{"id":3611,"date":"2018-10-25T09:16:27","date_gmt":"2018-10-25T09:16:27","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/wpp-shares-dive-as-much-as-20-as-growth-slows\/"},"modified":"2018-10-25T09:16:27","modified_gmt":"2018-10-25T09:16:27","slug":"wpp-shares-dive-as-much-as-20-as-growth-slows","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/wpp-shares-dive-as-much-as-20-as-growth-slows\/","title":{"rendered":"WPP shares dive as much as 20% as growth slows"},"content":{"rendered":"\n
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\n WPP<\/span><\/p>\n

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\n Mark Read became boss of WPP in August
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Shares in WPP have fallen as much as 22% after the advertising giant warned that growth in the business is slowing. <\/p>\n

The firm, whose former boss Sir Martin Sorrell stepped down in April after a scandal<\/a>, reported lower-than-expected third quarter sales and slashed its full-year outlook. <\/p>\n

The world’s biggest adverting firm is overhauling its business amid mounting competition from Google and Facebook. <\/p>\n

New boss Mark Read called for “radical thinking” to turn the company around.<\/p>\n

“Our industry is facing structural change, not structural decline, but in the past we have been too slow to adapt, become too complicated and have under-invested in core parts of our business,” he said.<\/p>\n

“There is much to do and we have taken a number of critical actions to address these legacy issues and improve our performance.”<\/p>\n