WPP Shares Drop After Reporting Weaker-Than-Expected Second Quarter Performance

Reuters12-04
<a href="https://laohu8.com/S/WPP.UK">WPP</a> Shares Drop After Reporting Weaker-Than-Expected Second Quarter Performance

WPP plc released a trading update for the first half of 2025, reporting a deterioration in performance as the second quarter progressed. The company attributed this to continued macroeconomic uncertainty affecting client spending and weaker net new business than anticipated, partially due to distractions from the ongoing restructuring of its media arm, GroupM. Following the announcement, WPP's common stock price fell from $35.82 per share on July 8, 2025, to $29.34 per share on July 9, 2025, representing a decline of approximately 18.1% in a single day.

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