WPP’s joint COO, said he would look at new ways to restructure the group but would not put a timetable on how long that would take and did not think a full break up.
WPP reported better than expected Q1 net sales and reiterated its full-year guidance in the first set of results to be published without founder Martin Sorrell.
The boss of Kantar, WPP has been sounding out backers for a potential 3.5 billion pounds ($4.8 billion) management buyout of the unit, The Times reported.
UK shares eased, with two corporate events taking centre stage: CEO Sorrell’s exit from WPP and U.S. hedge fund Elliott Management raising its stake in Whitbread.
The UK’s top share index declined as worries over global trade dented appetite for risky assets, while WPP dropped as it investigated its boss for alleged misconduct.
WPP said it was conducting an investigation in response to an allegation of personal misconduct against its chief executive, Martin Sorrell, who denied wrongdoing.
Bags EPC packages of Purvanchal Expressway in Uttar pradesh of Rs 1738 Cr
Approved buyback of 29 Lk shares amounting Rs 200.2 Cr
Tamil Nadu Pollution Control Board ordered disconnection of electricity
Disconnection is applicable for copper smelter unit-I at Thoothukudi district
Order requires closure of unit with immediate effect
Thoothukudi copper smelter unit has not been operating since Mar 27
Launched Silver Options, Total Traded Contract Value at Rs 34.36 Cr
Option Positions are physically settled & are European Style Options
Enters into merger talks with NSE For Universal Exchange Framework: Business Standard Reports
R Damani sells 0.8% Stake at Rs 1360.2/Sh
Deal Value at Rs 643 Cr