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0.000728508984944175 0.000728508984944175 0.000728508984944175 0.000485672656629508 -0.00121418164157351 -0.00437105390966488 -0.00485672656629421 -0.00412821758135004
Stock impact report

UK advertising giant loses ground to French rival as Trump tariffs bite [Yahoo! Finance]

WPP plc American Depositary Shares (WPP) 
US:NYSE Investor Relations: wpp.com/wpp/investor/financialnews
Company Research Source: Yahoo! Finance
British advertising giant WPP is falling further behind its French rival Publicis as Donald Trump's tariffs bite. The London-listed company warned on Thursday it expects revenues to fall by as much as 2pc this year, following a 1pc decline in 2024. Revenues slumped by more than a fifth in China in the final three months of the year, while the group also recorded falling sales in the UK and US. Mark Read, the chief executive of WPP, said that while the re-election of Donald Trump as US president had helped to restore some business confidence, his threat of tariffs had created a “high degree of volatility”. WPP, which owns agencies including Ogilvy and Wunderman Thompson, has been hit by a broad economic downturn as consumers and clients cut back spending. However, its performance is lagging behind those of its rivals and the gloomy outlook will widen the gap between WPP and Publicis, the French advertising behemoth. The Paris-based company leapfrogged WPP to become the wor Show less Read more
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