WPP.L - WPP plc

LSE - LSE Delayed price. Currency in GBp
1,245.00
+19.00 (+1.55%)
At close: 4:35PM BST
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Previous close1,226.00
Open1,240.00
Bid1,180.00 x 593300
Ask1,300.00 x 208500
Day's range1,235.00 - 1,257.00
52-week range1,074.00 - 1,610.00
Volume4,128,883
Avg. volume5,639,755
Market cap15.709B
Beta0.77
PE ratio (TTM)8.74
EPS (TTM)142.40
Earnings date4 Sep 2018
Forward dividend & yield0.60 (5.04%)
Ex-dividend date2018-06-14
1y target est1,390.62
  • The Wall Street Journal5 days ago

    [$$] WPP Has a New Rival: Its Founder

    WPP PLC said Tuesday its former Chief Executive Martin Sorrell has jeopardized his right to share awards worth around £20 million ($26.5 million), the latest salvo in a bitter breakup between the advertising giant and its former leader. WPP’s contention against its 73-year-old founder came on the day Mr. Sorrell announced a deal to buy Netherlands-based MediaMonks, his first acquisition since leaving WPP in April. WPP also sought the Dutch digital production agency, showing Mr. Sorrell is shaping up as a rival to his former firm.

  • Sorrell takes issue with WPP as he wins MediaMonks race
    Sky News5 days ago

    Sorrell takes issue with WPP as he wins MediaMonks race

    Sir Martin Sorrell has dismissed anger at WPP (Frankfurt: A1J2BZ - news) after his new business venture beat the FTSE 100 advertising giant to buy digital agency MediaMonks. The 73-year old businessman's S4 Capital confirmed on Tuesday it was to snap up the Dutch company, thought to be worth £265m, for an undisclosed sum. WPP had warned Sir Martin, who left the company he founded in April as it examined allegations of personal misconduct against him, that his bid was " unlawful" and it could seek to strip him of WPP shares awards worth up to £20m .

  • Tempers flare as Sorrell beats WPP in battle for Dutch agency
    Reuters5 days ago

    Tempers flare as Sorrell beats WPP in battle for Dutch agency

    Martin Sorrell beat WPP (WPP.L) in the race to buy a Dutch digital agency on Tuesday, infuriating his former company and revealing the animosity raging between the two sides. Sorrell left the world's biggest advertising group WPP in April over a complaint of personal misconduct. Leaving without a non-compete clause, he set up a new company weeks later and took on his former firm in a bid battle for the agency MediaMonks.

  • Reuters - UK Focus5 days ago

    Tempers flare as Sorrell beats WPP in battle for Dutch agency

    Martin Sorrell beat WPP (Swiss: OXWPP.SW - news) in the race to buy a Dutch digital agency on Tuesday, infuriating his former company and revealing the animosity raging between the two sides. Sorrell left the world's biggest advertising group WPP in April over a complaint of personal misconduct. Leaving without a non-compete clause, he set up a new company weeks later and took on his former firm in a bid battle for the agency MediaMonks.

  • Sorrell beats ex-employer WPP to buy MediaMonks
    Sky News5 days ago

    Sorrell beats ex-employer WPP to buy MediaMonks

    Sir Martin Sorrell has beaten his former employer WPP (Frankfurt: A1J2BZ - news) to buy digital agency MediaMonks for an undisclosed sum. Sir Martin's S4 Capital had taken on WPP in a bitter battle to take control of the Dutch company, thought to be worth £265m. WPP, the FTSE 100 company he founded, warned Sir Martin that his bid was " unlawful" and it would strip him of his WPP shares worth £20m .

  • Former WPP boss Martin Sorrell buys Dutch digital agency
    Sky News5 days ago

    Former WPP boss Martin Sorrell buys Dutch digital agency

    Sir Martin Sorrell has beaten his former employer WPP (Frankfurt: A1J2BZ - news) to buy Dutch digital agency MediaMonks for an undisclosed sum. Mr Sorrell's S4 Capital had taken on WPP in a bitter battle to take control of the Dutch company, thought to be worth €300m (£265m). WPP, the FTSE 100 company he found, warned Mr. Sorrell that his bid was " unlawful" and it would strip him of his WPP shares worth £20m .

  • Martin Sorrell Makes His First Deal After Leaving WPP
    Bloomberg6 days ago

    Martin Sorrell Makes His First Deal After Leaving WPP

    Martin Sorrell’s new venture acquired Dutch digital agency MediaMonks Multimedia Holding BV, beating his former employer WPP Plc in the auction and setting up a possible clash with the advertising powerhouse. Sorrell’s S4 Capital Ltd. is paying the owners of Amsterdam-based MediaMonks in shares of his investment company as well as cash, according to a statement Tuesday that didn’t include other terms. Bloomberg first reported that the deal could come as soon as Tuesday, with Sorrell outbidding WPP and rival suitors to pay about 300 million euros ($352 million).

