WPP is a holding company. Through its subsidiaries, Co. is a communications services organization providing national and multinational clients a range of communications services. Co. is organized into four operating segments: Advertising and Media Investment Management; Data Investment Management; Public Relations and Public Affairs; and Branding and Identity, Healthcare and Specialist Communications. This last reportable segment includes WPP Digital and direct, digital, promotional & relationship marketing.
  • TickerWPP
  • ISINJE00B8KF9B49
  • ExchangeLondon Stock Exchange
  • SectorMedia
  • CountryJersey

WPP – AGM 10 june 2020

Item 2: Remuneration report   The Company used the following performance criteria for the bonus: profit before tax (PBT) growth (23.33%), headline operating margin improvement (23.33%), revenue less pass-through costs growth (23.33%), and individual strategic objectives (30%). PBT growth were below the target (-8.5% vs. -5% as target), operating margin was at the target (-1%) and revenue growth outperformed target (-1.3% vs. -1.75%). However, the CEO's 2019 bonus payout was 138% of salary (+83.3% annualised). The weight of financial objectives was 78% and personal objectives 60% out of the t...

WPP: 1 director maiden bought

A director at WPP maiden bought 15,000 shares at 595p and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board member...

Alexandre Iatrides ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/30/2020

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 30/04/2020

...

Jerôme Bodin

WPP : Deterioration ahead but the group will beat its guidance for cost-cutting, in our view

>Scenario unchanged: very difficult Q2, envelop for cost reductions exceeded but watch out for WCR - WPP has reported its Q1 gross margin followed by a conference call. The organic contraction came to -3.3% in Q1 while our forecast was for -4.5%. Our estimates are unchanged following this publication with a 26% organic decline in Q2 and -12% for the full year. We still think that the group should exceed its current cost-cutting envelop (between £ 700m and £ 800) with ...

Jérôme VINERIER

Analyse court terme - WPP LN : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 834,47 p, puis 758,60 p. Le franchissement de 1 021,79 p remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - WPP LN : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at 834.47 p, then 758.60 p. Passing 1,021.79 p would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - WPP LN : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 834,47 p, puis 758,60 p. Le franchissement de 1 021,79 p remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - WPP LN : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at 834.47 p, then 758.60 p. Passing 1,021.79 p would question the continuation of the fall.

Jérôme VINERIER

Medium term view - WPP LN : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at 831.41 p, then 621.43 p. Passing 1,297.50 p would question the continuation of the fall.

WPP: 1 director maiden bought

A director at WPP maiden bought 15,000 shares at 595p and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board member...

Jerôme Bodin

WPP : Deterioration ahead but the group will beat its guidance for cost-cutting, in our view

>Scenario unchanged: very difficult Q2, envelop for cost reductions exceeded but watch out for WCR - WPP has reported its Q1 gross margin followed by a conference call. The organic contraction came to -3.3% in Q1 while our forecast was for -4.5%. Our estimates are unchanged following this publication with a 26% organic decline in Q2 and -12% for the full year. We still think that the group should exceed its current cost-cutting envelop (between £ 700m and £ 800) with ...

Jerôme Bodin

WPP : Détérioration à venir mais nous pensons que le groupe dépassera sa guidance de baisse de coûts

>Scénario inchangé : T2 très difficile, enveloppe de réduction de coûts dépassée mais attention au BFR - WPP a publié sa marge brute T1 et a tenu sa conférence téléphonique dans la foulée. La croissance organique T1 est ressortie à -3,3% alors que nous tablions sur -4,5%. Nos attentes sont inchangées suite à cette publication avec une baisse de 26%e au T2 et de 12%e sur l’ensemble de l’année. Nous pensons que le groupe devrait dépasser son enveloppe actuelle d’économi...

Jerôme Bodin

ODDO : Un modèle flexible mais un FCF fortement impacté

Le marché des agences devrait enregistrer une baisse historique de 12% de ses revenus en organique en 2020 avec un creux au T2 et T3. La flexibilité du modèle devrait limiter la baisse de l’EBIT mais le FCF devrait être divisé par deux avec une probable forte contraction du BFR. La visibilité reste faible et le risque d’une récession en 2021 pourrait réduire le rebond. Notre crainte est que les agences relancent leurs activités avec l’aide de leur bilan (délais de paiement) condu...

Jerôme Bodin

ODDO : A flexible model but FCF significantly impacted

The advertising agency market should see an historic organic drop of 12% in its revenues in 2020 with a trough in Q2 and Q3. The flexibility of the model should limit the contraction in EBIT, but FCF is likely to be halved with a probable sharp contraction in WCR. Visibility is still low and the risk of a recession in 2021 might curb the rebound. Our fear is that agencies will stimulate their business using their balance sheets (payment deadlines), which would trigger a lasting c...

