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CEO Read battens down the virus hatches at WPP – but early 2020 trading is promising

CEO Read battens down the virus hatches at WPP – but early 2020 trading is promising

WPP CEO Mark Read has had a pretty good war so far and now he’s responded to the Covid-19 virus and consequent dramatic slowdown by scrapping its share buyback plan (saving £650m) and suspending its final 2019 dividend to save £1.1bn in total. It’s also looking for £800m in other savings including reducing executive committee …
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