WPP is selling its 18.7% stake in New York-listed digital specialist Globant as its looks to focus the business after the controversial exit of ex-boss Sir Martin Sorrell.
Oxford Instruments: Berenberg upgrades to buy with a target price of 1,180p.
WPP reported a slight improvement in business as the board of the world's biggest advertising group faced questions from shareholders about the departure of founder Martin Sorrell.
Tate & Lyle: Jefferies downgrades to hold with a target price of 700p.
A US law firm has launched an investigation on behalf of WPP investors following the resignation of long-time chief executive Sir Martin Sorrell for alleged "personal misconduct".
London's FTSE 100 index lost ground on Tuesday as financial stocks and oil majors BP and Shell, some of the biggest sector weightings in the index, proved a drag.
WPP: Berenberg downgrades to sell with a target price of 1,075p.
Martin Sorrell is taking control of an investment vehicle to build a new communications company just six weeks after stepping down as the boss of WPP, the world's biggest advertising group.
WPP chairman Roberto Quarta has forked out £623,405 to up his stake in advertising titan as it embarks on a new era post the departure of long-time driving force Martin Sorrell.
WPP's problems are not over after sales beat expectations in the first quarter, according to analysts at Berenberg.
WPP has acquired full ownership of Y&R and Wunderman joint venture agency assets across south east Asia and Taiwan, it announced on Tuesday, as well as Dentsu Sudler & Hennessey in Japan, following a share swap transaction with Dentsu Inc.
WPP left its guidance for 2018 unchanged amid a "fresh look" at strategy and potential for growth, after a first quarter that saw the departure of longstanding boss Martin Sorrell in controversial circumstances.
(WebFG News) - Experian: Deutsche Bank upgrades to buy with a target price of 1,750p.
(WebFG News) - UK advertisers spent 2.5% less on traditional advertising methods last year, though half of the top 100 advertisers increased their emphasis on TV, radio, direct mail, outdoor and press.
Rentokil: Deutsche Bank downgrades to hold with a target price of 310p.
Sir Martin Sorrell has stepped down as chief executive officer of WPP with immediate effect, the advertising behemoth announced over the weekend.
Centrica: HSBC downgrades to reduce with a target price of 120p.
News that WPP has taken steps to prepare for life after chief executive Sir Martin Sorrell and that investors are pushing for asset sales combined to lift shares in the advertising giant on Monday morning.
WPP said it had commissioned an independent investigation into an allegation of personal misconduct against chief executive Martin Sorrell.
Standard Life Aberdeen: Deutsche Bank upgrades to buy with a target price of 440p.