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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Wpp Plc | LSE:WPP | London | Ordinary Share | JE00B8KF9B49 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
11.40 | 1.44% | 800.60 | 800.40 | 800.80 | 802.20 | 794.20 | 795.60 | 208,489 | 12:05:20 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Advertising Agencies | 14.84B | 110.4M | 0.1027 | 78.09 | 8.62B |
TIDMWPP
RNS Number : 6044W
WPP PLC
02 August 2018
FOR IMMEDIATE RELEASE 2 August 2018
WPP PLC ("WPP")
WPP increases investments in India
WPP today announced investments in its business in India, in line with its long-term growth objectives in this important market.
As part of this, GroupM, the world's leading media investment group, will move to full ownership of the mobile marketing agency Madhouse, from its current 50 percent interest. Madhouse has offices in Mumbai, Delhi and Bangalore and its clients include some of India's leading brands.
Mobile marketing and media consumption is exploding with the growing access to devices, driven by a lower cost of devices and data plans. This acquisition will provide GroupM clients enhanced access to innovative mobile solutions, ad products and targeting technology.
In addition, WPP companies Sudler, Wunderman and Y&R, which now operate as joint venture agencies with Rediffusion, will be developed as wholly-owned agencies, with WPP selling its stakes in the current Rediffusion joint ventures. There will be no change to Wunderman's existing India businesses.
CVL Srinivas, Country Manager for WPP in India, said, "India is a key growth region for us and we have a well-defined road map and vision for what we would like to achieve here. WPP is home to some of the best marketing talent in this country and our plan is to steer our agencies to stay ahead of the curve - in terms of both market and client needs, by providing the best-in-class offerings."
WPP in India will continue to cater to the market's growing demand for integrated and innovative marketing solutions, through strengthening its presence in the areas of data, technology, content and creativity.
Contact: Juliana Yeh, WPP +852 22803790
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(END) Dow Jones Newswires
August 02, 2018 04:00 ET (08:00 GMT)
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