WPP to record best day in over 3 decades after Q2 revenue growth beat
06/08/2026 10:07
BUZZ-WPP to record best day in over 3 decades after Q2 revenue growth beat Updates shares with milestones and analyst comment
** Shares of advertising group WPP WPP.L up as much as 30.3 to 399.5 pence, the highest since September 2025
** Stock set to record its biggest one-day percentage gain since 1992, if gains hold
** Co beat Q2 organic growth estimates; CEO Cindy Rose said it was on track with plans to stabilise the business
** Q2 organic growth declined 2.8%, improving from a 6.7% fall in Q1 and ahead of a 6.3% decline forecast by JPMorgan analysts
** "The key takeaway is that momentum is improving and WPP is making progress on phase 1 of its Elevate28 plan, which is to stabilise the business" - JP Morgan
** WPP up about 13% YTD
(Reporting by Neeshita Beura in Bengaluru)