News Page for: WPP Group, WPP (graph)

Add some news

  

Select which new item to go to:

 

Item
Date
Source & Article
1
 11 Aug 2000 11/08/2000 09:19:32 WPP Group : Holding in company CGNU has a notifiable interest of 26,327,909 (3.4%) shares in the company. ICV Edited News END (FM) 09:19 Aug 11 2000
2
12th Aug 2000
 FT: The Interim Divis are due next week. So did anyone see the results? It was 3.1 total last year.
3
20th Aug 2000
 FT: Sir Martin Sorrell, founder & boss of WPP, walked into the last global advertising downturn wearing a lead suit. In the ensuing scrabble, WPP was all but done for. So news that he is taking steps to protect WPP "in preperation for greater volatility" had a certain piquancy. Lex [Luther?-IRW] saluted his efforts which involve increasing reliance on easily cuttable freelance staff, but said WPP's main challenge was to extract growth from its current acquisition Young & Rubicam. WPP's 1/2 year operating profits rose 23% to £146m.
4
24th Oct 2000
 Times: 24/10/00 WPP: If the crash in investor confidence towards Internet stocks is to have a significant impact on the fortunes of established companies, WPP may be the first in the line of fire. But 3rd quarter profit figures posted yesterday produced no evidence of dot.com fall-out. WPP was looking as impressive yesterday as at any other time in recent history. Dot.com uncertainty has already undermined the shares of the worlds largest advertising agency, however. They trade 34% below their spring peak. As much as 15% of WPPs revenues are internet related and while that does not equate to a dominant influence, it will be enough to the firm off course if the revenue disapears. In addition it may be too early for the dot.com down side to have fed through to harm WPP. The real test will come when venture capital - backing so much web enterprises - runs out and the start-ups have to stand on their own two feet. Shareholders are also awaiting evidence that WPPs acquisition of Young & Rubicam, finalised earlier this month, works out. But while WPP has its challenges, its shares trade at the equivalent of less than 30 times estimates for year 2001 EPS. That is a reasonable price for a world leading company in an industry with good potential. WPP will continue to benefit from the modern business practice which elevates the importance of marketing. Branding may sustain WPP if internet busenesses or economic growth at large dissapoints. WPP is also tightly run. It was especially encouraging to see it reassert its commitment to raising operating profit margin from 13.4% to 14% in 2000. Hold
5
4th Nov 2000
 Director buys: 2K shares worth £18m02, 1 director. he paid £9.01/share.
.
.
 .
.
.
 .
.
.
 .