|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|PE ratio (TTM)||-26.46|
|Forward Dividend & Yield||2.10 (3.07%)|
|1y target est||N/A|
Shares in WPP (WPP.L) fell more than three percent on Thursday on a triple whammy of bad news for the world's biggest advertising group, less than two months after it issued a major profit warning. WPP, run by high-profile executive Martin Sorrell, sent shockwaves through the industry in August when it cut its sales target after consumer goods giants curbed spending, prompting its shares to fall 11 percent and record their worst day of trading in 19 years. The British company's stock fell 3 percent on Thursday after smaller rival Publicis (PUBP.PA) posted third-quarter sales below forecasts and said the market remained challenging, sending its shares down 7 percent.
LONDON, Oct (Shenzhen: 000069.SZ - news) 19 (Reuters) - Shares (Berlin: DI6.BE - news) in WPP (Frankfurt: A1J2BZ - news) fell more than three percent on Thursday on a triple whammy of bad news for the world's biggest advertising group, less than two months after it issued a major profit warning. WPP, run by high-profile executive Martin Sorrell, sent shockwaves through the industry in August when it cut its sales target after consumer goods giants curbed spending, prompting its shares to fall 11 percent and record their worst day of trading in 19 years. The British company's stock fell 3 percent on Thursday after smaller rival Publicis (Paris: FR0000130577 - news) posted third-quarter sales below forecasts and said the market remained challenging, sending its shares down 7 percent.
Advertising agency Publicis , facing fierce new competition from the growth in online advertising, posted third-quarter sales on Thursday that missed market forecasts and sent its shares lower. The world's ...
French advertising agency Publicis (PUBP.PA), facing fierce new competition with the growth in online advertising, posted third-quarter sales on Thursday that missed market forecasts and sent its shares lower. The world's third-largest advertising group behind WPP (WPP.L) and Omnicom (OMC.N) said sales had risen 1.2 percent on a like-for-like basis to 2.264 billion euros ($2.67 billion). Publicis's shares slid 5.1 percent to 59.01 euros in early trading, making the stock the worst performer on France's benchmark CAC-40 index (.FCHI).
PARIS (Reuters) - Shares in Publicis (PUBP.PA) fell on Thursday after the French advertising group posted third quarter sales that came in below market forecasts. Publicis shares were down 4.5 percent ...
France’s Publicis posted a 1.2% rise in third-quarter revenue, a result that could help ease the widespread investor panic that has engulfed the advertising sector since the last round of earnings.
Growth in North American advertising spending in 2017 is being lifted by Canada's buoyant economy and is outpacing growth in Western and Central Europe where Britain's political and economic uncertainty has weighed, a leading forecaster said. A slowdown in Britain would drag down spending growth in Western and Central Europe to 2 percent in 2017 from 3.9 percent last year, Zenith said, adding it expected average annual growth in the region of 2.6 percent to 2019.
France's Publicis (Paris: FR0000130577 - news) said on Thursday it regained a little traction in the second quarter, driven by a surge in revenue in its biggest regional market, North America. The Paris-based group has gone through an internal reorganisation over the last 18 months, dubbed "The Power of One", aimed at fostering greater cooperation between its myriad agencies and is strongly backed by the newly-appointed chief executive Arthur Sadoun. Sadoun, 46, replaced company veteran Maurice Levy last month and shocked the industry by announcing Publicis would skip all major ad award events for a year to focus on the creation of a sophisticated internal network, built by Sapient, the ad firm it acquired for $3.7 billion.
Over the course of 30 years, French advertising and PR firm Publicis has achieved a lot with Maurice Levy at its helm, however, it wasn’t always smooth sailing.
The outgoing CEO of one of the world's most influential advertising agencies, Publicis, is not looking to retire anytime soon.
WPP (Frankfurt: A1J2BZ - news) and Publicis (Paris: FR0000130577 - news) said on Friday the world's biggest annual advertising industry conference in Cannes had become costly, too scattered and should return to its roots of solely promoting agencies' creativity. "Cannes has to change," WPP's chief executive Martin Sorrell told Reuters. "If we would be starting the concept again today, what would we do differently?" he added, saying he would prefer it if the conference took place in another city and at another time.
** UBS initiates publishing peers Publicis and WPP PLC with "buy" as topline expected to rebound ** Sales recovery seen after softness in the US -- UBS considers cos "attractive" and ...
France's Publicis (Paris: FR0000130577 - news) said on Thursday it suffered less than expected in the first quarter from past losses on big U.S. media accounts, prompting it to see a recovery in the second half of this year. The world's third-largest advertising group said its underlying sales dropped by 1.2 percent over the first three months of the year to 2.33 billion euros ($2.49 billion), beating a Reuters poll of a drop of 1.9 percent. "Instability continues to prevail in the international environment, causing companies to proceed with great caution despite strong balance sheets," Publicis' chief executive Maurice Levy said.
Publicis paid a hefty price for its acquisition of ad firm Sapient on Thursday, with a 1.4 billion-euro writedown on its Publicis.Sapient arm pushing the French group to an annual loss and underlining the challenge for its new chief executive. The French advertising group paid a 44 percent premium for Sapient, a price that puzzled many investors and analysts when the $3.7 billion deal was struck two years ago after the failed attempt to merge Publicis with rival Omnicom in 2014. Thursday's total writedown of 1.44 billion euros casts a shadow over the legacy of departing CEO Maurice Levy, as the acquisition was meant to move Publicis closer to competing with companies like Accenture (NYSE: ACN - news) in digital consulting.
Arthur Sadoun will take over as chief executive of advertising company Publicis Groupe SA (LSE: 0FQI.L - news) from longtime CEO Maurice Levy on June 1, the company said on Thursday. Paris-based Publicis Groupe is the third-largest ad company in the world, part of what is considered the "Big Four" agency companies, along with WPP PLC (Frankfurt: A1J2BZ - news) , Interpublic Group of Companies Inc and Omnicom Group Inc (Frankfurt: 871706 - news) . Currently, Sadoun oversees all of Publicis (Paris: FR0000130577 - news) ' creative agencies, including Saatchi & Saatchi and Leo Burnett.
Business circles remain optimistic about the future economic policies of U.S. President-elect Donald Trump, Publicis Chief Executive Officer Maurice Levy said on Friday. Levy also expressed caution over prospects for Publicis' fourth quarter, saying they were "rather uncertain", due to companies' reviews of marketing budgets at the end of the year. "Trump's election, following the initial surprise, was rather reassuring," Levy said in an interview on the sidelines of Morgan Stanley (Xetra: 885836 - news) 's Technology, Media and Telecoms conference (TMT) in Barcelona.
Shares in France's Publicis Groupe SA fell on Thursday after underlying third-quarter sales growth stalled, undershooting forecasts, and as the company's boss expressed caution over the prospects for next ...