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WPP shares have been dropped from the London Stock Exchange’s prestigious FTSE 100 index as its stock market price has plunged by two-thirds this year.
The struggling ad/PR combine has been rocked by client defections and the threat posed by AI. It also faces a rampaging Publicis Groupe and the bulked-up Omnicom following its takeover of Interpublic.
WPP CEO Cindy Rose, who took over for Mark Read on Sept. 1, has ordered a strategic review of operations following a 5.9 percent drop in Q3 revenues, a performance she deemed “unacceptable.”
In taking over the top spot, she faulted WPP for not having "gone far enough or fast enough in adapting to the evolving needs of our clients."
WPP has been a member of the exclusive FTSE 100 club for 27 years. Its market capitalization has plunged from $24B in 2017 during the glory days of Martin Sorrell to $3.2B.
British Land, the most valuable stock in the FTSE 250, has been promoted to replace WPP.
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.
Public Policy Holding Company registered 23.8 percent Q3 growth to $48.8M, with organic growth contributing 4.5 percent and the balance driven by merger & acquisition activity.
Publicis Groupe reported 3.1 percent in Q3 growth to $4B, sparked by a 3.6 percent jump North America, its biggest market.
WPP suffered a 10.2 percent drop in 1H revenues to $6.7B and a 47.8 percent plunge in operating profit to $297M.