  • Reuters6 days ago

    PRESS DIGEST - Wall Street Journal - July 10

    July 10 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Martin Sorrell's new marketing venture ...

  • The Wall Street Journal6 days ago

    [$$] Martin Sorrell Outbids WPP to Win MediaMonks

    Martin Sorrell’s new marketing venture has agreed to acquire a Netherlands-based digital production agency, topping a rival bid from the WPP PLC, the advertising giant he spent decades building. Financial terms weren’t disclosed, but people familiar with the matter said Mr. Sorrell’s new venture, which he plans to call S4 Capital, will pay around €300 million ($352 million) for MediaMonks in cash and shares. Mr. Sorrell’s pursuit of MediaMonks shows the 73-year-old executive hasn’t lost his appetite for acquisitions, especially if that means dueling with his former employer over prize assets.

  • Sorrell's S4 Capital beats WPP in bidding war for Dutch agency MediaMonks
    The Telegraph6 days ago

    Sorrell's S4 Capital beats WPP in bidding war for Dutch agency MediaMonks

    Sorrell's S4 Capital beats WPP in bidding war for Dutch agency MediaMonks

  • WPP 'considering MediaMonks bid since November'
    Sky News10 days ago

    WPP 'considering MediaMonks bid since November'

    WPP Group has been working on a takeover of the digital agency MediaMonks since last November, according to lawyers for the FTSE-100 company who claim that a rival bid led by Sir Martin Sorrell is "unlawful". Sky News has learnt that WPP (Frankfurt: A1J2BZ - news) has told its former chief executive, who quit the company in April after more than three decades, that his current negotiations to buy MediaMonks amounted to "an unlawful diversion of a maturing business opportunity for WPP". In its letter to Sir Martin, which also threatened to strip him of share awards potentially worth £20m, the company said he had been "heavily engaged" in WPP's evaluation of a bid for the Dutch agency prior to his departure, and that his "involvement extended to meeting with the MediaMonks management team in the Netherlands and WPP executives… to understand the value of MediaMonks as an acquisition for WPP".

  • Martin Sorrell: WPP's Useful Sideshow
    Bloomberg10 days ago

    Martin Sorrell: WPP's Useful Sideshow

    The set-to between WPP Plc and former CEO Martin Sorrell is becoming increasingly acrimonious. WPP is now threatening to withhold 20 million pounds ($27 million) of stock awards from him, according to Sky News. For Sorrell, it keeps his investment vehicle S4 Capital Ltd. in the news as he prepares to raise as much as 1 billion pounds.

  • The Wall Street Journal11 days ago

    [$$] Martin Sorrell Seeks to Raise Up to $1.3 Billion for New Ad Venture

    WPP PLC founder Martin Sorrell has sent a letter to shareholders of his new marketing venture seeking their approval to raise up to £1 billion ($1.32 billion) to fund acquisitions. In looking to build a war chest, Mr. Sorrell is positioning his new firm—to be named S4 Capital—to go head-to-head with his former company and other major advertising firms that are targeting similar acquisitions. On Tuesday, The Wall Street Journal reported that Mr. Sorrell and WPP had submitted rival bids for Mediamonks, a Netherlands-based digital creative agency, ahead of a deadline last week.

  • WPP threatens Sorrell's £20m payoff over Dutch agency bid
    Sky News11 days ago

    WPP threatens Sorrell's £20m payoff over Dutch agency bid

    WPP Group is threatening to strip its former chief executive Sir Martin Sorrell of share awards worth potentially tens of millions of pounds over his new venture's €300m (£265m) bid to launch a rival multinational network. Sky News can exclusively reveal that WPP (Frankfurt: A1J2BZ - news) , the FTSE-100 marketing services group that Sir Martin spent three decades building into the biggest global business of its kind, has written to him alleging that he is "likely to be in breach of his confidentiality obligations". The row has arisen because Sir Martin's new vehicle, S4 Capital, is in talks to buy MediaMonks, a Dutch digital agency, which is also the subject of takeover interest from WPP.

  • Reuters11 days ago

    WPP warns Sorrell he could lose payout over M&A clash - source

    Martin Sorrell is at risk of losing his multi-million pound exit package from WPP (WPP.L) after his new advertising venture sought to buy a business that his former employer is also pursuing, a person familiar with the matter told Reuters. The letter comes as WPP competes with Sorrell's new venture, S4 Capital, in the race to buy Dutch digital agency Mediamonks. Sorrell left WPP without a non-compete clause.

  • Reuters - UK Focus11 days ago

    WPP warns Sorrell he could lose payout over M&A clash - source

    Martin Sorrell is at risk of losing his multi-million pound exit package from WPP (Swiss: OXWPP.SW - news) after his new advertising venture sought to buy a business that his former employer is also pursuing, a person familiar with the matter told Reuters. The letter comes as WPP competes with Sorrell's new venture, S4 Capital, in the race to buy Dutch digital agency Mediamonks. A source close to S4 Capital said it viewed the letter as a mischievous attempt to disrupt its bid.

