WPP PLC (WPP.L)
22 Sep 2017
Tue, Aug 29 2017
* ACQUIRES MAJORITY STAKE IN DANISH DIGITAL AGENCY, DIS/PLAY Source text for Eikon: Further company coverage:
LONDON WPP , the world's largest advertising group, cut its sales target for the second time in six months on Wednesday after consumer goods giants curbed spending, putting its shares on track for their worst day in 19 years. | Video
LONDON Media stocks weighed on European markets on Wednesday, led lower by sharp declines in advertising giant WPP after it cut sales forecasts on weakening demand.
* K+S jumps on report of hedge fund interest (Adds closing prices)
LONDON, Aug 23 A sharp fall for advertiser WPP was offset on the British market on Wednesday by gains in mining shares, which extended a strong run, and a buoyant health sector.
* Hit by consumer goods squeeze, weak U.S. (Adds reaction, details)
LONDON (Reuters Breakingviews) - WPP has underestimated the pinch from corporate austerity. The world’s largest ad group cut its forecast for its preferred measure of sales, blaming lower spending by consumer-goods giants it counts as clients. Boss Martin Sorrell reckons this will reverse. Alternatively, marketing frugality might become the new normal.
LONDON, Aug 23 Britain's blue chip index was little changed on Wednesday as a sharp fall for advertiser WPP was offset by gain in miners, which extended a strong run, and a buoyant health sector.
LONDON, Aug 23 Unloved media stocks weighed on European shares on Wednesday, with sharp losses from advertising giant WPP after it cut sales forecasts on weakening demand.
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