WWP, Plc (WPP) Sinks on Q3 Update, Lower Outlook

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WPP Third Quarter Trading Update 2018

October 25, 2018 7:00 AM EDT

NEW YORK & LONDON--(BUSINESS WIRE)-- WPP (NYSE: WPP) today reported its Third Quarter Trading Update 2018.

Mark Read, Chief Executive Officer, WPP, stated:

Turning around WPP requires decisive action and radical thinking, and our performance in the third quarter of 2018 reinforces our belief in that approach.

The slowdown primarily reflects a further weakening of the performance of our businesses in North America and in our creative agencies, issues that we highlighted in our interim results.

As previously stated, our industry is facing structural change, not structural... More