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Pin to quick picksWPP Share News (WPP)

Share Price Information for WPP (WPP)

London Stock Exchange
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Share Price: 740.40
Bid: 739.60
Ask: 740.00
Change: 10.20 (1.40%)
Spread: 0.40 (0.054%)
Open: 733.00
High: 746.80
Low: 732.00
Prev. Close: 730.20
WPP Live PriceLast checked at -

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WPP subsidiary acquires Mongolian agency

Fri, 19th Sep 2014 07:29

Advertising, media and communications giant WPP on Friday said its subsidiary Y&R Advertising has acquired Mongolian creative agency MCS Holding LLC.The agency will change its name to Y&R Mongolia and affiliate its business to WPP's global research consultancy TNS.It also said it will be the first ad network to establish a majority-owned agency office in Mongolia, where the economy is forecast to grow at 9.5% this year and 10% in the following year according to the Asian Development Bank.WPP expects to raise its revenues by 45% in the next five years by investing in fast-growth markets and new media.The group said it generates revenues of $5bn in the Asia Pacific region, where it employs half a million people.
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