Wpp Plc Stock Price, News & Analysis

Ogilvy Health's Global CEO, Kate Cronin, has been honored with the 2021 Hall of Femme award from PRWeek, recognizing her significant impact in the public relations industry. As one of 28 women celebrated, she has been a pivotal figure at Ogilvy for 16 years, advocating for diversity and inclusion while leading the company's healthcare practice. Cronin's remarkable career achievements include numerous industry awards and a strong commitment to women leadership initiatives. The Hall of Femme ceremony is scheduled for June 10, 2021.

WPP (NYSE: WPP) has been recognized as a Leader in the Forrester Wave™: Commerce Services, Q1 2021 report, which evaluates key commerce providers based on their offerings, strategy, and market presence. The report highlights WPP's strengths in commerce strategy, implementation, and its capabilities in Amazon and social selling. With 13,500 experts globally, WPP supports significant clients like Nike and Unilever, managing over $30 billion in online transactions annually. This recognition underlines WPP's position as a global omnichannel partner, adept at aiding clients in navigating the evolving commerce landscape.

WPP (NYSE: WPP) reported its 2020 Preliminary Results, showing a revenue decline of 9.3% to £12 billion and a significant operating loss of £2.3 billion, primarily due to £3.1 billion in impairments. Despite these challenges, the company achieved £4.4 billion in net new business, reflecting strategic progress and resilience during the pandemic. WPP also proposed a final dividend of 14.0p per share and plans to resume a share buyback. The outlook for 2021 anticipates mid-single-digit growth in revenue less pass-through costs and improved operating margins.

WPP has appointed Dave Rolfe as the new Global Head of Production, effective March. Rolfe, previously Head of Production at Facebook, will enhance creative excellence at WPP and Hogarth, focusing on talent development and innovative solutions. He will report to Rob Reilly, WPP's incoming Global Chief Creative Officer. Rolfe's extensive experience includes roles at BBDO and CP+B, earning acclaim across major clients. This appointment aligns with CEO Mark Read's vision of making WPP the most creative company globally.

CMI Media Group, part of WPP (NYSE: WPP), has been selected by a leading oncology biotech firm to manage its consumer and healthcare professional media strategy. This engagement includes media buying, social strategy, and forming new partnerships with technology innovators. CMI Media Group emphasizes its success in delivering innovative campaigns and utilizes its proprietary PROACT™ platform for personalized media solutions, significantly benefiting healthcare marketing.

WPP (NYSE: WPP) has announced the acquisition of DTI Digital, a Brazilian leader in digital innovation and software engineering. This acquisition aims to enhance WPP's capabilities in supporting clients' digital transformation efforts, particularly in Brazil, and aligns with its growth objectives in experience, commerce, and technology. DTI's agile methodologies and experienced team of over 600 engineers will further strengthen WPP's existing adtech and systems integration capabilities. The acquisition is pending regulatory approvals, and financial terms have not been disclosed.

WPP (NYSE: WPP) has entered a global partnership with TikTok to enhance advertising capabilities for its clients. This collaboration will allow WPP to access new advertising products and integrate marketing APIs, ensuring they stay at the forefront of innovation. They aim to leverage TikTok's creator community and develop best-in-class training programs. GroupM, WPP’s media arm, will work on brand safety solutions and conduct research on best practices for TikTok advertising. WPP's CEO highlighted the need for creative and engaging ways to reach consumers via mobile video.

WPP (NYSE: WPP) announces the appointment of Rob Reilly as Global Chief Creative Officer, effective May. Previously the Global Creative Chairman at McCann Worldgroup, Rob is known for leading award-winning campaigns and fostering creativity. He will report to CEO Mark Read, focusing on enhancing creativity within the company, attracting talent, and driving diversity. Mark Read emphasized Rob's potential to transform WPP into a leading creative powerhouse, crucial for delivering effective work for clients.