  • WPP fires warning shot in bidding battle with Sorrell
    The Telegraph11 days ago

    WPP fires warning shot in bidding battle with Sorrell

    WPP fires warning shot in bidding battle with Sorrell

  • WPP sparks Sorrell legal battle ‎over agency bid
    Sky News11 days ago

    WPP sparks Sorrell legal battle ‎over agency bid

    WPP Group is threatening to strip its former chief executive Sir Martin Sorrell of share awards worth potentially tens of millions of pounds over his new venture's €300m (£265m) bid to launch a rival multinational network. Sky News can exclusively reveal that WPP (Frankfurt: A1J2BZ - news) , the FTSE-100 marketing services group that Sir Martin spent three decades building into the biggest global business of its kind, has written to him alleging that he is "likely to be in breach of his confidentiality obligations". The row has arisen because Sir Martin's new vehicle, S4 Capital, is in talks to buy MediaMonks, a Dutch digital agency, which is also the subject of takeover interest from WPP.

  • WPP in bidding war with Sorrell's new ad agency 
    The Telegraph12 days ago

    WPP in bidding war with Sorrell's new ad agency 

    WPP in bidding war with Sorrell's new ad agency 

  • The Wall Street Journal12 days ago

    [$$] WPP and Martin Sorrell Submit Rival Bids for Digital Creative Agency

    The ad holding company submitted an offer for Netherlands-based digital creative agency MediaMonks ahead of last Friday’s deadline for bids to buy the firm, according to a person familiar with the matter. A rival bid was put in by Mr. Sorrell’s new venture, S4 Capital, another person said. Founded in 2001, MediaMonks produces games, films and websites, often to serve the needs of advertising agencies.

  • WPP clashes with Sorrell venture in €300m Dutch auction
    Sky News12 days ago

    WPP clashes with Sorrell venture in €300m Dutch auction

    WPP Group has become embroiled in a bidding war with the new venture set up by Sir Martin Sorrell, less than three months after he quit the FTSE-100 company that he built into the world's biggest marketing services group. It is, however, the rival bids from WPP and S4 Capital, Sir Martin's new holding company, that will generate frenzied interest both in the City and the marketing services industry. S4's involvement in the €300m (£265m) auction was reported on Monday night by the Financial Times, but WPP's simultaneous participation in the process has not previously been disclosed.

  • Bloomberg13 days ago

    Sorrell Wins Support From Hedge Fund Owner Odey in Comeback Plan

    Martin Sorrell has won financial backing from Crispin Odey, an influential London investor, for his new venture after leaving the world’s largest advertising company. “People have made a lot of money with Martin and he doesn’t look like a man who wants to rest,” Odey, founder of hedge fund firm Odey Asset Management, said in a phone interview. The support from one of Britain’s best known fund managers is a vote of confidence in Sorrell, who was ousted as chief executive officer from WPP Plc in April after an investigation into alleged personal misconduct.

  • The Wall Street Journal17 days ago

    [$$] WPP Probes Emails Sent to Current, Ex-Employees After Sorrell’s Exit

    WPP PLC said it has asked outside lawyers to investigate a handful of anonymous, encrypted emails sent to current and former employees. Some of the emails contained messages taken from a WhatsApp group that included former executive assistants to Martin Sorrell, who resigned as chief executive of the advertising giant in April, according to a person familiar with the matter. The WhatsApp group was used in part to coordinate Mr. Sorrell’s travel, the person said.

  • The Wall Street Journal23 days ago

    Cannes Ad Festival Reflects Advertising’s Changing Guard

    CANNES, France—This year’s Cannes Lions advertising festival, Madison Avenue’s annual jaunt to the French Riviera, showed all the signs of an industry undergoing wrenching change. The consulting firms, who are trying to edge onto their turf, stepped up their presence, as did other players like China’s Alibaba Group Holding Ltd. and Amazon.com Inc. Fewer yachts for ad-tech companies reflected the turbulence and consolidation in the sector.

  • The Wall Street Journal23 days ago

    [$$] Former WPP CEO Martin Sorrell Denies He Visited a Prostitute and Paid Using Company Money

    CANNES, France—WPP PLC founder Martin Sorrell denied Friday that he visited a prostitute and paid with company money, as he fielded questions about his reasons for resigning as chief executive of the world’s largest advertising company. “It’s not true,” Mr. Sorrell said of the allegation. Speaking on stage at the Cannes Lions advertising festival with Ken Auletta of the New Yorker, Mr. Sorrell was asked about a report in The Wall Street Journal that the company’s board had investigated whether he used company money for a prostitute.

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