WPP Shares Plunge to 27-Year Low After Profit Warning
Photo by Patrick Frossard on Unsplash
WPP, the advertising giant, released a profit warning after a decline at its main media buying agency, as reported by Reuters. Consequently, company shares plummeted to a 27-year low, which presents a significant challenge for the newly appointed CEO. WPP recently issued a profit warning due to a downturn at its primary media buying agency, according to Reuters. The announcement resulted in the company's shares falling to their lowest level in 27 years. This profit warning underscores the challenges facing WPP's newly appointed CEO.
Key takeaways
- WPP recently issued a profit warning due to a downturn at its primary media buying agency, according to Reuters
- The announcement resulted in the company's shares falling to their lowest level in 27 years
- This profit warning underscores the challenges facing WPP's newly appointed CEO
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