Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWPP Share News (WPP)

Share Price Information for WPP (WPP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 724.40
Bid: 722.00
Ask: 722.40
Change: -16.60 (-2.24%)
Spread: 0.40 (0.055%)
Open: 740.00
High: 740.40
Low: 721.60
Prev. Close: 741.00
WPP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Britain's FTSE lags Europe after ECB extends stimulus

Thu, 08th Dec 2016 17:02

* FTSE 100 up 0.4 pct

* ECB helps FTSE into positive territory

* Capita falls 14 pct after profit warning

* Sports Direct down after weak results (ADVISORY- Follow European and UK stock markets in real time onthe Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)

By Alistair Smout and Kit Rees

LONDON, Dec 8 (Reuters) - UK shares rose overall on Thursday- though not as much as European shares after the EuropeanCentral Bank extended its stimulus programme - while outsourcingfirm Capita tumbled after a profit warning.

The blue chip FTSE 100 index was up 0.4 percent at6,931.55 points by the close, hitting its highest level in onemonth, though euro zone blue chips outpaced Britishshares to end 1.4 percent higher.

European shares rose, helped by strength in banks followingthe European Central Bank's decision to extend its assetpurchase programme by 9 months, longer than had been expected,while cutting the size of monthly purchases.

Shares were choppy after the announcement, but turnedhigher. The ECB loosened restrictions on the assets it couldpurchase and President Mario Draghi gave a dovish pressconference where he said the level of purchases could rise againif needed.

"Despite the reduction in the amount of asset purchases fromApril 2017, a somewhat longer than expected extension in the QEtimeline (to the end of December) as well as the overall dovishtone of the press conference, suggest that the high level ofmonetary accommodation in the Euro area remains in place," saidAnna Stupnytska, global economist at Fidelity International.

The announcement helped Britain's FTSE 100 into positiveterritory after early falls, though a slump in Capitacontributed to the index's underperformance.

Capita, the top faller, plunged 14 percent and hit itslowest since July 2006 after a second profit warning in threemonths, blaming Brexit-related client indecision. It said itwould sell assets and trim costs to protect its balance sheet.

Outsourcing firms have been under pressure since Britainvoted to leave the European Union in June. Shares in peer Mitie, which issued a second profit warning in November, fell1.3 percent.

Disappointing results hit shares in mid-cap sporting goodsretailer Sports Direct, which dropped more than 8percent. Its shares are down 50 percent so far in 2016, havingbeen hit by a plunge in sterling following the Brexit vote aswell as criticism over the treatment of its workers.

Betting companies William Hill and Ladbrokes CoralGroup fell 6 percent and 2.8 percent following a mediareport about a clampdown on betting machines.

Towards the top of the FTSE 100, tour operator TUI rose 2 percent after extending its existing profit forecast foranother year.

Advertiser WPP rose 4.6 percent to top the blue chipindex after an upgrade to "buy" from "hold" from Jefferies,whose analysts said they expected a limited impact on the firmfrom a reported U.S. Justice Department investigation into theindustry.

The report had knocked back WPP shares in the previoussession. (Editing by Tom Heneghan)

More News
13 Oct 2021 09:00

WPP's Finsbury Glover plans merger for strategic communications leader

WPP's Finsbury Glover plans merger for strategic communications leader

Read more
13 Oct 2021 07:51

WPP's Finsbury Glover Hering to merge with SVC

(Sharecast News) - WPP announced on Wednesday that its majority-owned subsidiary Finsbury Glover Hering, and Sard Verbinnen & Co (SVC), have reached agreement on the terms of a merger to create a "leading" strategic communications firm.

Read more
13 Oct 2021 07:46

LONDON MARKET PRE-OPEN: UK GDP disappoints; THG notes share plunge

LONDON MARKET PRE-OPEN: UK GDP disappoints; THG notes share plunge

Read more
7 Oct 2021 16:06

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
24 Sep 2021 17:42

Ad giant WPP will pay USD19 million to settle US bribery charges

Ad giant WPP will pay USD19 million to settle US bribery charges

Read more
24 Sep 2021 15:31

UPDATE 2-WPP pays $19 million in bribery settlement with U.S. SEC

(Adds WPP response, details)By Katanga JohnsonWASHINGTON, Sept 24 (Reuters) - Britain's WPP has agreed to pay more than $19 million in a settlement with U.S. authorities relating to bribery allegations and accounting controls for its subsidiaries,...

Read more
24 Sep 2021 15:31

UPDATE 1-WPP pays $19 million in settlement with U.S. SEC

(Adds details)By Katanga JohnsonWASHINGTON, Sept 24 (Reuters) - The U.S. Securities and Exchange Commission (SEC) said on Friday that Britain's WPP had agreed to pay more than $19 million to resolve charges that it violated the anti-bribery, books...

Read more
24 Sep 2021 14:00

U.S. SEC charges world's largest advertising group with FCPA violations

WASHINGTON, Sept 24 (Reuters) - The U.S. Securities and Exchange Commission (SEC) said on Friday that it has charged the world's largest advertising group, WPP, to pay more than $19 million to resolve charges that it violated the anti-bribery, bo...

Read more
17 Sep 2021 09:13

S4 Capital buys Colombian-American firm Zemoga, expanding tech offer

S4 Capital buys Colombian-American firm Zemoga, expanding tech offer

Read more
17 Sep 2021 07:22

UPDATE 1-Martin Sorrell's S4 Capital acquires tech services group Zemoga

(Adds sector background)LONDON, Sept 17 (Reuters) - Martin Sorrell's S4 Capital has struck a deal to buy Zemoga, a technology services company that provides a new route for the rapidly growing digital advertising group to win work from multination...

Read more
17 Sep 2021 06:53

Martin Sorrell's S4 Capital acquires tech services group Zemoga

LONDON, Sept 17 (Reuters) - Martin Sorrell's S4 Capital has struck a deal to buy Zemoga, a technology services company that provides a new route for the rapidly growing digital advertising group to win work from multinational clients.Sorrell, the...

Read more
13 Sep 2021 09:35

UPDATE 1-Sorrell's S4 Capital raises annual profit outlook for a third time

(Adds details, quotes)LONDON, Sept 13 (Reuters) - Martin Sorrell's S4 Capital marked its third birthday with a third increase to its profit forecast this year, driven by major brands and tech platforms using the digital-only advertising group to t...

Read more
23 Aug 2021 12:23

LONDON MARKET MIDDAY: Stocks rise ahead of virtual Jackson Hole event

LONDON MARKET MIDDAY: Stocks rise ahead of virtual Jackson Hole event

Read more
23 Aug 2021 09:02

LONDON MARKET OPEN: Sainsbury's jumps on private equity takeover talk

LONDON MARKET OPEN: Sainsbury's jumps on private equity takeover talk

Read more
23 Aug 2021 08:19

TOP NEWS: WPP buys AI firm Satalia to grow machine learning offering

TOP NEWS: WPP buys AI firm Satalia to grow machine learning offering

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.