WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies. It engages in the planning and creation of marketing and branding campaigns; design and production of advertisements across all media; and provision of media buying services, including strategy and business development, media investment, data and technology, and content. The company also advises to clients who are seeking to communicate with a range of stakeholders from consumers to governments and the business and financial communities. WPP plc was founded in 1985 and is based in London, the United Kingdom.
IPO Year:
Exchange: NYSE
Website: wpp.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/11/2024 | Buy → Sell | UBS | |
12/13/2023 | Overweight → Neutral | JP Morgan | |
11/6/2023 | Equal-Weight | Morgan Stanley | |
9/29/2023 | Buy → Neutral | Goldman | |
9/20/2023 | Outperform → Neutral | Exane BNP Paribas | |
8/8/2023 | Buy → Hold | Deutsche Bank | |
2/22/2023 | Neutral → Outperform | Credit Suisse | |
1/31/2023 | Equal Weight → Overweight | Barclays | |
9/8/2022 | Neutral | Redburn | |
5/23/2022 | Equal-Weight → Underweight | Morgan Stanley |
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Sequential improvement in LFL growth in Q2. Strong progress against January 2024 strategic objectives and significant value unlocked from sale of majority stake in FGS Global. Full year LFL guidance now -1% to 0% reflecting macro pressures and weakness in China 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:
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 Group, and a variety of senior positions in Sodexo Group. Philip began his career at Procter & Gamble, going on to hold marketing director roles at Dunlop Slazenger and Telewest before moving into general management first at Telewest a
Third quarter performance impacted by the continuation of second quarter trends. Launching the world's largest creative agency, VML, to enhance our offer to clients and simplify WPP. Now expect 2023 LFL growth of around 0.5-1.0% with margin of 14.8-15.0% at 2022 rates. WPP (NYSE:WPP) today reported its 2023 Third Quarter Trading Update. £m % reported1 % LFL2 Third Quarter Revenue 3,508 (1.8) 2.3 Revenue less pass-through costs 2,837 (5.0) (0.6) Year to date
Creative Entrepreneur and Growth Strategist appointed UK Leader for Grey Group LONDON, Sept. 27, 2023 /PRNewswire/ -- Grey London has appointed Conrad Persons as its new President. Conrad will report to Grey Global CEO, Laura Maness. Laura Maness said: "Conrad is an entrepreneurial, thoughtful, collaborative, compassionate leader and true team builder with an extraordinary ability to leverage the power of creativity to unlock new sources of growth. Whether it's strategically identifying new audiences, creating new products and brand experiences, or designing business models th
Resilient performance with second quarter impacted by lower revenues in the US from technology clients and delays in spend on technology projects. Now expect 2023 LFL growth of 1.5-3.0%. Margin guidance remains at around 15% at 2022 rates WPP (NYSE:WPP) today reported its 2023 Interim Results. Key figures £m H1 2023 +/(-) % reported1 +/(-) % LFL2 H1 2022 Revenue 7,221 6.9 3.5 6,755 Revenue less pass-through costs 5,811 5.5 2.0 5,509 Reported: Operating profit 306 (43.2) - 539
Positive start to the year; reaffirmed guidance for 3-5% LFL growth in 2023 with an operating margin of around 15% WPP (NYSE:WPP) today reported its 2023 First Quarter Trading Update. £ million % reported1 % LFL2 First Quarter Revenue 3,460 11.9 4.9 Revenue less pass-through costs 2,829 9.9 2.9 Q1 revenue +11.9%; LFL revenue +4.9% Q1 LFL revenue less pass-through costs +2.9%, demonstrating continued momentum $1.5 billion net new business won, including from Adobe, Ford, Maruti Suzuki, Mondelēz and Swissport WPP topped all th
AUSTIN, Texas, April 19, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings Inc. (NASDAQ:MOND) ("Mondee" or the "Company"), a technology-driven, next-generation marketplace in a $1 trillion segment of the travel market, today announced the appointment of Jesus Portillo as its new Chief Financial Officer ("CFO") based in the company's Austin, Texas headquarters effective immediately. Mr. Portillo brings more than 20 years of distinguished global experience, having served as a CFO for both private and public organizations. He held senior finance roles within WPP PLC (NYSE:WPP), a company with over $14 billion of annual revenue, for 18 years, including CFO of multiple subsidiaries across the United St
Global CEO, Laura Maness makes latest high-profile addition to Grey leadership team NEW YORK, March 3, 2023 /PRNewswire/ -- Today Grey Group announces the latest addition to its global leadership team: Gabriel Schmitt joins as Global Chief Creative Officer. He will report to Global CEO Laura Maness. Among the most successful creative leaders in our industry and recently recognized by Adweek50, Gabriel joins Grey Group from FCB NY, where he was Co-Chief Creative Officer. There, he led the agency's creative resurgence on the heels of campaigns including "Whopper Detour," "Michel
