WPP Plc Sponsored

WPP Plc is a creative transformation company, which engages in the provision of communications services. It operates through the following segments: Global Integrated Agencies, Public Relations, and Specialist Agencies. The Global Integrated Agencies segment offers creative services including advertising, marketing, and brand strategies and campaigns across all media. The Public Relations segment helps clients communicate with all stakeholders, from consumers and investors to government and non-government organizations. The Specialist Agencies segment delivers brand experience and identity, and specialist, targeted services. The company was founded by Martin Stuart Sorrell in 1985 and is headquartered in London, the United Kingdom.

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Are Investors Undervaluing WPP (WPP) Right Now?

WPP plc (NYSE:WPP ) Q3 2024 Earnings Conference Call October 10, 2024 4:30 AM ET Company Participants Mark Read – CEO Joanne Wilson – CFO Conference Call Participants Laura Metayer - Morgan Stanley Nicolas Langlet - BNP Paribas Adrien de Saint Hilaire - Bank of America Thomas Singlehurst - Citi Joseph Thomas – HSBC Steve Liechti - Deutsche Numis Simon Baker - Bernstein Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the WPP 2024 Third Quarter Trading Update Conference Call and Webcast.

WPP plc (WPP) Q3 2024 Earnings Call Transcript

NEW YORK & LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) today reported its 2024 Third Quarter Trading Update. Third quarter   £m   +/(-) % reported1   +/(-) % LFL2 Revenue   3,558   1.4   4.1 Revenue less pass-through costs   2,765   (2.6)   0.5               Year to date             Revenue   10,784   0.5   3.1 Revenue less pass-through costs   8,364   (3.3)   (0.5) Q3 highlights Q3 reported revenue +1.4%, LFL revenue +4.1% Q3 LFL revenue less pass-through costs +0.5%, with North America +1.7%, We.

WPP Third Quarter Trading Update

WPP reported a surprise rise in organic revenue for the third quarter, returning to growth after declines in previous quarters, as it benefited from higher spending among its bigger clients and a stabilization in the technology sector.

WPP Returns to Growth, Beating Expectations

Advertising conglomerate WPP PLC (LSE:WPP) returned to growth in the past quarter with better revenues than expected, thanks to new wins with the likes of Amazon, Starbucks and Unilever. The FTSE 100-listed marketing group, which owns agencies including GroupM, Ogilvy, Mindshare and Finsbury, reported revenue less pass-through costs of £2.9 billion for the third quarter, up 0.5% on a like-for-like basis.

WPP returns to quarterly growth but sees tougher quarter ahead

British ad group WPP reported a better-than-expected 0.5% rise in like-for-like organic revenue in the third quarter, with growth in North America, western continental Europe and India partly offset by continued tough trading in China.

Ad group WPP posts 0.5% rise in Q3 organic revenue

Shore Capital Markets has reiterated its buy rating on WPP PLC (LSE:WPP) ahead of the advertising giant's upcoming third-quarter trading update on 23 October. Analysts suggested that investors will be looking for reassurance following WPP's interim results, which saw the company reduce its full-year revenue guidance from flat to slightly less than flat.

Advertising giant WPP's fortunes not as bad suggested, says Shore Cap

Should Value Investors Buy WPP (WPP) Stock?

WPP plc stock is undervalued compared to peers, despite challenges leading to downgraded growth from high APAC exposure. The company's cost savings plan is coming in nicely apparently and could continue lifting figures a little bit to fight topline pressures which may be a bit protracted. The partial sale of FGS Global to KKR puts a high value on the PR business, which puts a low value on its residual advertising businesses compared to peers.

WPP plc: Best Sector Value After FGS Global Sale Creates Precedent

Citi has given WPP PLC (LSE:WPP) some marginal downgrades due to foreign exchange headwinds and the FGS disposal, but the advertising big cap's risk/reward profile still “tilts positively”, said analysts. Although macroeconomic concerns (i.e.

WPP's risk/reward worth a look ahead of results - analyst

Unilever

Shares in WPP PLC (LSE:WPP) topped the FTSE 100 leaderboard on Tuesday, climbing 2.3% in early trading, after major client Unilever concluded its global media review.   The maker of Marmite, PG Tips, Domestos and Cif is the ninth largest global advertiser, having spent around €8.5 billion on brand and marketing in 2023.

WPP jumps after winning business in Unilever's ad agency review

Lisbon, Portugal , Sept. 30, 2024 (GLOBE NEWSWIRE) -- The global energy sector has grown substantially over the past decade, with energy consumption reaching new levels. As populations continue to develop and urbanize, energy demand will likely keep rising. However, this growth is not without its challenges.

WPP Energy is Changing the $11 Trillion Energy Sector with Blockchain and Green Tech

New York, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Advances in technology have ushered in unparalleled digital brand offerings in recent years, but new findings suggest the future of retail is being shaped by a multitude of trends including a growing desire for seamless omnichannel experience. In its eighth edition, VML's anticipated ‘Future Shopper Report 2024' captures a global snapshot of the modern shopper. The report surveys 31,500 consumers across 20 countries and reveals a dynamic retail landscape challenging established trends and ushering in new opportunities for brands.This year's report highlights new trends taking shape—consumers are becoming more open to physical shopping experiences again; marketplaces' grip on their dominant position in the customer journey is weakening; and the impact of new technologies like AI changing what we sell, how we sell it, and who we sell it to. Beth Ann Kaminkow, Global Chief Commerce Officer, VML said: “The new era of consumers is upon us. Demanding to be at the center of their own immersive omnichannel universe, brands and retailers are still playing catch-up on the new rules of commerce. Through this report, VML continuously seeks to better understand our future shopper—uncovering what drives them to discover, engage and ultimately, purchase—to help marketers redefine how they drive brands and businesses.” Neil Dawson, Global Chief Strategy Officer, VML said: “Shopping today is multi-faceted, multi-platform and more integrated than ever before. Matched to savvy consumers, the need for advanced and connected customer journeys is critical to success. Brands must understand and adapt to evolving shopper habits and that's precisely what the Future Shopper report explores—ensuring that we stay ahead of key trends that drive business.”Report highlights include:

