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WPP PLC (WPP)

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idpickering
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Re: WPP PLC (WPP)

#351546

Postby idpickering » October 29th, 2020, 7:34 am

Third Quarter Trading Update

Q3 revenue -9.8%; LFL revenue -5.5%

n Q3 LFL revenue less pass-through costs -7.6%

n Top five markets Q3 LFL revenue less pass-through costs: US -5.5%; UK -6.5%; Germany
-1.8%; Greater China -16.7%; India -16.3%

n Continued good momentum in new business: $1.6 billion won in Q3, taking the year-to-date wins to $5.6 billion

n Strong liquidity and balance sheet, supported by tight working capital management: year-to-date average net debt £2.5 billion, down £2.0 billion year-on-year

n On track to be towards upper end of £700-800 million cost reduction target

n Full year 2020 LFL revenue less pass-through costs growth and headline operating margin expected to be within the range of latest analysts' expectations[3]


https://www.investegate.co.uk/wpp-plc-- ... 00085484D/

idpickering
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Re: WPP PLC (WPP)

#366918

Postby idpickering » December 17th, 2020, 7:11 am

Accelerating Growth

WPP is hosting a virtual presentation for investors and analysts which will provide an update on its strategy for growth, set out opportunities for efficiency and reinvestment, outline its plans for capital allocation and provide new medium-term financial targets. The event will be webcast live from 1pm GMT today at http://www.wpp.com/investors and available for replay subsequently.

Strategic goals

Return core Communications business to sustainable growth

Expand further into high-growth areas of Commerce, Experience and Technology - from 25% of our business today to 40% by 2025

Fund growth and improve profitability through gross annual cost savings of £600 million by 2025, with approximately two-thirds reinvested in talent, incentives and technology to drive growth

Supplement growth through targeted, scalable M&A of £200-400 million annually

Invest capital expenditure of £450-500 million per annum in 2021 and 2022 and £300-350 million per annum thereafter, in our campus programme, ERP systems and shared services to deliver gross cost savings and improved business insight and talent management


https://www.investegate.co.uk/wpp-plc-- ... 00059317I/

idpickering
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Re: WPP PLC (WPP)

#385310

Postby idpickering » February 10th, 2021, 8:26 am

WPP acquires leading Brazilian digital innovation and software engineering company DTI Digital

WPP today announces that it has acquired DTI Digital (DTI), a leading Brazilian digital innovation and software engineering company.

DTI's digital solutions help clients become more efficient, digitalised and fully connected to their customers -- from the development of back-office support systems such as supply automation and data collection software, to consumer-facing applications and platforms including e-commerce marketplaces and customer service interfaces.

DTI's proprietary approach, based on agile methodology and design thinking, allows it to quickly and effectively scale up its expert development teams, comprising more than 600 software engineers, in response to client needs.

The acquisition is in line with WPP's objectives outlined in its December 2020 Capital Markets Day to expand its presence in the faster growing areas of experience, commerce and technology. In particular, it will strengthen WPP's capabilities in supporting its clients' end-to-end digital transformation objectives in Brazil and beyond, by complementing and expanding WPP's existing adtech and systems integrations capabilities.

DTI will benefit from WPP's global network and relationships with its partners and clients, including the world's largest technology companies.

https://www.investegate.co.uk/wpp-plc-- ... 00045362O/

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Re: WPP PLC (WPP)

#394492

Postby idpickering » March 11th, 2021, 7:46 am


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Re: WPP PLC (WPP)

#394535

Postby idpickering » March 11th, 2021, 10:37 am

Share buyback programme

WPP announces that it has today entered into a non-discretionary agreement with Exane SA ("Exane BNP Paribas") in relation to the purchase by Exane BNP Paribas, acting as riskless principal, of WPP's ordinary shares of 10 pence each ("Ordinary Shares") for an aggregate purchase price of up to £300m (the "Programme"). Shares acquired by Exane BNP Paribas under the agreement will be simultaneously on-sold by Exane BNP Paribas to WPP. The purchase of shares in accordance with the Programme will take place during the period commencing 11 March 2021 and ending no later than 18 June 2021. The purpose of the Programme is to reduce the share capital of WPP.


https://www.investegate.co.uk/wpp-plc-- ... 45018704R/

idpickering
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Re: WPP PLC (WPP)

