New contract wins help WPP to improved second-quarter trading. Read more:
“The investment case at WPP is all about the multiple where the significant discount the group suffers vs peers ... is entirely down to the perception that WPP’s growth has permanently diverged from the peers,” analysts at Citi said.
A company veteran, Read was forced to act after clients complained that its 130,000 staff were too slow to provide content in a digital world. A disposal program, including the planned sale of a 60% stake in market research arm Kantar, is set to raise 3.6 billion pounds , enabling it to reduce debt and return proceeds to shareholders.
FILE PHOTO: Branding signage is seen for WPP Group, the largest global advertising and public relations agency at their offices in London, Britain, July 17, 2019. REUTERS/Toby Melville/File Photo
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