WPP to spend almost $400 million to reboot world's biggest ad group [Reuters]
WPP plc American Depositary Shares (WPP)
US:NYSE Investor Relations:
wpp.com/wpp/investor/financialnews
Company Research
Source: Reuters
WPP to spend almost $400 million to reboot world's biggest ad group | Reuters 2 Min Read LONDON (Reuters) - WPP will spend 300 million pounds ($382 million) over three years and cut 2,500 jobs in a drive by new boss Mark Read to return the world’s biggest advertising group to organic growth. The British owner of the JWT and Ogilvy agencies has lost 40 percent of its value in the last year and been forced to cut its sales and profit forecasts after it lost some major clients and others cut their spending. On Tuesday it set out its plan to respond, three months after company veteran Read replaced founder Martin Sorrell at the head of the business. It is targeting a return to organic net sales growth in line with its peers by 2021. It said it would maintain and prioritise its dividend, invest in its New York creative agencies and achieve savings of 275 million pounds a year by 2021 by merging offices, closing others and exiting some businesses. It will lose around 3,500 jobs in areas of
Show less
Read more
Impact Snapshot
Event Time:
WPP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WPP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WPP alerts
High impacting WPP plc American Depositary Shares news events
Weekly update
A roundup of the hottest topics
WPP
News
- WPP plc Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before December 8, 2025 to Discuss Your Rights - WPPPR Newswire
- WPP FINAL DEADLINE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages WPP plc Investors with Losses in Excess of $100K to Secure Counsel Before Important December 8 Deadline in Securities Class Action - WPPGlobeNewswire
- WPP plc (WPP) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud LawsuitPR Newswire
- WPP PLC (NYSE: WPP) SHAREHOLDER ALERT Bernstein Liebhard LLP Reminds WPP plc Investors of Upcoming DeadlineGlobeNewswire
- Jamie Oliver to relaunch collapsed Italian restaurant chain [Yahoo! Finance Canada]Yahoo! Finance Canada
WPP
Sec Filings
- 12/2/25 - Form 6-K
- 12/2/25 - Form 6-K
- 12/1/25 - Form 6-K
- WPP's page on the SEC website