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Latest WPP News From Around the Web
Below are the latest news stories about WPP plc that investors may wish to consider to help them evaluate WPP as an investment opportunity.
U.S. prosecutors on Friday charged the founder and former owner of a Hollywood movie production and distribution company with defrauding a BlackRock Inc investment fund out of about$14 million to pay for luxuries including a Beverly Hills mansion. William Sadleir, 66, of Beverly Hills, California, was charged with two counts of wire fraud and one count of aggravated identity theft after inducing the closed-end BlackRock Multi-Sector Income Trust Fund to invest $75 million in his Aviron Group. Sadleir allegedly promised BlackRock its money would support his films, including through the purchase of $27 million in pre-paid media credits, or "up fronts," with the GroupM affiliate of WPP Plc, the world's largest advertising company.
While many states are still on lockdown, some have opened up and overall businesses are working through planning their COVID-19 road to recovery.
Ogilvy Health, one of Ogilvy’s three global practices (www.ogilvy.com), today announced Nelson Figueiredo, the agency’s VP, Director of Technology, has been named as one of the 2020 PM360 ELITE 100 by healthcare marketing industry trade magazine PM360. Now in its sixth year, the PM360 ELITE (Exceptional • Leaders • Innovators • Transformers • Entrepreneurs) represent the most influential people in the healthcare industry today. The awards honor individuals who have made a significant impact in the life sciences field throughout their careers.
(Bloomberg) -- Readers are flocking to news sites for the latest on Covid-19. Advertisers are running the other way.As news editors do everything to harness public interest in the worst public health crisis in more than a generation, their main source of income is in freefall, with brands pulling ads from news sites, papers and magazines.To some extent that’s normal: With businesses hoarding cash just to stay afloat, marketing campaigns are a low priority. But a bad situation is being made a whole lot worse by advertising “blacklists” — sets of keywords that stop ads appearing next to certain categories of news that are considered a turn-off by brand managers. Because so much coverage now touches on coronavirus, one of the biggest stories of the century is turning into an advertising no...
Hi and welcome back to Advertising and Media Insider, your weekly industry news roundup. I'm Lucia Moses, deputy editor here. First: We're getting ready to publish our annual list of the world's most innovative CMOs. Read about it and submit your nominations here . CEOs mull advertising's future For a newsroom-wide project, we asked CEOs of some of the biggest advertising and media companies, from WPP and Edelman to Barstool and Vice Media how their businesses and the industry will change, from creating more opportunities to entertain people while they're at home to speeding up the adoption of technology to get work done. Read their full responses here: The CEOs of WPP, Publicis, Edelman and more explain how the pandemic will change advertising, from shrinking office space to improving ...
WPP CEO lays out how the ad giant will reopen its offices around the world and why they may never return to full capacity
WPP CEO Mark Read laid out the ad holding company giant would reopen its offices and said its China operation would serve as a model for other countries. China offices are at 90% capacity and may remain that way indefinitely, Read said. The US operation will be much slower to reopen due to a high prevalence of the virus in WPP's New York City headquarters. Some holding companies have spoken of reducing their real estate footprint to save money, but WPP said it's focused on other methods including voluntary pay cuts. Click here for more BI Prime stories . The largest ad holding company, WPP, is determining how and when to reopen its offices for its 90,000-plus employees who are working remotely due to the coronavirus pandemic. CEO Mark Read told Business Insider that WPP China experience...
The owner of the Ogilvy, Grey and Hill+Knowlton agencies said it could flex costs against a range of scenarios to manage profit and cash flow
NEW YORK & LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) today reported its 2020 First Quarter Trading Update. Note: all numbers relate to continuing operations unless otherwise stated Q1 revenue -4.9%; LFL1 revenue -3.8% Q1 LFL revenue less pass-through costs -3.3%, with impact of COVID-19 felt more strongly in March, at -7.9%, as expected Top five markets Q1 LFL revenue less pass-through costs: US -1.9% (March -3.7%); UK -4.2% (March -9.8%); Germany -4.3% (March -14.9%); Greater China -21.3% (Marc
Advertising giant WPP said a rapid recovery in China hinted at a possible snapback in UK activity on Wednesday as it reported a slump in first-quarter sales.
Crowded office buildings ‘may be a thing of the past’ as staff safety prioritised after Covid-19 crisis Coronavirus – latest updates See all our coronavirus coverage The chief executives of Barclays and WPP are predicting an end to crowded city centre offices and rush hours as flexible working becomes the new normal to keep the workforce healthy amid the Covid-19 crisis. Jes Staley, the chief executive of Barclays, said the bank would look at a more de-centralised approach to staff working, including the prospect of local branches becoming satellite offices for more employees. Continue reading…