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The Latest Breaking News from Cindy Rose

Gains for Rolls-Royce and LSEG offset mining slump

The FTSE 100 index ended up 40.29 points, 0.4%, at 10,846.70, a record close.

Evening Standard

Advertising giant WPP plans to cut £500m in costs under sweeping restructure

It is understood the changes are expected to result in a reduction of jobs, with the firm targeting duplicated roles.

Evening Standard

Troubled WPP unveils huge shake-up to save £500m amid falling revenues

Current performance of the company created by Sir Martin Sorrell described as “disappointing”

Evening Standard

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WPP to sell assets and cut jobs in radical shake-up to counter AI threat

Group aims to be ‘simpler, lower-cost, AI-enabled business’ and achieve £500m of annual savings by 2028

The Guardian - UK

Advertising giant WPP relegated from FTSE 100 after nearly 30 years

Market value of ad group that was once world’s largest plummets from about £24bn in 2017 to £3.1bn

The Guardian - UK

WPP woes keep lid on FTSE and pound extends falls

WPP plunged 17% as it warned performance in the year-to-date was at the ‘low-end of expectations’ as it cut the company’s outlook.

Evening Standard

WPP jobs at risk as ad group’s new boss condemns ‘unacceptable’ performance

Review launched after firm struggles to stem exodus of clients and compete with AI and data capabilities of rivals

The Guardian - UK

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WPP’s annual outlook cut once again after ‘unacceptable’ performance

Former Microsoft UK head Cindy Rose is leading turnaround efforts after taking over from ex-chief executive Mark Read last month.

Evening Standard

What’s gone wrong at WPP? The crown slips at world’s biggest advertising group

Exodus of big clients, falling profits and dire forecasts raise prospect of a once ‘unthinkable’ breakup

The Guardian - UK

WPP profits dive 71% as clients cut ad spending amid Trump’s tariffs rollout

Advertising group halves interim dividend after pre-tax profit plunges to £98m in first half of its financial year

The Guardian - UK

WPP reveals around 4,000 roles cut in past six months as profits tumble

The group reported pre-tax profits tumbling to £98 million for the six months to June 30, down from £338 million a year earlier.

Evening Standard

WPP profits slump and dividend halved as clients slash ad and marketing spending

New boss faces tough handover with like for like revenues for the year expected to be 3% to 5% lower than 2024

Evening Standard

Miners help propel FTSE 100 to new record high

Mining stocks climbed after US President Donald Trump said he would enact a 50% copper tariff in August, sending copper prices higher.

Evening Standard

WPP names senior Microsoft boss Cindy Rose as new CEO

Tech sector boss chosen to help develop AI and digital offerings and rebuild battered share price

The Guardian - UK

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The Independent UK

WPP hires Microsoft executive Cindy Rose as new boss

Cindy Rose will step into the position from September 1, taking over from current boss Mark Read.

Evening Standard

FTSE 100 Live 10 July: Miners power record-breaking index, WPP appoints new CEO

A 1% mining-led surge today took the FTSE 100 index into new territory as London’s top flight joined the recent toppling of stock market records.

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