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WPP PLC

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  • WPP CEO: We're Not Proud of 2-3% Growth   Friday, 26 Apr 2013 | 2:05 AM ET
    WPP CEO: We're Not Proud of 2-3% Growth

    Martin Sorrell, CEO of WPP, says they face very difficult market conditions and carving out revenue is 'hand to hand combat in the trenches'.

  • Austerity Is Not Real: WPP CEO   Friday, 26 Apr 2013 | 2:05 AM ET
    Austerity Is Not Real: WPP CEO

    Martin Sorrell, CEO of WPP, says the UK has its ups and its downs but the government has not been cutting spending to the degree that people think they have.

  • Sequester Has Been Factored In: WPP CEO   Friday, 1 Mar 2013 | 2:05 AM ET
    Sequester Has Been Factored In: WPP CEO

    Sir Martin Sorrell, CEO of WPP, tells CNBC that ironically confidence is at a pretty high level, high levels of cash, unleveraged balance sheets and improving profits.

  • Bye-Bye, Big Bonuses: Hello Claw-Backs and Caps Thursday, 3 Jan 2013 | 11:16 PM ET
    Big Banks Still Needed to Keep US Competitive: Bove

    Another nail in the coffin of pre-credit crisis bonus culture is set to come with the 2012-13 bonus season.

  • Washington Is 'Fiddling While Rome Burns': Sorrell Saturday, 1 Dec 2012 | 2:59 PM ET
    Sorrell Blasts Washington for 'Fiddling While Rome Burns'

    Advertising tycoon Martin Sorrell says uncertainty across the globe is stifling business, and he criticized Washington for "fiddling while Rome burns."

  • Oct 26- Interpublic Group of Cos, home to advertising agencies McCann Erickson and Draftfcb, missed revenue estimates for the second quarter in a row, with the company warning that growth will slow further this year as clients hold back on spending. Interpublic shares fell 5 percent in late morning trade to $10.04 on the New York Stock Exchange.

  • Oct 26- Interpublic Group of Cos, home to advertising agencies McCann Erickson and Draftfcb, reported a fall in revenue on lower spending by customers and some account losses in 2011..

  • Equities retreat as euro zone crisis hits profits Friday, 26 Oct 2012 | 11:08 AM ET

    LONDON, Oct 26- European equity markets eased on Friday, on track for their worst week in a month on the back of a raft of gloomy corporate outlooks and a darkening technicals picture.

  • European shares dented by glum corporate outlooks Friday, 26 Oct 2012 | 7:48 AM ET

    LONDON, Oct 26- European equity markets eased on Friday, weighed down by a fresh batch of gloomy corporate outlooks with demand for everything from cars to building materials hit by the euro zone crisis.

  • NEW YORK, Oct 25- U.S. stock index futures rose on Thursday, indicating the S&P 500 may rebound from its worst five-day slide in five months, on optimism China's economy may be recovering and ahead of a flurry of economic data and corporate earnings.

  • European shares rise on UK growth, China output outlook Thursday, 25 Oct 2012 | 11:28 AM ET

    *UK Q3 GDP beats expectations; outlook good for China factories. *WPP, Daimler, France Telecom fall on earnings. LONDON, Oct 25- European shares rose on Thursday after China said factory output was set to accelerate and Britain's economy grew faster than expected in the third quarter.

  • European shares rise as China outlook helps lift miners Thursday, 25 Oct 2012 | 8:16 AM ET

    *China factory outlook boosts miners. *WPP, Daimler fall after earnings updates. LONDON, Oct 25- European stocks edged higher on Thursday led by miners after China said factory output was set to accelerate, but profit warnings hit WPP and Daimler.

  • LONDON, Oct 25- WPP, the world's largest advertising group, has cut its revenue outlook for the second time in as many months after a sharp slowdown in September in North America and Continental Europe hit its third quarter.

  • Weak earnings pressure European shares early on Thursday, 25 Oct 2012 | 7:12 AM ET

    LONDON, Oct 25- European shares fell on Thursday as third-quarter results from the likes of WPP and UPM-Kymmene highlighted worries over the outlook for global growth and earnings and helped keep equities in a tight range.

  • 'Grey Swans' Prompt WPP to Cut Outlook Again Thursday, 25 Oct 2012 | 6:30 AM ET

    WPP cut its revenue outlook for the second time this year on Thursday on Europe amid continuing pressure on customer budgets in Europe and North America, WPP CEO Sir Martin Sorrell tol CNBC, highlighting four "grey swans" that threaten the global economy.

  • WPP: Ads income from Olympics, US elex disappoints Thursday, 25 Oct 2012 | 4:29 AM ET

    LONDON-- WPP PLC, the world's largest advertising group, has lowered its full-year outlook after not doing as well as expected from the Olympics, the U.S. presidential campaign and the European soccer championships.

  • WPP says Olympics, US election income disappoints Thursday, 25 Oct 2012 | 3:50 AM ET

    LONDON-- WPP PLC, the world's largest advertising group, has lowered its full-year outlook after not doing as well as expected from the Olympics, the U.S. presidential campaign and the European soccer championships.

  • WPP CEO: We See a Tremendous Degree of Caution   Thursday, 25 Oct 2012 | 2:05 AM ET
    WPP CEO: We See a Tremendous Degree of Caution

    Sir Martin Sorrell, CEO of the world's largest advertising company, WPP, tells CNBC that due to consumer spending on advertising the company generally will lead the downturn and lag the upturn.

  • Investment bank Credit Suisse raises its rating on the advertising agency sector and hotels sector to "benchmark" from "underweight," arguing that the stocks in these sectors could benefit from a rise in U.S. consumer spending. However, the outlook is far less strong in Europe, " Credit Suisse strategists write in a note.

  • Commodities drag FTSE lower on growth worries Wednesday, 10 Oct 2012 | 7:23 AM ET

    *FTSE 100 down 0.4 percent. *US metals firm Alcoa starts earnings on downbeat note. *Smith& Nephew falls on earnings worries.