Gideon Spanier
Feb 8, 2019

Publicis shares fall sharply after creative agencies slump

WPP, Interpublic and Omnicom also saw stocks slide.

Arthur Sadoun speaking at an event in October (Photo: AFP)

Publicis Groupe’s shares crashed after it warned of a worse-than-expected slump for its traditional advertising business, hitting the stock prices of rivals such as WPP, Interpublic and Omnicom.

Shares of Publicis fell nearly 15%, from 55 to 46.84 after Arthur Sadoun, the global chief executive, admitted quarterly growth had slowed from 2.2% in the third quarter to 0.5% in the final quarter of 2018.

WPP’s share price fell more than...

To continue reading this article you need to be registered with Campaign. Registration is free and only takes a minute. Register Now or sign in below if you already have an account.

Existing users sign in here

Forgotten Password?

Having trouble signing in?

Contact Customer Support at
customerservices@campaignasia.com
or call+852 3175 1913

Membership

Why Subscribe?

  • Campaign Asia-Pacific online premium content* including in-depth monthly focus on key trends and industry issues
  • Unlimited website access*, and an archive of more than 70,000 articles
  • Regular value-added supplements including brand health checks, sector studies, ad critiques and research charts
  • Daily newsletters and breaking story alerts straight to your inbox
  • New weekly feature articles on the latest research, innovation and marketing trends
  • Be the first to hear about industry events

or call +65 9771 3034
or email subscriptions@campaignasia.com

Follow us

Top news, insights and analysis every weekday

Sign up for Campaign Bulletins

Related Articles

Just Published

Premium
OMD adds to APAC Beiersdorf media duties with South Asia wins
Premium
1 hour ago

OMD adds to APAC Beiersdorf media duties with South ...

After defending its full media mandate in India, OMD has now added Bangladesh to its remit.

Premium
Independents give major networks run for their money in ANZ
Premium
1 hour ago

Independents give major networks run for their ...

While major agencies had a good night, Versa and Special Group were among the independents punching well above their weight at this year's AOY awards for ANZ.

Premium
Meet the 2019 40 Under 40: Maya Watono
Premium
2 hours ago

Meet the 2019 40 Under 40: Maya Watono

Read about Maya Watono of Dentsu Aegis, one of the 40 young industry professionals we've selected as representing Asia Pacific’s next generation of marketing and communications leadership.