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The Latest Breaking News from WPP

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

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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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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

The Guardian - UK

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.

Evening Standard

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.”

Fortune

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.

International Business Times 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.

The Independent UK

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.

Fortune

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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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Fortune

Amazon's sweeping RTO mandate might end up being more lax in Europe than in the U.S., report says

Amazon's workers in the U.K. have a legal right to request flexible work, while those in the Netherlands are following earlier guidance on hybrid work.

Fortune

Global ad giant WPP issues sweeping RTO mandate for its 114,000 staff, calling them back to the office 4 days a week

"I believe that we do our best work when we are together in person," CEO Mark Read wrote in the memo viewed by Fortune.

Creative Bloq

When two advertising giants merge, how are creatives affected?

The true impact of the Omnicom/IPG merger: explained.

Benzinga

Omnicom Inks $13 Billion Deal For Interpublic: Will It Topple WPP As Top Ad Company?

Omnicom Group and Interpublic Group are nearing a $13–$14 billion merger to create the largest advertising company, reshaping the industry amidst AI challenges and competition.

Evening Standard

FTSE drops further as pound slides to two-month low

London’s top index finished 47.90 points, or 0.58%, lower to end the day at 8,258.64.

Fortune

How Europe’s tech-shy Fortune 500 is embracing AI

The Fortune 500 Europe has a feeble share of tech companies. But its industrial giants are increasingly turning to generative AI.

Evening Standard

WPP offloads stake in FGS Global for £611 million

Marketing giant WPP has sold its stake in public relations firm FGS Global for £611 million.

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