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WPP


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UK Stocks-Factors to watch on Feb. 22

UPDATE 1-UK Stocks-Factors to watch on Feb. 22 Updates futures, Adds news items Feb 22 - Britain's FTSE 100 .FTSE index opened 0.37% higher on Thursday . * Rolls Royce: RR.L said annual profit more than doubled last year, beating consensus, and it forecast a further jump in 2024 as aircrafts powered by engines fly more, defence orders flow and data centre demand rises.
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WPP CEO: U.S. clients starting to feel a 'little bit more positive'

BRIEF-WPP CEO: U.S. clients starting to feel a 'little bit more positive' Feb 22 (Reuters) - WPP PLC WPP.L : CEO SAYS WE SEE THE MACRO ENVIRONMENT BEING MORE SUPPORTIVE, BUT AGAINST A BACKDROP OF SOME CLIENTS DECISIONS MADE LAST YEAR CEO: WE EXPECT TO SEE CONTINUED INVESTMENT FROM FMCG CLIENTS AS THEY SHIFT FROM DRIVING PRICE TO DRIVING VOLUME CEO: CLIENTS ARE STARTING TO 'FEEL A LITTLE BIT MORE POSITIVE' IN THE UNITED STATES CEO SAYS WEAKNESS IN U.S.
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WPP sees signs of optimism among key U.S. clients

UPDATE 2-WPP sees signs of optimism among key U.S. clients WPP's organic like-for-like revenue rose by expected 0.9% Sees flat to 1% growth this year, margin improvement CEO seeing signs of U.S. optimism, but no quick fix Adds new CEO comments in paragraphs 6-7, 10-11, shares in paragraph 8 By Paul Sandle LONDON, Feb 22 (Reuters) - WPP WPP.L , the advertising group that owns Ogilvy and GroupM, said clients in the United States were starting to feel more positive but it would see little or no ups
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WPP reports 0.3% rise in Q4 organic revenue despite U.S. weakness

WPP reports 0.3% rise in Q4 organic revenue despite U.S. weakness LONDON, Feb 22 (Reuters) - WPP WPP.L , the advertising group that owns Ogilvy and GroupM, said like-for-like revenue less pass-through costs rose 0.3% in the final quarter, as weak spending by U.S. tech, healthcare and retail clients held back growth in Britain and India. The British company on Thursday reported a 0.9% like-for-like rise in its key revenue metric for the full-year to 11.86 billion pounds ($15 billion), in line wit
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UK Stocks-Factors to watch on Feb. 22

UK Stocks-Factors to watch on Feb. 22 Feb 22 - Britain's FTSE 100 .FTSE index is seen opening up on Thursday, with futures FFIc1 up 0.32%. * BP: BP BP.L plans to return its 435,000 barrel-per-day Whiting, Indiana refinery, the largest in the U.S. Midwest, to full production in March , people familiar with the plant operations said. * FRASERS: Morgan Stanley MS.N used an "unrealistic" and "inappropriate" near $1 billion margin call to force trades held by retail tycoon Mike Ashley's Frasers group
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UK corporate earnings week ahead

DIARY-UK corporate earnings week ahead Feb 16 (Reuters) - Diary of U.K (.FTSE) corporate earnings for the week ahead UK EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 20-Feb-2024 07:00 ANTO.L Antofagasta PLC Full Year 2023 Antofagasta PLC Earnings Release 20-Feb-2024 NTS BARC.L Barclays PLC Full Year 2023 Barclays PLC Earnings Release 20-Feb-2024 07:00 IHG.L InterContinental Hotels Group PLC Full Year 2023 InterContinental Hotels Group PLC Earnings Release 21-Feb-2024 NTS BAES.
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Publicis lead over WPP looks hard to overturn

BREAKINGVIEWS-Publicis lead over WPP looks hard to overturn The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Oliver Taslic LONDON, Feb 8 (Reuters Breakingviews) - “Senator, we run ads,” a bemused Mark Zuckerberg once explained after a U.S. politician grilled him on how Facebook makes money despite being free.
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WPP Invests In German Agency SO Digital

BRIEF-WPP Invests In German Agency OH-SO Digital Feb 8 (Reuters) - WPP PLC WPP.L : INVESTMENT WPP INVESTS IN NEW GERMAN AGENCY OH-SO DIGITAL ACQUIRED A MINORITY STAKE THROUGH A CAPITAL INVESTMENT IN OH-SO DIGITAL PARTNERSHIP WITH OH-SO DIGITAL WILL FURTHER STRENGTHEN WPP'S DIGITAL OFFER IN GERMANY Source text for Eikon: ID:nRSH4711Ca Further compan
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Volvo Cars to stop funding Polestar, may hand stake to Geely

UPDATE 3-Volvo Cars to stop funding Polestar, may hand stake to Geely Adds broker comment, background and details on EV margins, share move By Marie Mannes STOCKHOLM, Feb 1 (Reuters) - Volvo Cars VOLCARb.ST said on Thursday it would stop funding Polestar Automotive Holding PSNY.O and was handing responsibility for the struggling luxury car brand over to Volvo's top shareholder China's Geely Holding.
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UK's WPP gains as 2023 sales, margin expected to meet forecast

