WPP CFO Joanne Wilson To Join Diageo

WPP Creative has won the global creative account for Henkel from Omnicom, including brands like Persil and Schwarzkopf. WPP also won Henkel's £630m European media business last November. Henkel is a medium-sized international account WPP has recently acquired, consolidating creative and media services.

Diageo reported a 1.4% rise in organic net sales for Q1, with North America down 3.6%. Reported net sales increased 1.2% to $4.931bn. The company maintained full-year guidance, expecting flat organic net sales growth and low to mid-single-digit organic operating profit growth for fiscal 2027.

The FTSE 100 reached a 3-month high, driven by a bank rally and a 5% surge in Diageo after strong revenue. UK banks like Barclays, Standard Chartered, Lloyds, and HSBC gained 1.5%-2.5% ahead of a BoE rate decision expected to raise rates to 4.00%. Lower oil prices also supported the index.

WPP reported Q3 like-for-like revenue of $4.39B, down 2.1% but with 0.5% organic growth. Its media segment grew for the first time in two years, driven by the U.S. WPP retained global media duties for Coca-Cola and was named DoorDash's first global media partner. The company maintained its 2026 guidance and cited sequential improvements as signs its turnaround plan is on track.

WPP reported Q3 2026 revenue up 0.5% and net sales down 2.1%. The company expects growth in 2027 but faces a 600 basis point drag from client losses, partially offset by new business wins. WPP's shares rose 0.78% in premarket trading to $26. The company's Elevate28 strategy aims to return to consistent growth by 2028.

WPP reported Q3 revenue of £3.27B, with top 25 clients' LFL revenue down 2.7%, an improvement from Q2's 3.2% decline. The decline is attributed to client assignment losses from the prior year, with notable impacts in CPG, Tech, and Digital sectors.