Jerôme Bodin

WPP : Limited visibility on 2020 and risk of a slowdown

>Feedback from the 2019 analysts’ meeting - WPP reported its 2019 results yesterday, which came in below our expectations with a challenging Q4 (-1.9% on an organic basis). These numbers are particularly difficult to decipher as the group communicates several data some including and some excluding Kantar. The overall message was one of caution and the group provided no further details regarding a potential deceleration linked to the global health situation. It seems ...

WPP Plc: Update to credit analysis

Our credit view of WPP, reflecting the pressures on its operating performance in 2020 in the wake of the coronavirus outbreak and the measures it is undertaking to offset them.

WPP Plc: Update to credit analysis

CORPORATES CREDIT OPINION 2 January 2018 Update RATINGS WPP Plc Domicile United Kingdom Long Term Rating Not Available Type Not Available Outlook Not Available Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Christian Azzi +44.20.7772.5470

WPP Lowers Net Sales Guidance for 2017

    ISSUER COMMENT  CORPORATES   AUGUST 28, 2017    WPP Lowers Net Sales Guidance for 2017  From  Credit Outlook   Last Wednesday,  WPP Plc  (Baa2 stable) reported first-half 2017 results that were weaker than the  company had expected. Rep

WPP Plc: Reduced guidance for 2017 is credit negative

CORPORATES ISSUER COMMENT 24 August 2017 Contacts Christian Azzi 44-20-7772-5470 AVP-Analyst [email protected] Ivan Palacios 34-91-768-8229 Associate Managing Director [email protected] Danilo Ruocco +44-20-7772-1966 Associate Analyst [email protected] CLIENT SERVICES Americas 1-212-553-1653 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100 EMEA

WPP Plc: Key Facts and Statistics - FY December 2016

CORPORATES ISSUER PROFILE 20 July 2017 TABLE OF CONTENTS Company Overview 1 Business Description 2 Management Strategy 3 Financial Highlights 4 Capital Structure and Debt Maturity 6 Company Management 7 Ownership Structure 9 Subsidiaries 9 Subsidiaries Rated by Moody’s 9 Peer Group

Alexandre Iatrides ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/30/2020

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 30/04/2020

...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Olfa Taamallah
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/28/2020

...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Olfa Taamallah
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 28/02/2020

...

Alfred Glaser ...
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Jerôme Bodin
  • Martial Descoutures
  • Oussema Denguir
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/25/2020

Danone is due to publish its results on 26 February. The likelihood of a sales warning on the 2020 l-f-l target is credible and increasingly consensual. But the market has yet to factor in the underlying reasons. These reasons could deteriorate sentiment vis-a-vis the risk profile and fuel a continued de-rating in the context of the hyperpolarisation of valuations. A warning on margins has not been factored in. Reduce recommendation and a target price of € 69 due to the risk of underp...

With a more favourable environment, WPP PLC. improves to Slightly Positive

WPP PLC. (GB), a company active in the Media Agencies industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date December 20, 2019, the closing price was GBp 1,065.00 and its potential was estimated at GBp 1,118.25.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

WPP – AGM 10 june 2020

Item 2: Remuneration report   The Company used the following performance criteria for the bonus: profit before tax (PBT) growth (23.33%), headline operating margin improvement (23.33%), revenue less pass-through costs growth (23.33%), and individual strategic objectives (30%). PBT growth were below the target (-8.5% vs. -5% as target), operating margin was at the target (-1%) and revenue growth outperformed target (-1.3% vs. -1.75%). However, the CEO's 2019 bonus payout was 138% of salary (+83.3% annualised). The weight of financial objectives was 78% and personal objectives 60% out of the t...

Expert Corporate Governance Service (ECGS)

WPP PLC - EGM 24 October 2019

Disposal of 60% of Kantar business is tabled to vote. This is the biggest step in the WPP reorganisation announced at the end of 2018. The CEO Mark Read, Sir Martin Sorrell’s successor, set out a three-year plan of “radical evolution” to return the business to growth, aiming a new WPP as a leader in creativity and technology. Part of this broad restructuring, WPP has simplified its businesses, sold off companies (according to FT, more than 30 subsidiaries for a total of almost £900m), cutting 3,500 jobs worldwide. After the deal, Kantar will be held 60% by Bain Capital (indirectly) and 40% by ...

Expert Corporate Governance Service (ECGS)

WPP PLC June 12 2019

Following an internal investigation into allegations of misconduct, CEO Martin Sorrell retired from the Board in April 2018 as a ogood leaver retaining entitlement to certain incentives from the Company valued at £16m. Under the remuneration policy, he is not entitled to a severance payment. The Company has demonstrated a lack of transparency in its refusal to disclose the nature of the allegations and the reasons why Sorrell is considered a ogood leaverpin the face of the investigation. Furthermore, while the Company has stated that the amounts involved in the alleged misconduct were onot mat...

WPP PLC – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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