#407537

Postby idpickering » April 28th, 2021, 7:35 am

First Quarter Trading Update

n Q1 revenue +1.8%; LFL revenue +6.3%

n Q1 LFL revenue less pass-through costs +3.1%

n Top five markets Q1 LFL revenue less pass-through costs: US +0.7%; UK +3.9%; Germany +2.5%; Greater China +18.4%; India -0.5%

n LFL revenue less pass-through costs by business sector: Global Integrated Agencies +2.8% (GroupM +5.8%), Public Relations +2.0%, Specialist Agencies +7.5%

n $1.3 billion net new business won

n Continued progress against strategic plan: technology/commerce acquisitions, buy-in of WPP AUNZ minority, launch of Choreograph, share buyback ongoing

n 2021 guidance reiterated


https://www.investegate.co.uk/wpp-plc-- ... 00047906W/

idpickering
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Re: WPP PLC (WPP)

#432586

Postby idpickering » August 5th, 2021, 7:30 am


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Re: WPP PLC (WPP)

#432597

Postby idpickering » August 5th, 2021, 7:48 am


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Re: WPP PLC (WPP)

#432641

Postby TheMotorcycleBoy » August 5th, 2021, 9:58 am

idpickering wrote:Share buy-back programme

https://www.investegate.co.uk/wpp-plc-- ... 45026243H/

And a 25% increase in the div. Looks like a good interim statement in all areas.

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Re: WPP PLC (WPP)

#453765

Postby monabri » October 28th, 2021, 7:52 am

https://www.investegate.co.uk/wpp-plc-- ... 00034987Q/


"Third Quarter Trading Update

Very strong Q3 performance: LFL revenue less pass-through costs +15.7% year-on-year, and +6.9% on 2019; full year guidance raised to +11.5-12.0% LFL"

idpickering
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Re: WPP PLC (WPP)

#484253

Postby idpickering » March 4th, 2022, 10:07 am

Share Buy-Back Programme

WPP announces that it has entered into an agreement with Goldman Sachs International ("Goldman Sachs") on 4 March 2022 in relation to the purchase by Goldman Sachs of WPP's ordinary shares of 10 pence each ("Ordinary Shares") for an aggregate purchase price of up to £200m (the "Programme"). Ordinary Shares acquired by Goldman Sachs under the agreement will be simultaneously on-sold by Goldman Sachs to WPP.

The purchase of shares in accordance with the Programme is expected to commence shortly after 4 March 2022 and a further announcement will be made upon completion. The purpose of the Programme is to reduce the share capital of WPP.


https://www.investegate.co.uk/wpp-plc-- ... 00086026D/

idpickering
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Re: WPP PLC (WPP)

#484345

Postby idpickering » March 4th, 2022, 4:31 pm

WPP to Discontinue Operations in Russia

WPP stands with Ukraine and the international community in condemning the Russian invasion, which has created a humanitarian crisis in the heart of Europe. The Board of WPP has concluded that WPP's ongoing presence in Russia would be inconsistent with our values as a company, and we are therefore discontinuing our operations in the country.

WPP has nearly 1,400 people in Russia who have been dedicated and valued members of our organisation, and we thank them for their commitment to the company and our clients. We deeply regret the impact of this decision on our Russian colleagues. We will provide support to them and work closely with our clients and partners as we discontinue our activities in the country.

Our 200 people in Ukraine have shown extraordinary resilience and bravery in the face of the horrific attack on their country, and we have been inspired by their example and the outpouring of support from their colleagues in the region and worldwide. We are in constant contact with our leaders in Ukraine to provide financial and other forms of practical assistance for our employees.

WPP has partnered with UNHCR, the UN Refugee Agency, to run an emergency fundraising appeal to help people forced to flee their homes in search of safety in other parts of Ukraine or neighbouring countries. We are also match-funding all donations by WPP employees.


https://www.investegate.co.uk/wpp-plc-- ... 01357443D/

idpickering
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Re: WPP PLC (WPP)