Strong Q3 performance; LFL revenue less pass-through costs +3.8% year-on-year and acceleration of growth on 2019 at +10.9%; update to full year guidance WPP (NYSE:WPP) today reported its 2022 Third Quarter Trading Update. £ million +/(-)% reported1 +/(-)% LFL2 Third Quarter Revenue3 3,573 10.3 2.7 Revenue less pass-through costs 2,986 13.1 3.8 Year to date Revenue 10,329 10.2 6.6 Revenue less pass-through costs 8,496 12.7 7.1 Q3 revenue +10.3%; LFL revenue +2.7% Q3 LFL revenue less pass-through costs +3.8% Acceleration of g
CMI Media Group, a leading media strategy, planning, innovation and buying agency for the nation's top healthcare companies and part of WPP, announced the executive appointment of Rebecca Mills as EVP, Group Client Director. PARSIPPANY, N.J., Sept. 21, 2022 /PRNewswire-PRWeb/ -- CMI Media Group, a leading media strategy, planning, innovation and buying agency for the nation's top healthcare companies and part of WPP, announced the executive appointment of Rebecca Mills as EVP, Group Client Director. In this role as a business lead for one of the company's key accounts, Mills will be partnering with the client to offer strategic, effective and efficient ways to move their business forward. Sh
Innovating to Lead WPP (NYSE:WPP) is today announcing the next phase of its strategy to capture the opportunities offered by AI, maximise the potential of creative transformation and deliver faster growth, higher margins and improved cash generation. Four strategic pillars support these goals: 1. Lead through AI, data and technology Capitalise on WPP's lead in artificial intelligence built on: the acquisition of Satalia in 2021; organic investment in AI, client technology and data; and deep partnerships with Adobe, Google, IBM, Microsoft, Nvidia and OpenAI Drive improved returns to clients through a set of AI-enabled services and tools, delivered by WPP Open, our common technolo
Following the launch of the survey's first theme, 'My Global Citizenship,' ASDA'A BCW unveils findings under two new themes, 'My Politics' and 'My Livelihood' Findings highlight stark divide in the perceptions of youth in the GCC states compared with their counterparts in North Africa and Levant Two-thirds of Arab youth in North Africa and Levant say their voice does not matter to their country's leadership, a significant drop from 2022Rising cost of living and unemployment continue to be the biggest concerns for Arab youthDUBAI, UAE, July 18, 2023 /PRNewswire/ -- Nearly two-thirds of Arab youth outside the Gulf Cooperation Council (GCC) countries lack confidence in their government's abilit
WPP (NYSE:WPP) today announces the acquisition of amp, one of the world's leading sonic branding companies. amp's expertise will strengthen WPP's offer in experiential branding and its ability to create high-quality, differentiated, and ownable sound experiences for clients. The acquisition comes as sound continues to grow as a vital branding element, with 75% of GenZ consumers saying that music helps them to feel more connected to brands1. amp will join WPP brand and design consultancy, Landor & Fitch, adding to the agency's expertise in delivering immersive brand identities that transform customer and employee experiences and set brands apart in a competitive marketplace. Founded in
WPP (NYSE:WPP) today announced the acquisition of Obviously, a technology-led social influencer marketing agency based in New York, with operations in San Francisco and Paris. Founded by Mae Karwowski and Maxime Domain in 2014, Obviously's proprietary next-generation tech platform increases campaign efficiency and enables the company to service large-scale complex campaigns for enterprise clients, including Google, Ford, Ulta Beauty and Amazon. Obviously offers a full stack of end-to-end services, including marketing strategy, influencer identification, content creation, campaign management, and robust reporting and analysis. Its team of nearly 100 people will join VMLY&R's network, accele
WPP (NYSE:WPP) today announces the acquisition of Goat, one of the world's leading influencer marketing agencies. Goat specialises in data-led end-to-end influencer marketing campaigns grounded in performance and measurement and was founded by Arron Shepherd, Nick Cooke, and Harry Hugo in 2015. Goat drives authentic brand engagement while integrating targeted paid media to reach the right audience and achieve industry-leading results. The company's 150+ staff across three global offices have helped to grow some of the biggest brands in the world, including Dell, Beiersdorf, Meta, Tesco, Uber, EA, Natura and Augustinus Bader, delivering best-in-class social and influencer campaigns. Since i
