WPP Dives, EssilorLuxottica Up, NovoNordisk Down
On this episode of Stock Movers:- WPP shares drop as much as 15%, to the lowest since 2009, after the advertising agency reduced its organic growth guidance for the year, citing continued macro uncertainty weighing on client spending. The profit warning came about a month after reports that WPP has lost Mars’ $1.7 billion ad portfolio, reflecting continued struggles for the firm to revive growth. Peer Publicis drops 1.6%.- Meta Plaforms Inc. bought a minority stake in the world’s largest eyewear manufacturer, EssilorLuxottica SA, deepening the US tech giant’s commitment to…
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