Physical Retail Stages a Comeback and Mobile Shopping Dominates In New ‘Future Shopper Report'

WPP plc (NYSE:WPP ) Q2 2024 Earnings Conference Call August 9, 2024 11:00 AM ET Company Participants Mark Read - CEO Joanne Wilson - CFO Tom Waldron - Head, IR Conference Call Participants Laura Metayer - Morgan Stanley Adam Berlin - UBS Julien Roch - Barclays Adrien de Saint Hilaire - Bank of America Joseph Thomas - HSBC Steve Liechti - Deutsche Numis Thomas Singlehurst - Citi Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the WPP 2024 Interim Results Conference Call and Webcast.

WPP plc (WPP) Q2 2024 Earnings Call Transcript

Advertising giant WPP PLC (LSE:WPP) fetched a good price in its $1.7 billion disposal of strategic communications and advisory firm FGS Global, reckon Citi analyst. The price tag came comfortably above FGS's implied $1.4 billion valuation when WPP sold a partial stake to KKR in April 2023.

WPP fetched decent price in FGS Global disposal, says Citi

Global advertising giant WPP PLC (LSE:WPP)'s mediocre interim results came as little surprise to City analysts on Wednesday. Year on year revenues barely budged amid contracting marketing spend from WPP's blue-chip client base and while operating profit improved 38%, this came at the expense of considerable workforce layoffs.

WPP underperforming against global competitors - analysts

NEW YORK & LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) today reported its 2024 Interim Results. Key figures (£m) H1 2024 +/(-) % reported1 +/(-) % LFL2 H1 2023           Revenue 7,227 0.1 2.6 7,221 Revenue less pass-through costs 5,599 (3.6) (1.0) 5,811           Reported:         Operating profit 423 38.2   306 Operating profit margin3 5.9 % 1.7 pt   4.2 % Diluted EPS (p) 18.8 82.5   10.3 Dividends per share (p) 15.0 0.0   15.0           Headline4:         Operating profit 646 (3.0) 0.5 666 Opera.

WPP 2024 Interim Results

Advertising giant WPP PLC (LSE:WPP) has trimmed its global workforce by 3,000 roles in the past year to reduce operating costs at a time when industry sales are failing to show momentum. According to interim results posted on Wednesday, WPP's headcount was 111,000 as of 30 June, down from 114,000 at the same point in 2023.

WPP trims 3,000 roles to offset stagnant sales growth

British ad group WPP on Wednesday agreed to sell its controlling stake in FGS Global to minority shareholder KKR for $775 million, implying an enterprise value for the financial PR agency of $1.7 billion.

WPP agrees to sell stake in FGS Global to KKR for $775 million

Advertising giant WPP PLC (LSE:WPP) has appointed former BT Group PLC (LSE:BT.A) boss Philip Jansen to the board as a non-executive director. Though best known for his roles as boss of BT and previously Worldpay (LSE:WPG), Jansen has advertising chops as a former marketing director at Dunlop Slazenger and Telewest.

Former BT boss Philip Jansen joins WPP board

NEW YORK & LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) today announces the appointment of Philip Jansen to its Board as a Non-Executive Director and Chair-designate. He will join the Board on 16 September 2024 and will succeed Roberto Quarta as Non-Executive Chair of WPP from 1 January 2025. Philip was Chief Executive of BT Group from 2019 to February 2024. Before that he was CEO of Worldpay, the technology-led global payments services group. Previous roles include CEO and then Chairman of Brakes.

WPP Appoints Philip Jansen as Non-Executive Chair of the Board

WPP named former BT chief Philip Jansen as its new chair on Tuesday, succeeding Roberto Quarta at the world's largest advertising company.

Ad group WPP names former BT boss Philip Jansen as new chair

Britain's WPP is set to pick former BT Group chief Philip Jansen as its new chair, the Financial Times reported on Tuesday, citing people familiar with the matter.

Ad group WPP lines up former BT boss Philip Jansen as its new chair, FT reports

VTEX

NEW YORK , July 11, 2024 /PRNewswire/ -- VTEX (NYSE: VTEX), the composable and complete digital commerce platform, has been selected by H Mart, the largest Asian-American supermarket chain in the U.S. with over 90 locations across North America , to power its ecommerce operations alongside global creative agency VML, a leading commerce systems integrator and implementation partner. This partnership marks a significant milestone for H Mart in its digital transformation by moving to a modern, SaaS commerce platform.

VTEX and VML Power H Mart's Ecommerce, Enhancing the Digital Grocery Shopping Experience

Multinational advertising giant WPP PLC (LSE:WPP)'s second-quarter results are due on 7 August, with analysts pinning hopes on signs of recovery following a dour 12 months. Advertising spend has been a net loser amid the global inflation cycle, but with cost pressures coming down and interest rates soon to follow, WPP could soon be seeing green shoots.

News for WPP Plc Sponsored Stock (WPP)