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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 | |
---|---|---|---|---|---|---|---|---|---|---|
13.80 | 1.87% | 753.60 | 756.80 | 757.00 | 759.80 | 739.60 | 742.60 | 3,103,220 | 16:35:26 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Advertising Agencies | 14.84B | 111.2M | 0.1035 | 73.14 | 8.14B |
By Adria Calatayud
WPP PLC (WPP.LN) said Thursday that its GroupM brand will take full ownership of Indian mobile-marketing agency Madhouse as part of broader plans to increase the group's investments in the country.
The London-based advertising giant said the deal will provide GroupM clients with enhanced access to mobile solutions, advertising products and targeting technology. Madhouse--in which GroupM currently has a 50% stake--has offices in Mumbai, Delhi as well as Bangalore and its clients include some of India's leading brands, WPP said.
WPP said its Sudler, Wunderman and Y&R brands, which now operate as joint-venture agencies with Rediffusion, will be developed as wholly owned agencies. The company will sell its stakes in the current joint ventures, it said.
WPP didn't disclose the value of the increased investments in India.
Write to Adria Calatayud at adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
August 02, 2018 04:38 ET (08:38 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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