1153 GMT - Most WPP clients can cope with a blanket 10% tariff on U.S. imports from abroad, but uncertainty on where levies will end up makes them cautious, CEO Mark Read says. "While it's higher than tariffs have been for some time, it's something that most clients can work their way around. It's really the more kind of the wider range of outcomes that's more problematic," Read says in an interview. Despite the uncertainty, clients of the U.K. advertising group haven't changed spending levels or patterns, he says. Shares fall 0.6%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 25, 2025 07:53 ET (11:53 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.