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| Mark Read |
WPP chief Mark Read reported a 1.8 percent spurt in Q1 revenue to $4B as the firm returned to growth in all business lines and most major markets.
Like-for-like revenue was up 6.3 percent.
Read said WPP’s strengths in ecommerce, digital media, technology and investment in creative talent are “resonating with clients as their markets recover and they seek to transform their offer for future growth.”
WPP’s BCW, Hill+Knowlton Strategies, Ogilvy and Finsbury Glover Hering PR operations posted a 3.0 percent drop in reported revenues to $286M.
They grew 2.0 percent on a like-for-like basis.
Greater China, which includes Hong Kong and Taiwan, was WPP’s fastest growing Top Five market as L-F-L revenues surged 18.4 percent. The region rebounded from a 12.1 percent decline during 2020’s final quarter.
UK grew 3.9 percent in Q1. Germany advanced 2.5 percent. US scratched out a 0.7 percent gain. India tanked 0.5 percent.
Reed said the roll-out of COVID-19 vaccines “is improving visibility in many markets, although there is inevitably uncertainty over the pace of recovery.”
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
