Ad group WPP names former BT boss Philip Jansen as new chair
WPP named former BT chief Philip Jansen as its new chair on Tuesday, succeeding Roberto Quarta at the world's largest advertising company.
Ad group WPP lines up former BT boss Philip Jansen as its new chair, FT reports
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.
WPP must show green shoots in second-quarter results
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.
WPP sell off talk makes sense, suggests Citi
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.
Down -12.44% in 4 Weeks, Here's Why WPP (WPP) Looks Ripe for a Turnaround
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.