Frankfurt-based 3K will join WPP's Hill+Knowlton Strategies, advancing the company's growth in the global healthcare sector WPP (NYSE:WPP) announces today that it has acquired 3K Agentur für Kommunikation (3K), one of the leading healthcare specialist PR agencies in Germany. 3K will become part of the Hill+Knowlton Strategies (H+K) global network, strengthening its healthcare presence in Europe and expanding its operations in Germany. Founded 25 years ago, 3K is known for its expertise in healthcare, biopharmaceuticals, and related sciences, working with some of the world's most notable global pharmaceutical companies, consumer health brands, and local biotech start-ups. The addition of
Strong performance driven by growth across all key WPP agencies. Headline fully diluted EPS growth of over 25%. Expect LFL top-line growth of 3-5% and further progress on operating margin to around 15% in 2023 WPP (NYSE:WPP) today reported its 2022 Preliminary Results. Key figures £ million 2022 +/(-)% = reported1 +/(-)% LFL2 2021 Revenue 14,429 12.7 6.7 12,801 Revenue less pass-through costs 11,799 13.5 6.9 10,397 Reported: Operating profit 1,358 10.5 - 1,229 Profit before tax 1,160 22.0 - 951 Diluted EPS (p) 61.2
WPP (NYSE:WPP) today announces the acquisition of Fēnom Digital, one of the fastest growing digital transformation agencies in North America. Founded by Dylan Runne three years ago in New York, Fēnom Digital specializes in delivering enterprise commerce, order management systems, supply chain, marketing, and customer experience solutions to retailers and brands across North America. The company calls upon over 190 highly skilled technologists to deliver solutions that drive more than $5 billion of digital sales for clients annually, including Basset Furniture, Casper, Crocs, David Yurman, GNC, PacSun and Snipes. In 2022, Fēnom Digital achieved Salesforce Crest Partner status and won Sales
WPP (NYSE:WPP) today announces that it is acquiring Diff, a leading commerce agency based in Montreal, Canada. Diff is an award-winning developer of tailor-made commerce solutions with specialized capabilities that address the rapidly growing Shopify commerce ecosystem. Founded in 2011 by Benjamin Crudo, the 115-strong company will join the Wunderman Thompson global network, complementing its world-class commerce and marketing services teams in North America. With direct-to-consumer commerce sales in the United States forecast to grow to almost $213 billion by 2023, more brands are adopting D2C models as part of a multichannel approach. Diff specializes in growth strategy, front-end desig
WPP (NYSE:WPP) today announces the acquisition of Passport Brand Design, a leading brand design agency based in Southern California. Founded in 2004 by Natalie Taormina and Jeremy Creighton, Passport brings extensive brand identity, design expertise and insight into WPP and works across a broad range of consumer categories and global markets, spanning Australia and Asia to North America. Passport has developed a reputation for creating highly impactful, innovative and results-driven campaigns for clients such as Coca-Cola, Kraft and Heineken. The agency will join VMLY&R's global network, creating exciting new partnership opportunities for existing talent and clients and expanding VMLY&R's
LFL growth of 0.5% in Q3. Continued progress against our strategic objectives with important client wins and retentions. Full year guidance reiterated 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
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 experience
Sequential improvement in LFL growth in Q2. Strong progress against January 2024 strategic objectives and significant value unlocked from sale of majority stake in FGS Global. Full year LFL guidance now -1% to 0% reflecting macro pressures and weakness in China 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:
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 Group, and a variety of senior positions in Sodexo Group. Philip began his career at Procter & Gamble, going on to hold marketing director roles at Dunlop Slazenger and Telewest before moving into general management first at Telewest a
WPP Open for B2B is powered by IBM's watsonx AI and data platform to solve complex B2B marketing challenges IBM is the first user of the platform to accelerate its AI-driven marketing and communications transformationWPP and IBM will collaborate with LinkedIn to better understand buying groups CANNES, France, June 19, 2024 /PRNewswire/ -- WPP (NYSE:WPP) and IBM (NYSE:IBM) today announced the launch of a new business-to-business (B2B) solution powered by IBM's AI and data platform watsonx designed to reinvent how B2B marketers identify and engage clients and prospects across the buying journey.
