1203 GMT - WPP is expected to report a decline in net revenue for the first quarter, with investors likely focused on whether clients cut or pause spending due to uncertainty about tariffs and the economy, Barclays's Julien Roch says in a research note. Like-for-like revenue less pass-through costs at the U.K. advertising group is expected to fall 3% for the first quarter, according to Barclays. WPP underperformed peers last year and was the only agency group that reported a macroeconomic impact during its 2024 results, the analyst says. Shares are up 2.9% at 546.80 pence. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 14, 2025 08:03 ET (12:03 GMT)
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