#519971

Postby idpickering » August 5th, 2022, 7:10 am

2022 Interim Results

H1 and Q2 financial highlights

n Client demand strong across most segments and regions

n H1 reported revenue up 10.2%, LFL revenue 8.7% (Q2 9.3%)

n H1 revenue less pass-through costs up 12.5%, LFL revenue less pass-through costs up 8.9% (up 9.4% on H1 2019)

n Q2 LFL revenue less pass-through costs up 8.3%: US 10.4%, UK 6.2%, Germany 11.5%, China (6.1)% (affected by lockdowns), Australia 3.2%

n Strong new business performance: $3.4 billion net new billings in H1

n H1 headline operating profit margin 11.6%, down 0.5pt on prior year as expected, as a result of higher personnel costs and a return to business travel

n Trade working capital cash outflow £232 million year-on-year; still expected to be around flat year-on-year at year-end

n Adjusted net debt at 30 June 2022 £3.1 billion, up £1.6 billion year-on-year after £1.1 billion of share buybacks since June 2021

Strategic progress, shareholder returns and outlook

n Continued recognition of extraordinary creativity: WPP awarded most creative company at Cannes Lions for second year running

n Faster growth areas of experience, commerce and technology around 39% of revenue less pass-through costs in Global Integrated Agencies ex-GroupM in H1

n Strong performance by industry sector: H1 LFL revenue less pass-through costs growth 12% in Technology, 7% in CPG and 7% in Healthcare

n Investing for growth: enhancing our data capabilities through Choreograph and launch of Everymile, direct-to-consumer ecommerce offer

n Focused M&A: acquisition of Village Marketing to accelerate creator economy growth and Bower House Digital, a leading marketing technology agency

n Further simplification to enhance offer to clients: creation of EssenceMediacom and Design Bridge and Partners

n Transformation programme on track to deliver expected £300 million of annual savings this year over a 2019 base

n £637 million share buybacks in H1, total of £800 million to be completed in 2022; 15.0p 2022 interim dividend declared, +20%

n Full year 2022 LFL revenue less pass-through costs growth now expected to be 6.0-7.0%; headline operating profit margin up around 50 bps.

And later;

Ordinary dividends

The Board has recommended an interim dividend of 15.0p (2021: 12.5p) per ordinary share. This is expected to be paid on 1 November 2022 to shareholders on the register at 14 October 2022. The Board recommended a final dividend of 18.7p per ordinary share in respect of 2021. This was paid on 8 July 202


https://www.investegate.co.uk/wpp-plc-- ... 00080153V/

Ian.

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Re: WPP PLC (WPP)

#520004

Postby monabri » August 5th, 2022, 9:49 am

WPP and Hargreaves Lansdown both published updates today. The WPP results (above) seemed quite positive whilst HL's were a bag of spanners.

I was surprised to see WPP's shareprice tank by 8% ( as I post) yet HL's increased.

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Re: WPP PLC (WPP)

#520010

Postby simoan » August 5th, 2022, 10:03 am

monabri wrote:WPP and Hargreaves Lansdown both published updates today. The WPP results (above) seemed quite positive whilst HL's were a bag of spanners.

I was surprised to see WPP's shareprice tank by 8% ( as I post) yet HL's increased.

It's called reversion to the mean! WPP results were not quite as positive as expected and HLs were not more negative than expected, so two different perspectives relative to market expectations. I hold both and read both reports. HL are currently investing heavily in their platform which for me is already easily the best available for retail investors i.e. their mobile app is on a different level. Also their Active Savings product seems to be making very good progress. But that's for another thread, not this one!

All the best, Si

idpickering
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Re: WPP PLC (WPP)

#526729

Postby idpickering » September 1st, 2022, 7:09 am

WPP acquires ecommerce consultancy Newcraft.

WPP today announces that it is acquiring Newcraft, a leading, data-first European ecommerce consultancy based in the Netherlands.

Newcraft unlocks business opportunities for its global clients including Ahold Delhaize, Pon Holdings, Yakult and JDE Peet's by combining transformation strategy with operational commerce expertise to deliver growth and tangible business results. Founded in 2007, Newcraft supports organisations in realising change, reaching growth targets and mastering digital capabilities.

The 155-strong business will join the Wunderman Thompson global network, complementing its well-established commerce and marketing services teams in Northern Europe.


https://www.investegate.co.uk/wpp-plc-- ... 00058230X/

Ian.

idpickering
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Re: WPP PLC (WPP)

#528645

Postby idpickering » September 8th, 2022, 4:37 pm

Share buyback programme.

WPP announces that it has today entered into a non-discretionary agreement with Citigroup Global Markets Limited ("Citi") in relation to the purchase by Citi, acting as riskless principal, of WPP's ordinary shares of 10 pence each ("Ordinary Shares") for an aggregate purchase price of up to 170m (the "Programme"). Ordinary Shares acquired by Citi under the agreement will be simultaneously on-sold by Citi to WPP. The purchase of shares in accordance with the Programme will take place during the period commencing 8 September 2022 and ending no later than 31 December 2022. The purpose of the Programme is to reduce the share capital of WPP.

