WPP at one-year high as job cuts and AI pay off
businessplus.ie
WPP shares surged nearly 29 percent as cost-cutting measures and AI investments led to a slower-than-expected decline in second-quarter revenues. This positive financial update marks a significant boost for new CEO Cindy Rose's turnaround strategy, which aims to restore profitability through workforce reductions and improved client retention. Despite continued losses of legacy accounts, the company's progress has renewed investor confidence in its long-term competitive recovery.
All articles from 10 August 2026. Summaries are AI-generated and may contain errors; the linked article is the authority.