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The Latest Breaking News from WPP

WPP stock slumps 15% as ad spending takes a back seat, pushing 2024 revenues down

WPP's CEO Mark Read noted that the revenue slip was partly due to “weaker client discretionary spend.”

Fortune

Expert Sparks Debate Over Claims WFH Is Destroying UK Businesses And Stifling Innovation

Investor Sarkis M. believes working from home may cause reduced productivity and negative impacts on local businesses. His post has garnered backlash from workers who have benefited from WFH policies.

International Business Times UK

Ad giant WPP reported to global watchdog for promotion of polluting clients

Lawyers have filed a complaint to the Organisation for Economic Cooperation and Development on behalf of environmental campaigners.

The Independent UK

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Citi’s Jane Fraser is bucking the RTO trend

CEO Jane Fraser is maintaining a hybrid work policy and positioning the bank's flexibility as a competitive recruitment advantage.

Fortune

AI systems could be ‘caused to suffer’ if consciousness achieved, says research

Experts and thinkers signed open letter expressing concern over irresponsible development of technology

The Guardian - UK

WPP CEO Mark Read dreams of 'getting closer' to the U.S. amid workforce anger over RTO mandate

Despite expansion plans, 2025 could prove tricky for WPP's Read as he rolls out an unpopular RTO mandate.

Fortune

'A Step Backwards in Employee Support': WPP Staff Fire Back On Four-Day Office Return Mandate

A Change.org petition was set up by current WPP employees, who are disgruntled with the company's recent RTO mandate.

International Business Times UK

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Lloyds bankers could face bonus cut if not in office two days a week

Group reviews office attendance as part of performance-related bonus targets for senior employees

The Guardian - UK

Amazon's sweeping RTO mandate might end up being more lax in Europe than in the U.S., report says

Amazon's workers in the U.K. have a legal right to request flexible work, while those in the Netherlands are following earlier guidance on hybrid work.

Fortune

Global ad giant WPP issues sweeping RTO mandate for its 114,000 staff, calling them back to the office 4 days a week

"I believe that we do our best work when we are together in person," CEO Mark Read wrote in the memo viewed by Fortune.

Fortune

When two advertising giants merge, how are creatives affected?

The true impact of the Omnicom/IPG merger: explained.

Creative Bloq

Omnicom Inks $13 Billion Deal For Interpublic: Will It Topple WPP As Top Ad Company?

Omnicom Group and Interpublic Group are nearing a $13–$14 billion merger to create the largest advertising company, reshaping the industry amidst AI challenges and competition.

Benzinga

FTSE drops further as pound slides to two-month low

London’s top index finished 47.90 points, or 0.58%, lower to end the day at 8,258.64.

Evening Standard

How Europe’s tech-shy Fortune 500 is embracing AI

The Fortune 500 Europe has a feeble share of tech companies. But its industrial giants are increasingly turning to generative AI.

Fortune

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Evening Standard

WPP offloads stake in FGS Global for £611 million

Marketing giant WPP has sold its stake in public relations firm FGS Global for £611 million.

Creative Bloq

Nothing in this Coca-Cola ad is real, but get used to it

Nvidia, WPP and The Coca-Cola Company combine to reveal new generative AI tools at Siggraph.

Broadcasting & Cable

Brian Lesser Returns To GroupM as Global CEO

Executive had headed AT&T’s Xandr, InfoSum

TechRadar

Top WPP advertising executive hit by scammers using voice cloning attack

AI-powered scams are getting more dangerous and businesses need to be as vigilant as ever.

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The Guardian - US

CEO of world’s biggest ad firm targeted by deepfake scam

Exclusive: fraudsters impersonated WPP’s CEO using a fake WhatsApp account, a voice clone and YouTube footage used in a virtual meet

Evening Standard

Google’s Gemini AI to help write and narrate ads for marketing behemoth WPP

The narration system will use Gemini 1.5 Pro to create customisable video narration scripts, which are then sent to London startup Eleven Labs to generate a voice to narrate videos

Evening Standard

Ad market still in the mire warns S4 Capital boss Sir Martin Sorrell

Advertising guru Sir Martin Sorrell admitted today to a “difficult” year due to recession fears and higher interest rates as his S4 Capital made a loss of £6 million.

Evening Standard

Ad giant WPP sees profit slump as tech giants slash spending

WPP saw a 70% slump in profits for the year as big tech pulled back on advertising amid a sluggish global market.

Evening Standard

Ad guru Martin Sorrell warns to rocky year to come

Tech giants cut back on marketing spend

The Guardian - US

Revealed: more than 160 representatives with climate-denying track records got Cop28 access

UN organizers allow groups that have obstructed fossil fuel regulations and other climate action to attend, watchdog finds

The Guardian - US

Revealed: over 160 representatives with climate-denying track records got Cop28 access

UN organizers allow groups that have obstructed fossil fuel regulations and other climate action to attend, watchdog finds

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