Britain's WPP shares jump 29% as first-half results show recovery

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WPP shares surged up to 29% on Thursday after better-than-expected first-half results, boosting confidence in CEO Cindy Rose's turnaround plan. Revenue less pass-through costs fell 4.7% like-for-like to £4.75 billion in the first half, with the second-quarter decline narrowing to 2.8% despite legacy account losses; analysts had expected 6.5%. Headline operating profit fell 2.7% to £398 million. WPP lost its global ad-group lead to Publicis in 2024. CEO Rose has simplified operations and aims for growth by 2027, citing new business wins and AI investment.


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Britain's WPP shares jump 29% as first-half results show recovery | News Minimalist