WPP PLC

WPP: XLON (GBR)
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WPP Earnings: Dividend Cut Can Provide Flexibility for Massive Restructuring Plan; FVE Decrease

WPP’s fourth-quarter earnings showed a 5.4% decline in revenue and operating margin compression of 2 percentage points (to 13%) year over year. There was weakness across every segment, but management acknowledged this and announced a multiyear turnaround plan.

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