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WPP Suspends Dividend, Share Buyback

Mark Read
Mark ReadSource: WPP Plc
Updated on

Advertising giant WPP Plc suspended its dividend and a share buyback as it withdrew its guidance for 2020, citing “significant uncertainty” over the outlook.

“As we enter the second quarter, it is clear that the impact of COVID-19 on the business will increase but it is not possible at this stage to quantify the depth or duration of the impact,” WPP said in a statement.