BUZZ-UK's WPP gains as 2023 sales, margin expected to meet forecast ** Shares of British adv group WPP WPP.L up about 6% at 828.6p ** WPP expects 2023 LFL revenue less pass-through costs to rise 0.9% vs forecast of 0.5%-1.0% growth ** Expects 2023 headline operating margin of 14.8%, or 15% on constant currency basis, at top end of 14.8-15% guidance
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WPP bets on AI for growth, but no quick fix for 2024

UPDATE 2-WPP bets on AI for growth, but no quick fix for 2024 WPP says 2023 like-for-like growth was 0.9% Sees growth of 0-1% in 2024, 20-40 bps margin improvement Analysts say Q4 2023 broadly flat, beating market forecasts Shares rise 6% Recasts, adds shares in paragraph 9, analyst reaction in paragraph 8, CEO quote in paragraph 5 By Paul Sandle LONDON, Jan 30 (Reuters) - Advertising group WPP WPP.L is to invest in AI to drive its top line and improve margins in the medium term but 2024 will be
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WPP's revenue less pass-through costs grew 0.9% in 2023

WPP's revenue less pass-through costs grew 0.9% in 2023 LONDON, Jan 30 (Reuters) - British advertising group WPP WPP.L said its revenue less pass-through costs grew 0.9% last year, and it expects at best a similar result in 2024, with a small increase in its operating profit margin of 20 to 40 basis points. Reporting by Paul Sandle; editing by Sara
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Aker ASA, IMI Plc, WPP Plc

EUROPE RESEARCH ROUNDUP- Aker ASA, IMI Plc, WPP Plc Jan 29 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Aker ASA, IMI Plc and WPP Plc, on Monday. HIGHLIGHTS * Aker ASA AKER.OL : JP Morgan cuts target price to NOK 400 from NOK 420 * Equals Group Plc EQLS.L : Peel Hunt cuts to hold from buy * IMI Plc IMI.L : Berenberg raises to buy from hold * Reach Plc RCH.L : Barclays cuts target price to 70p from 85p * WPP Plc WPP.L : Barclays
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WPP to merge its PR agencies Hill & Knowlton and BCW

WPP to merge its PR agencies Hill & Knowlton and BCW LONDON, Jan 25 (Reuters) - WPP WPP.L , the world's biggest advertising group, said it would merge its two largest communications agencies Hill & Knowlton and BCW, in the latest internal tie-up aimed at driving efficiencies within the company. London-based WPP, which owns creative agencies such as Ogilvy and media planner GroupM, said on Thursday that the combined group would be renamed Burson and have 6,000 staff in 43 markets, adding that the
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PR firms BCW and Hill & Knowlton to merge under WPP overhaul - FT

MEDIA-PR firms BCW and Hill & Knowlton to merge under WPP overhaul - FT -- Source link: http://tinyurl.com/yrr4h9m7 -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Lumen, Levi Strauss, Esgen Acquisition, Poste Italian; updates Elementis Jan 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2050 GMT on Thursday: ** Lumen Technologies LUMN.N said on Thursday it has signed a deal with a group of lenders that will push out its debt maturities to at least 2029 and provide it with access to more than $2 billion of fresh capital.
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GroupM Says Appointment Of Sharb Farjami As North America CEO, Effective Immediately

BRIEF-GroupM Says Appointment Of Sharb Farjami As North America CEO, Effective Immediately Jan 22 (Reuters) - GROUPM - APPOINTMENT OF SHARB FARJAMI AS NORTH AMERICA (NA) CEO, EFFECTIVE IMMEDIATELY Source text link: https://bit.ly/4b87REE Further company coverage: WPP.L
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Top of the Street: SSAB, Hermes, Maersk, British Land

BUZZ-Top of the Street: SSAB, Hermes, Maersk, British Land A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** UBS cuts British advertising group WPP WPP.L to "sell" from "buy" citing tepid cash flow levels as tech clients' ad spend is expected to remain subdued ** It also cuts the world's biggest chocolate maker Barry Callebaut BARN.S to "sell" from "buy" on a strong increase in cocoa bean prices ** UBS raises Swedish steelmaker SSAB SSABa.ST to "buy" from
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UK's WPP drops after UBS downgrade, report of Kantar stake sale

BUZZ-UK's WPP drops after UBS downgrade, report of Kantar stake sale ** Shares of the world's biggest advertising group WPP WPP.L down 2.8% at 737.8p; among top losers on FTSE 100 .FTSE index ** UBS downgrades the stock to "sell" from "buy", citing tepid cash flow levels as tech clients' ad spend is expected to remain subdued ** Separately, Reuters
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WPP is considering sale of stake in Bain's Kantar-source

WPP is considering sale of stake in Bain's Kantar-source By Amy-Jo Crowley LONDON, Jan 10 (Reuters) - WPP WPP.L is considering the sale of its 40% stake in Kantar, a person with knowledge of the situation said, which could be valued at up to $8 billion including debt. The London-headquartered advertising company is working with an adviser and is considering selling the stake in the market research firm outright or selling it to co-shareholder Bain, the private equity fund, Bloomberg reported Wed
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