WPP (GB:WPP) has released an update.
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WPP PLC reported a marginal increase in H1 reported revenue by 0.1% and a slight decline in revenue less pass-through costs, citing macroeconomic pressures and a downturn in the Chinese market. Despite these challenges, the company has witnessed strong strategic progress, particularly in AI investments, and has successfully divested its majority stake in FGS Global for £604 million to bolster its financial position. WPP also adjusted its full-year guidance to account for the current economic climate while maintaining a steady interim dividend.
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