Main menu
Edison Group
  • Home
  • Equities

    Equities

    View All Equities

    Equities by Sector

    Cordel Group

    MCap

    GBP12m

    Last close

    GBP0.06

    ▲ 0.75 (14.29%)

    NioCorp Developments

    MCap

    USD79m

    Last close

    USD2.04

    ▲ 0.24 (13.33%)

    Cereno Scientific

    MCap

    SEK2,024m

    Last close

    SEK7.20

    ▲ 0.60 (9.09%)

  • Sectors

    Sectors

  • Thematics

    Thematics

    View All Thematics

    Latest

  • Audiovisual

    Audiovisual

    View All Audiovisual

    Latest

Sparks commentary

TMT

Sparks

WPP (LSE:WPP) trims full-year guidance
Published by Fiona Orford-Williams

WPP’s H124 results were mixed, with notably better performance in the US and India offset by more difficult trading in the UK and China and, although there were some improvements in Q2, it was not enough to lift the full-year outlook. Management guide for a dip in revenue of up to 1%, (previously +1%) but there is no change to margin guidance (modest uplift on FY23).

WPP also announced an agreement to sell its majority stake in its strategic communications and advisory business, FGS Global, to KKR (already holds 28%). This will raise c £600m, which will bring WPP’s net leverage back into its targeted range of 1.50–1.75x and emphasises the company’s focus on creative transformation and continuing investment in AI.

Latest

Real Estate | Comment

Dar Global (LSE: DAR) – H1 results highlight corporate progress

TMT | Comment

Ebiquity (LSE:EBQ) – Difficult markets and strategic transition

Healthcare | Comment

Cereno Scientific (OMX: CRNO B) reports CS014 PAH potential

TMT | Comment

SpaceandPeople (LSE: SAL) – Strong promotions rebound

TMT | Comment

Dianomi (LSE: DNM) positioned for advertiser confidence rebuild

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free