Falling share price hits WPP – will mooted mega-mergers make a reappearance?
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JULY 10, 2017
WPP’s market capitalisation has dropped below £20bn following a downgrade to “underperform” from broker Exane BNP Paribas which reckons it and other agency-based holding companies will lose out to other “nimbler” providers better able to offer automation and ecommerce. Consultants, independent trading desks and big digital owners like Amazon, Facebook and Google in other words.
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