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The Latest Breaking News from WPP

WPP warns of lower profits as clients slash ad spend in 'deteriorating' market

Ad giant says June performance was worse and expected with no sign of a pick up on the horizon in the second half

Evening Standard

FTSE 100 Live 09 July: WPP shares slide, builders pay £100m after CMA probe

A 16-year low for WPP shares and heavy selling of copper miners today failed to stop the FTSE 100 index edging closer to record territory.

Evening Standard

Who Is Mark Read: Leadership Stint at WPP, Resignation, and Views on Future of Advertising

International Business Times UK

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Babcock shines but FTSE 100 gives up early gains

The FTSE 100 index closed down 40.24 points, 0.5%, at 8,718.75.

The Independent UK

FTSE 100 dips while markets watch for US-China talks progress

The FTSE 100 index fell 5.63 points, 0.1%, at 8,832.28

Evening Standard

The ‘death of creativity’? AI job fears stalk advertising industry

WPP and others roll out AI-generated campaigns as Facebook owner Meta plans to let firms create their own ads

The Guardian - UK

WPP boss Mark Read to step down amid AI pressure on advertising

Mr Read took over the top role at the advertising company in 2018 amid a period of upheaval following the resignation of Sir Martin Sorrell.

Evening Standard

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WPP chief Mark Read to step down as ad agency battles AI

CEO to leave global advertising group after three decades, with shares at lowest level in about five years

The Guardian - UK

FTSE 100 Live 09 June: WPP boss to step down, tech firm backs £1.8bn takeover

Hopes of a record push by the FTSE 100 index faded today amid the uncertainty of US-China trade talks and prospect of key economic releases later this week.

Evening Standard

Paramount–Skydance Merger in Crisis: Trump Lawsuit and Cost Cuts Jeopardise Deal

Paramount's board is wary of approving a settlement that could be seen as a bribe while awaiting FCC clearance.

International Business Times UK

WPP’s CEO Mark Read is making a surprise departure. How he led the advertising giant through its toughest chapter

Read has embraced AI’s potential while relying on WPP’s core strength—creativity, which will be more important than ever.

Fortune

Deepfakes gave AI a bad rap but the tech has real uses—it just needs guardrails, experts say

AI leaders have a “duty” to make sure the technology is used in a responsible way, said Daniel Hulme, CEO of Satalia.

Fortune

WPP says US tariffs yet to hit client spending despite sales fall

The FTSE 100 company told shareholders it is making progress despite a ‘challenging’ wider economic backdrop.

Evening Standard

Trump news at a glance: ‘I’m not joking’ – Trump says he could seek third term

Trump also says in interview he was ‘very angry’ with Putin and threatened to bomb Iran – key US politics stories from 30 March 2025

The Guardian - AU

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The Guardian - UK

Advertising giant WPP cuts diversity references from annual report

Owner of Ogilvy and Grey agencies follows other multinationals in dropping or downplaying DEI policies since Trump’s election

Evening Standard

Rolls-Royce boosts FTSE 100 as shares soar on profit upgrade

Shares in the engine manufacturer soared by more than 15% after it also said it would buy back about £1 billion of stock from investors.

Evening Standard

Ad giant WPP shares dive to four-year low as clients spend less money

The London-listed company said its total revenues edged lower in 2024, with the final three months of the year impacted by weaker client spending.

Fortune

WPP stock slumps 15% as ad spending takes a back seat, pushing 2024 revenues down

WPP's CEO Mark Read noted that the revenue slip was partly due to “weaker client discretionary spend.”

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International Business Times UK

Expert Sparks Debate Over Claims WFH Is Destroying UK Businesses And Stifling Innovation

Investor Sarkis M. believes working from home may cause reduced productivity and negative impacts on local businesses. His post has garnered backlash from workers who have benefited from WFH policies.

The Independent UK

Ad giant WPP reported to global watchdog for promotion of polluting clients

Lawyers have filed a complaint to the Organisation for Economic Cooperation and Development on behalf of environmental campaigners.

Fortune

Citi’s Jane Fraser is bucking the RTO trend

CEO Jane Fraser is maintaining a hybrid work policy and positioning the bank's flexibility as a competitive recruitment advantage.

The Guardian - UK

AI systems could be ‘caused to suffer’ if consciousness achieved, says research

Experts and thinkers signed open letter expressing concern over irresponsible development of technology

Fortune

WPP CEO Mark Read dreams of 'getting closer' to the U.S. amid workforce anger over RTO mandate

Despite expansion plans, 2025 could prove tricky for WPP's Read as he rolls out an unpopular RTO mandate.

International Business Times UK

'A Step Backwards in Employee Support': WPP Staff Fire Back On Four-Day Office Return Mandate

A Change.org petition was set up by current WPP employees, who are disgruntled with the company's recent RTO mandate.

The Guardian - UK

Lloyds bankers could face bonus cut if not in office two days a week

Group reviews office attendance as part of performance-related bonus targets for senior employees

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