WPP Taps Microsoft's Cindy Rose as CEO
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WPP PLC WPP shares sank 18.76% to £4.29 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the FTSE 100 Index UKX rising 0.15% to 8,867.02. WPP PLC closed 52.
WPP Plc. cut its outlook for 2025 after clients spent less than expected, adding to the advertising agency’s woes as it searches for a new chief executive officer. Shares fell to their lowest level in almost 16 years.
WPP now expects a 2025 like-for-like revenue decline, excluding pass through costs, of between 3% and 5%. It predicts a decline in headline operating profit margin of 50 to 175 basis points, excluding foreign exchange.
WPP PLC closed 41.57% below its 52-week high of £9.03, which the company achieved on December 9th.
Advertising giant WPP lowered its guidance and warned of a pullback in client spending, citing a "challenging economic backdrop."
Hotchkis & Wiley, an investment management company, released its “Hotchkis & Wiley Global Value Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q1 2025, the MSCI World Index decreased by 1.
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