KERV, the leader in AI-powered video analysis, performance and monetization, and CMI Media Group (CMI), the global healthcare media strategy agency and part of WPP (NYSE:WPP), today announced a groundbreaking new video attention partnership. CMI's portfolio of major pharmaceutical clients can now access KERV's market-leading, next-generation online video, display, and connected TV (CTV) advertising technology, along with KERV's proprietary Active Attention Index scoring and metrics to drive enhanced engagement and optimize towards deterministic attention-based performance for their video advertising campaigns. This pharma-first partnership gives CMI clients automated and efficient paths t
WPP (NYSE:WPP) today announces that it has integrated Anthropic's state-of-the-art Claude artificial intelligence (AI) model family into its intelligent marketing operating system WPP Open, using Amazon Bedrock, a fully managed service from Amazon Web Services (AWS). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240521608924/en/ The integration of Claude, including Opus, Sonnet and Haiku, brings powerful AI performance, intelligence and speed to enhance the capabilities of WPP's 114,000-strong marketing talent across its network of agencies, providing each with cutting-edge technology to deliver innovative solutions and better
LONDON, May 15, 2024 /PRNewswire/ -- Doceree, the leading global healthcare marketing platform building unprecedented programmatic solutions for HCP marketing, today announced the launch of its highly anticipated HIEP (High Interaction & Engagement Platforms) UK and Europe edition. Presented in collaboration with WPP's healthcare specialist agency CMI Media Group, the groundbreaking report profiles endemic, point-of-care, and physician networking platforms in a digital engagement context, shedding light on their potential to power interactions and drive communications in the healthcare industry.
Q1 performance in line with expectations. 2024 guidance reiterated. Strong progress on strategic initiatives across Burson, GroupM and VML WPP (NYSE:WPP) today reported its 2024 First Quarter Trading Update. Key figures First Quarter £ million ‘+/(-) % reported1 ‘+/(-) % LFL2 Revenue 3,412 (1.4) 2.1 Revenue less pass-through costs 2,687 (5.0) (1.6) Q1 revenue -1.4%; LFL revenue +2.1% Q1 LFL revenue less pass-through costs -1.6% (Q1 2023: +2.9%) with growth in the UK and Western Continental Europe offset by declines in North America and Asia Pacific, which saw strong growth in India offset by a
FRAMINGHAM, Mass. and LONDON, March 22, 2024 (GLOBE NEWSWIRE) -- Definitive Healthcare (NASDAQ:DH) and VML Health announced a first-of-its-kind partnership that gives clients the ability to manage their entire key opinion leader (KOL) identification and engagement operation from an integrated solution. This partnership provides an answer to the increasingly complex challenges that the health industry faces when identifying and engaging with the most relevant KOLs at a global level. The new solution has been created by linking VML Health's digital KOL engagement platform and Definitive Healthcare's comprehensive global KOL data available through the Monocl ExpertInsight platform. The integ
UBS downgraded WPP plc from Buy to Sell
JP Morgan downgraded WPP plc from Overweight to Neutral
Morgan Stanley resumed coverage of WPP plc with a rating of Equal-Weight
Goldman downgraded WPP plc from Buy to Neutral
Exane BNP Paribas downgraded WPP plc from Outperform to Neutral
Deutsche Bank downgraded WPP plc from Buy to Hold
Credit Suisse upgraded WPP plc from Neutral to Outperform
Barclays upgraded WPP plc from Equal Weight to Overweight
Redburn resumed coverage of WPP plc with a rating of Neutral
Morgan Stanley downgraded WPP plc from Equal-Weight to Underweight
https://www.ft.com/content/2c3c6055-f898-4593-b6c6-80174f7876b5
The company is simultaneously working with Georgia Power, piloting a similar program for a limited number of EV owners in Georgia.
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WPP Plc (NYSE:WPP) shares are trading higher on Wednesday. The company is reportedly exploring possibilities to divest its 40% interest in the market research firm Kantar. The British owner of advertising agencies aims to generate cash and tackle its declining stock value, Bloomberg reported, citing people familiar with the matter. The London-based company is collaborating with an adviser to examine various options, including the complete sale of its remaining stake in Kantar, the report read. Also Read: British Advertising Giant WPP Reveals CFO Transition This stake was retained after the 2019 transaction where 60% of Kantar was sold to the buyout firm Bain Capital, it added. A poten
WPP PLC (NYSE:WPP) disclosed a Q3 trading update, with a revenue decline of 1.8% Y/Y on a reported basis and an increase of 2.3% on a like-for-like (LFL) basis. The company's performance in Q3 continued to be impacted by the cautious spending trends seen in Q2, mainly across technology clients. Revenue less pass-through costs was down 0.6% Y/Y LFL due to declines in North America (continued weakness from technology clients) and China. GroupM rose +1.6% Y/Y in Q3 with low-single-digit growth in the U.S. and U.K. The company won net new business worth $1.4 billion in Q3. The company launched VML and further integrated GroupM with common products and a single technology platform in Q3.