WPP: Brian Lesser of Group M, CFO Joanne Wilson and Mark Read at presentation
WPP’s share price plunged as its 2024 revenue growth came in at the bottom end of its forecast – with Q4 being the worst quarter of the year – and it warned the decline could be worse in 2025.
Revenues less pass-through costs fell 1% to £11.4bn in 2024, with Q4 down 2.3%, and it expects revenues to be down between zero and 2% in 2025.
Investors took fright, sending the stock down as much as 150p or close to 20% in early trading to as low as 620p, the lowest level since 2020 during the pandemic. That valued the group at around £7bn. The sha
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