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| Mark Read |
WPP chief Mark Read reports a 5.5 percent decline in Q3 like-for-like revenues to $3.9B as the firm battles the impact of the pandemic.
The PR group, which is led by BCW, Finsbury, Ogilvy and Hill+Knowlton Strategies, took a 4.8 percent hit in LFL revenues to $285M. Reported revenues dropped 9.8 percent.
The PR unit remained “the best-performing segment in WPP,” according to Read, with client demand for strategic communications advice especially robust in light of the COVID-19 outbreak.
While Read praised WPP’s resilience in a challenging market, he is cautious about the pace of the firm’s recovery given the tightening of COVID restrictions around the world and uncertainty in the global economic outlook.
WPP’s five top markets posted LFL revenue declines during the quarter. The US market saw a 5.5 percent dip, as did the UK (6.5 percent), Germany (1.8 percent), China (16.7 percent) and India (16.3 percent).
Publicis Groupe reports an 8.8 percent rise in 2025 net revenues to $16.4B with
Public Policy Holding Company today priced its initial public offering at $12.25 per share. The sale of 4,150,000 shares raised $50.8M in gross proceeds.
Public Policy Holding Company reports that 4Q '25 revenues surged 27.8 percent to $49.9M. Organic growth rose 5.4 percent.
WPP tops the Financial Times’ list of the biggest stock market losers for 2025. The share price of the owner of Burson and Ogilvy has plummeted 60 percent so far this year.
FTI Consulting handles media for Modivcare Inc., the Denver-based provider of non-emergency healthcare services. as a Texas federal bankruptcy court confirms its Chapter 11 restructuring plan.
