB.L) has launched a review of how it places and plans advertising, its first review in 13 years that could shake up which agencies it employs. Sky, one ...
HONG KONG/TOKYO (Reuters) - Bain Capital defended its $1.35 billion (£1 billion) offer to buy Asatsu-DK Inc (9747.T) on Wednesday as shareholder opposition to the deal grew, saying the offer is "fully priced". Hong Kong-based activist hedge fund Oasis Management Company and other shareholders of Japan's third-largest advertising agency have said the offer is too low. Asatsu-DK's two largest shareholders, global advertising giant WPP (WPP.L) and London-based fund manager Silchester International, have also said the offer significantly undervalues the company and they have called for competing bids.
HONG KONG/TOKYO, Oct 18 (Reuters) - Bain Capital defended its $1.35 billion offer to buy Asatsu-DK Inc on Wednesday as shareholder opposition to the deal grew, saying the offer is "fully priced". Hong Kong-based activist hedge fund Oasis Management Company and other shareholders of Japan's third-largest advertising agency have said the offer is too low.
Asatsu-DK Inc.’s chief executive officer said he is determined to sever an alliance with top stockholder WPP Plc, seven months after the world’s largest advertising agency called on share owners to vote ...
New York state's attorney-general is investigating Deloitte over a cyber attack disclosed by the accounting firm last month even as it peddled expert advice on cyber security. The investigation comes one ...
WPP has hit back at its long-term Japanese partner's defence of a planned sale to Bain Capital, in a statement that questions whether board members at Japan's third largest advertising agency have prioritised ...
WPP, the world's biggest advertising agency, on Thursday stepped up its efforts to stop U.S. private equity firm Bain Capital from buying Japan's Asatsu-DK Inc, saying the offer significantly undervalued its stake in the firm. Bain announced an agreed deal to buy Japan's third-largest advertising agency this month for $1.35 billion, marking a 15.4 percent premium over the day before it was announced. However the news triggered a backlash from WPP, which owns a 24.96 percent stake in Asatsu-DK.
British Prime Minister Theresa May will meet business leaders next week to discuss Britain's departure from the European Union, her office said on Friday, after a former party chairman said there was a plot to topple her. A quarterly meeting with businesses including HSBC, Morgan Stanley, Vodafone and WPP to discuss Brexit will go ahead on Monday as usual, a spokeswoman for May's office said. "The Business Advisory Council is an important part of our preparations for leaving the EU – allowing us to seek the views of experienced business leaders and to share with them the government’s vision for a successful Brexit," May said in an emailed statement.
TOKYO (Reuters) - U.S. private equity firm Bain Capital LP's $1.35 billion (£1.02 billion) offer to buy Japan's third-largest advertising agency Asatsu-DK Inc (9747.T) is too low, its second-largest shareholder ...
Investors are reckoning that opposition by WPP could force Bain to raise its offer, said a Japanese securities industry insider.
U.S. private equity firm Bain Capital aims to buy Japan's third-largest advertising agency, Asatsu-DK Inc (9747.T), for 152 billion yen (1.01 billion pounds)in one of the largest buyouts in Japan this year, it said on Monday. Bain plans to buy all of Asatsu-DK's shares from existing holders, including top shareholder WPP (WPP.L), for 3,660 yen a share, a 15.4 percent premium over Monday's close. The private equity firm said it would launch a tender offer on Tuesday and plans to delist the company.
WPP plc (LSE:WPP) is currently trading at a trailing P/E of 9.9x, which is lower than the industry average of 24x. While WPP might seem like an attractive stock toRead More...
Growth in North American advertising spending in 2017 is being lifted by Canada's buoyant economy and is outpacing growth in Western and Central Europe where Britain's political and economic uncertainty has weighed, a leading forecaster said. Zenith, owned by France's Publicis, forecast growth of 3.6 percent in North American advertising spending in 2017 and an average of 3.4 percent a year 2019. A slowdown in Britain would drag down spending growth in Western and Central Europe to 2 percent in 2017 from 3.9 percent last year, Zenith said, adding it expected average annual growth in the region of 2.6 percent to 2019.
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Advertising company WPP PLC said Wednesday that it will acquire a minority stake in U.S. podcasting company Gimlet Media Inc. for $5 million.
Investing.com - European stocks opened higher on Wednesday, as concerns over tensions between North Korea and the U.S. began to subside and demand for the riskier assets found fresh support.
Disappointing results from ad holding companies like WPP have shed a light on the pressure agencies are facing to evolve their existing structures.