WPP Stock Recent News

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

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.

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.

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.

Talk of a bid for WPP PLC (LSE:WPP) PR business makes sense, according to analysts at Citi, and might persuade management given the value it could generate. Bloomberg and FT both reported that KKR had made a bid for control of FGS Global, the PR arm.

CANNES, France--(BUSINESS WIRE)--The Cannes Lions International Festival of Creativity today named WPP (NYSE: WPP) as Creative Company of the Year for 2024, with Ogilvy taking home Creative Network of the Year. WPP agencies collected a total of 160 Lions, including a Titanium, 6 Grand Prix, 27 Gold, 43 Silver and 83 Bronze Lions, with winners representing 41 different countries. The Coca-Cola Company, whose global marketing partner is WPP Open X, was named Creative Brand of the Year for the fir.

Mark Read, CEO at WPP, discusses Elon's Musk's comments to advertisers at Cannes Lions and explains how the company are using AI in their latest innovations.

WPP (WPP) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

NEW YORK & LONDON--(BUSINESS WIRE)--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). 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 it.

WPP PLC (LSE:WPP) shares fell after its first-quarter revenue fell more than expected, led by reduced ad spending at technology companies in the US and a sharp fall in China.  Revenue less pass-through costs came to £2.69 billion in the first three months of the year, a like-for-like decline of 1.6% on a year ago and worse than the City analyst consensus of 1.5%.