Friday, March 1, 4:03 AMWPP (WPPGY):2012 net profit -2.1% to £822.7M; adjusted EBIT +7% to £1.53B, meeting expectations. Revenue +3.5% to £10.37B, slightly above consensus. Organic revenue +2.9% to GBP10.37B, and targeting 3% growth for this year. 2012 Operating margin +0.5 percentage point to 14.8%. Warns of cautious ad spending this year, although Europe showed improvement in Q4. Increases dividend by 16% to 28.51 pence a share. Shares +1.5% in London. (PR)
Comment![Earnings, Dividends]
Thursday, August 30, 2012, 3:20 AM
WPP (WPPGY): H1 net profit +20% to £277.8M, revenues +5.5% to £4.97B. Adjusted op profit +10% to £570M vs. consensus £575M. Comparable revenue +3.6% vs. +3.9%. Cuts 2012 revenue forecast to "close to 3.5%" from over 4% previously, citing the eurozone crisis and slowing U.S. sales growth. Increases interim dividend 18% to 8.80 pence/share. Intends to return HQ to U.K. from Ireland. (PR)
Comment![Earnings]
Wednesday, June 20, 2012, 7:57 AM
WPP (WPPGY) announces that it will acquire digital ad agenct AKQA for an undisclosed amount. The company says AKQA will operate as an independent and stand-alone brand within WPP.
Comment![M&A, Global & FX, Consumer]
Wednesday, June 13, 2012, 9:42 AM
In addition to holding a shareholder vote on pay, WPP (WPPGY) also says it expects like-for-like revenue growth of over 4% in 2012, with a "slightly stronger second half." In the first four months, comparable sales rose 4% to £3.2B as the ad firm enjoyed growth across all its ops, albeit not at the same levels as last year.
Comment![Earnings]
Wednesday, June 13, 2012, 9:36 AM
WPP (WPPGY -2.75%) CEO Martin Sorrell becomes the latest U.K. boss to suffer from the shareholder spring as 60% of the ad giant's investors vote against his 30% pay increase for last year. However, the vote is non-binding so Sorrell can ignore it.
Comment!
Wednesday, May 23, 2012, 9:45 AM
Microsoft (MSFT) and WPP (WPPGY) agree a 3-year deal that will allow them to place and sell online ads for the brands and Internet publishers they work. The aim is to better match the supply and demand of ad inventory, with Microsoft partners AOL and Yahoo (YHOO) also set to benefit, especially in gaining access to premium ads.
Comment![Tech]
Monday, October 17, 2011, 3:22 PM
With fears of a global economic slowdown lingering, Wedbush comes out in defense of its bullish view on advertising agencies, reiterating its Outperform ratings on Interpublic Group (IPG -6.4%) and WPP Group (WPPGY -2.5%). The firm says its current forecast calls for an increase in global media and marketing spending growth in 2012, and notes that both firms are less vulnerable to an economic slowdown due to their worldwide exposure.
Comment![On the Move]
Wednesday, August 24, 2011, 4:33 AM
In its H1 earnings release, advertising giant WPP (WPPGY) trimmed its full-year growth outlook to 5.9% from a previous 6%+, but notes a "disconnect between the macro picture as defined by the stock markets, and the micro picture as defined by individual company results, which have continued to be generally better than expectations."
Comment![Global & FX, Earnings]
Wednesday, August 24, 2011, 3:22 AM
WPP (WPPGY): H1 net profit £230.7M ($380.7M) (+53% Y/Y). Revenue £4.71B (+6.1% Y/Y). Lifts dividend by 25% to 7.46 pence a share. Shares +2.6% in London. (PR)
Comment![Earnings]
Wednesday, July 6, 2011, 7:42 AM
WPP (WPPGY) gets cut to Equal Weight from Overweight at Morgan Stanley, which notes that year-on-year comparisons will get significantly tougher in the second half of the year. The advertising firm will need an underlying acceleration to hit its targets for this year. Shares -2.8% in London.
Comment![On the Move, Quick Ideas]
Friday, September 11, 2009, 12:56 PM
Despite signs that the global economy is starting to recover, WPP (WPPGY) chief Martin Sorrell sees little to cheer about in the advertising industry. "We don't see any green shoots," he said, noting WPP's clients appear wary of investing in advertising to "shell-shocked" consumers.
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Tuesday, April 14, 2009, 3:43 PM
WSJ's Heard on the Street says shares of WPP (WPPGY) trade at a discount to its peers - which could be an opportunity for those looking for an entry point into the advertising industry. Not sure there are too many of those.Comment!
Wednesday, March 18, 2009, 7:55 AM
Ad holding company WPP (WPPGY) and Google (GOOG) team up to fund research on how ads in traditional and digital media work together to influence consumer choices.
1 Comment