Review of the Week
WPP shares fell 6.5% on Monday amid fears of business disruption and client losses following Martin Sorrell’s resignation as chief executive. The FTSE 100 index was down 0.9%.
Sage Group was also off after a profit warning. But Whitbread was up more than 7% on renewed hopes of a spin-off of its Costa Coffee business.
Tuesday saw the FTSE 100 up 0.4%, helped by a weakening pound. The market was also buoyed by news that wages had risen… Continue reading
The FTSE 100 index added 0.2% on Monday as fears of a US-China trade war receded but the US announced new sanctions against Russia.
Associated British Foods led Monday’s blue-chip gainers. The Primark owner advanced 3.1% ahead of its interim results next week.
WPP also rallied 2.4% on reports that its investigation into misconduct allegations against chief executive Martin Sorrell could be delivered as early as next week. Sorrell has denied any wrongdoing.
On Tuesday, shares rose on… Continue reading