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WPP Wpp Plc

812.40
16.00 (2.01%)
26 Apr 2024 - Closed
Delayed by 15 minutes
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
  16.00 2.01% 812.40 811.20 811.80 820.60 800.00 802.00 8,463,087 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Advertising Agencies 14.84B 110.4M 0.1027 79.05 8.73B

WPP Suspends Dividend, Withdraws Guidance

31/03/2020 1:00pm

Dow Jones News


Wpp (LSE:WPP)
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By Matt Grossman

 

WPP on Tuesday suspended a planned GBP950 million share buyback program and suspended its proposed final 2019 dividend of 37.3 pence to preserve cash amid the coronavirus pandemic.

The global advertising company also withdrew its earnings guidance for 2020, citing uncertainty from Covid-19.

WPP said that activity has begun to decline in March after a strong start to the year in markets other than China. In response, the company has frozen hiring, halted discretionary spending and postponed planned raises for its workers.

 

Write to Matt Grossman at matt.grossman@wsj.com

 

(END) Dow Jones Newswires

March 31, 2020 07:45 ET (11:45 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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