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WPP Group Appoints Joanne Wilson To Succeed John Rogers As CFO
(RTTNews) - British mass media firm WPP Group plc (WPP.L, WPPGY) announced Wednesday that Joanne Wilson will join the Board and become CFO designate on April 19, 2023. Wilson will succeed John Rogers, who announced his decision on November 8, 2022 to step down.
Wilson will succeed Rogers as CFO immediately following the announcement of the Company's 2023 First Quarter Trading Update, at which point John will stand down as a Director of the Company.
John will remain available until later this year and will work with Joanne to transition responsibilities.
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WPP Acquires Passport Brand Design For Undisclosed Terms
WPP plc (WPP) announced Thursday the acquisition of Passport Brand Design, a leading brand design agency based in Southern California.
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WPP Group Acquires JeffreyGroup In Latin America For Undisclosed Terms
WPP Group Plc (WPP.L, WPPGY), a British mass media firm, announced Wednesday the acquisition of JeffreyGroup, one of the most respected independent corporate communications, public affairs, and marketing consulting firms in Latin America.
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Pound Rises Against Most Majors
The pound firmed against its most major counterparts in the New York session on Thursday.
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UK Market Ends Slightly Up
On a day in which most of the markets across Europe remained closed for Labor Day holiday, the UK market, where trading was on, ended marginally up on Thursday, extending its gains to a 13th straight session.
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Canadian Market Retreats After Recovering From Early Drop
The Canadian market is modestly higher around noon on Thursday with shares from energy and technology sectors posting strong gains. A sell-off in materials section is limiting market's upside.
The mood in the market is quite cautious amid concerns about global economic growth.
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U.S. Construction Spending Unexpectedly Falls 0.5% In March
Construction spending in the U.S. unexpectedly decreased in the month of March, the Commerce Department revealed in a report released on Thursday. The Commerce Department said construction spending fell by 0.5 percent to an annual rate of $2.196 trillion in March after climbing by 0.6 percent to a revised rate of $2.207 trillion in February.
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U.S. Manufacturing Index Dips Slightly Further Into Contraction Territory In April
The Institute for Supply Management released a report on Thursday showing a slight decrease by its reading on U.S. manufacturing activity in the month of April. The ISM said its manufacturing PMI edged down to 48.7 in April after slipping to 49.0 in March, with a reading below 50 indicating contraction. Economists had expected the index to dip to 48.0.
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U.S. Jobless Claims Rise Much More Than Expected To Two-Month High
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by much more than expected in the week ended April 26th. The Labor Department said initial jobless claims climbed to 241,000, an increase of 18,000 from the previous week's revised level of 223,000.
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