Any purchase of Ordinary Shares contemplated by this announcement will be carried out on the London Stock Exchange and/or other trading venues1 and will be effected within certain pre-set parameters. WPP's shareholders generally authorised WPP to purchase up to a maximum of 112,249,376 Ordinary Shares at its 2022 Annual General Meeting held on 24 May 2022, subject to certain limitations, and a resolution to renew this authority is expected to be put to WPP's 2023 Annual General Meeting in the ordinary course (such authority, as amended or renewed from time to time, the "Authority"). The aggregate number of Ordinary Shares acquired by WPP pursuant to the Programme shall not exceed the maximum number of Ordinary Shares which WPP is authorised to purchase pursuant to the Authority. The current Authority expires on the earlier of the date of the Annual General Meeting of WPP to be held in 2023 and 1 September 2023. The Programme will be executed in accordance with (and subject to the limits prescribed by) the Authority and will be conducted within the parameters prescribed by the Market Abuse Regulation 596/2014/EU (as in force in the UK and as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019), the Commission Delegated Regulation 2016/1052/EU (as in force in the UK and as amended by the FCA's Technical Standards (Market Abuse Regulation) (EU Exit) Instrument 2019) and in accordance with Chapter 12 of the UK Listing Rules. Any market repurchase of Ordinary Shares will be announced no later than 7.30am on the business day following the calendar day on which the repurchase occurred.


https://www.investegate.co.uk/wpp-plc-- ... 00036882Y/

Ian.

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Re: WPP PLC (WPP)

#531290

Postby idpickering » September 21st, 2022, 3:29 pm

WPP acquires leading communications agency JeffreyGroup.

WPP today announces the acquisition of JeffreyGroup , one of the most respected independent corporate communications, public affairs, and marketing consulting firms in Latin America.

JeffreyGroup will join the Hill+Knowlton Strategies international network and will create the largest global communications agency presence in Latin America, doubling Hill+Knowlton Strategies' footprint in the region. Headquartered in Miami, with 330 people across offices in Mexico City, Brasilia, Rio de Janeiro, São Paulo and Buenos Aires, JeffreyGroup has been a powerhouse in Latin America for nearly three decades.

The agency specialises in developing innovative, award-winning brand and corporate communications programmes and public affairs strategies for clients across a broad range of industries, including Amazon, American Airlines, AstraZeneca, Bacardí, Bayer, BlackRock, Johnson & Johnson, Marriott International, Salesforce, TikTok, and Walt Disney World Resorts. JeffreyGroup also recently earned more nominations than any other agency in PRovoke Media's upcoming 2022 Latin America SABRE Awards.


https://www.investegate.co.uk/wpp-plc-- ... 15040486A/

Ian.

idpickering
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Re: WPP PLC (WPP)

#534959

Postby idpickering » October 5th, 2022, 1:09 pm

Notification of Trading Update.

WPP will announce its Third Quarter Trading Update for the three months ended 30 September 2022 on 26 October 2022.


https://www.investegate.co.uk/wpp-plc-- ... 00047901B/

Ian.

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Re: WPP PLC (WPP)

#535323

Postby idpickering » October 6th, 2022, 2:32 pm

Acquisition.

WPP acquires branding agency Passport to expand creative and design offerings

WPP today announces the acquisition of Passport Brand Design , a leading brand design agency based in Southern California.

Founded in 2004 by Natalie Taormina and Jeremy Creighton, Passport brings extensive brand identity, design expertise and insight into WPP and works across a broad range of consumer categories and global markets, spanning Australia and Asia to North America.

Passport has developed a reputation for creating highly impactful, innovative and results-driven campaigns for clients such as Coca-Cola, Kraft and Heineken. The agency will join VMLY&R's global network, creating exciting new partnership opportunities for existing talent and clients and expanding VMLY&R's presence in the West Coast region.

Passport will enhance client experiences and WPP's ability to continue delivering client services with integrated solutions. The acquisition is part of WPP's accelerated growth strategy and focused M&A approach to advance its core creative capabilities in marketing, communications and design.


https://www.investegate.co.uk/wpp-plc-- ... 30000537C/

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