LONDON: WPP’s two top leaders have each spent more than £140,000 (about $177,000) buying 50,000 shares in the agency group in a coordinated move.
The decision by Cindy Rose, new chief executive officer, and Philip Jansen, chairman, to buy a combined total of 100,000 shares for about £287,000 (about $362,000) appears to be designed to lift investor sentiment with regard to the company’s embattled stock.
WPP declined to comment, but it is thought the CEO and chairman were keen to send a message they are confident about the company’s direction.
WPP’s stock has plunged by about 65% from 830p to around 290p since the start of 2025, after two profit warnings in three months — in July and October — and major client losses such…
