Gideon Spanier
Oct 26, 2018

WPP revenues plunge 1.5%; Kantar sale confirmed

Mark Read warns: 'We have been slow to adapt'.

Mark Read

WPP chief executive Mark Read has warned of deteriorating revenues with a 1.5% fall in the third quarter, saying We have been too slow to adapt.

WPP shares plunged 15% to around 9 US$11.54, which means the stock has halved since its 19 peak in March 2017 and the company's value has dropped from 24 billion US$30.7 billion to 11.5 billion US$14.7 billion.

The holding group's third...

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