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Opportunity@Work and the Ad Council Rally Employers Seeking a Resilient, Competitive Workforce to "Look Beyond the Paper"
Prnewswire· 2025-11-05 05:01
Core Insights - The new PSAs titled "Story Unfold" promote skills-first hiring practices, emphasizing the competitive advantage of hiring STARs (Skilled Through Alternative Routes) [1][3][4] - Over 70 million STARs in the U.S. are often overlooked due to lack of a bachelor's degree, despite research indicating that skills-based hiring increases the likelihood of successful hires by 60% [2][3] - The "Tear the Paper Ceiling" campaign aims to change perceptions around hiring practices and has gained significant traction, with 31 states pledging to remove degree requirements for state employment [6][7] Campaign Overview - The "Tear the Paper Ceiling" campaign was launched in 2022 and has since inspired over 1 million commitments to open jobs to STARs, with 76,000 STARs experiencing upward mobility and a median wage gain of $17,000 [7][8] - The campaign has received over $120 million in donated media and has driven nearly six million visits to its website, showcasing its broad reach and impact [8] Industry Impact - The term "paper ceiling" has been widely adopted across various industries and has influenced national conversations about hiring practices, with political leaders and major publications referencing it [6][7] - The coalition supporting the campaign includes 85 national private sector and nonprofit organizations, indicating a strong collaborative effort to create opportunities for STARs [7]
WPP plc Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before December 8, 2025 to Discuss Your Rights - WPP
Prnewswire· 2025-10-31 12:45
Core Viewpoint - WPP plc is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between February 27, 2025, and July 8, 2025 [1][2] Group 1: Lawsuit Details - The lawsuit claims that WPP's management made overly positive statements while concealing material adverse facts about the company's media arm, which was struggling to compete effectively amid macroeconomic challenges [2] - On July 9, 2025, WPP reported a deterioration in performance for Q2 2025, attributing this to macroeconomic uncertainty and weaker new business, compounded by ongoing restructuring within WPP Media [2] - Following the trading update, WPP's stock price plummeted from $35.82 per share on July 8, 2025, to $29.34 per share on July 9, 2025, marking an approximate decline of 18.1% in one day [2] Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until December 8, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3] - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]
Investors in WPP plc Should Contact Levi & Korsinsky Before December 8, 2025 to Discuss Your Rights – WPP
Globenewswire· 2025-10-23 20:23
Core Viewpoint - A class action securities lawsuit has been filed against WPP plc, alleging securities fraud that negatively impacted investors between February 27, 2025, and July 8, 2025 [1][2] Company Performance - The lawsuit claims that WPP's management provided overly positive statements while concealing material adverse facts about the company's media arm, which was struggling to cope with macroeconomic challenges and losing market share [2] - On July 9, 2025, WPP reported a deterioration in performance for Q2 2025, attributing this to macroeconomic uncertainty affecting client spending and weaker new business than expected, partly due to ongoing restructuring within WPP Media (GroupM) [2] - Following the trading update, WPP's stock price fell from $35.82 per share on July 8, 2025, to $29.34 per share on July 9, 2025, marking a decline of approximately 18.1% in one day [2] Legal Proceedings - Investors who suffered losses during the specified period have until December 8, 2025, to request to be appointed as lead plaintiff in the lawsuit [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the United States [4]
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of WPP
Prnewswire· 2025-10-23 17:18
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against WPP plc due to allegations of violations of federal securities laws related to misleading statements about the company's expected revenue for fiscal year 2025 [2][3]. Summary by Sections Legal Investigation - Faruqi & Faruqi, LLP is encouraging investors who suffered losses in WPP between February 27, 2025, and July 8, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against WPP, with a deadline of December 8, 2025, for investors to seek the role of lead plaintiff [1][5]. Allegations Against WPP - The complaint alleges that WPP and its executives made false and misleading statements regarding the company's media division, claiming it was revitalizing and simplifying operations while concealing the true challenges it faced [2]. - Specific allegations include that WPP was losing significant market share and was not equipped to handle ongoing macroeconomic challenges, which were not disclosed to investors [2]. Market Reaction - Following WPP's trading update on July 9, 2025, which indicated a deterioration in performance, the company's stock price fell from $35.82 to $29.34, a decline of approximately 18.1% in one day [3][4].
Portnoy Law Firm Announces Class Action on Behalf of WPP Plc. Investors
Globenewswire· 2025-10-23 16:00
Core Points - WPP Plc is facing a class action lawsuit for investors who purchased securities between February 27, 2025, and July 8, 2025, with a deadline for filing a lead plaintiff motion set for December 8, 2025 [1] - The lawsuit is prompted by a trading update from WPP on July 9, 2025, indicating a deterioration in performance due to macroeconomic uncertainties and weaker new business, leading to an 18.09% drop in its ADR price [3] Summary by Sections - **Class Action Details** - Investors are advised to contact the Portnoy Law Firm to discuss their legal rights and options for recovering losses [2] - The law firm offers complimentary case evaluations for affected investors [2] - **Company Performance** - WPP reported a decline in performance in Q2 2025, attributing it to macroeconomic factors and internal restructuring distractions [3] - Following the trading update, WPP's ADR price fell by $6.48, closing at $29.34 on July 9, 2025 [3] - **Law Firm Background** - The Portnoy Law Firm has a history of recovering over $5.5 billion for investors affected by corporate wrongdoing [4]
Omnicom Group(OMC) - 2025 Q3 - Earnings Call Transcript
2025-10-21 21:32
Financial Data and Key Metrics Changes - Organic growth for Q3 2025 was 2.6%, with a year-to-date growth of 3%, aligning with annual guidance [5][10] - Non-GAAP adjusted EBITDA for Q3 2025 was $551.6 million, with an adjusted EBITDA margin of 16.1%, up 10 basis points from the previous year [5][11] - Non-GAAP adjusted net income per share increased by 10.3% to $2.24 compared to Q3 2024 [5][11] - The reported income tax rate was 27.2% in Q3 2025, up from 26.8% in the prior year, primarily due to non-deductible acquisition-related costs [12][13] Business Line Data and Key Metrics Changes - Media and advertising revenues grew by 9%, while creative services were impacted by lower project work due to macroeconomic uncertainty [14] - Precision marketing growth was just under 1%, with solid growth in the U.S. offset by declines in Europe [14] - Public relations declined by 8%, largely due to the absence of U.S. national election-related revenue [15] - Healthcare services saw a 2% organic decline, with new business wins not fully compensating for spending declines [15] - Branding and retail commerce decreased by 17%, and experiential services declined by 18% due to tough comparisons with the previous year [15] Market Data and Key Metrics Changes - U.S. revenue growth was 4.6%, while the UK saw growth of 3.7%, but continental Europe experienced a decline of 3.1% [16] - Non-Euro markets delivered organic growth, but this was offset by declines in the events business [16] Company Strategy and Development Direction - The company is focused on the integration of the proposed acquisition of Interpublic Group, with expectations to close by late November [5][6] - The launch of Omni+, a next-generation marketing operating system, is anticipated to enhance client capabilities and drive growth [7][8] - The company aims to exceed expected synergies from the acquisition, with a disciplined approach to minimize operational disruption [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business fundamentals, noting that organic growth would have been approximately 4% without the impact of the previous year's Olympic and election-related revenues [32] - The tone of client conversations has improved, with clients showing optimism about project spending in Q4 [70] Other Important Information - The company continues to maintain a strong liquidity position with cash equivalents and short-term investments totaling $3.4 billion [20] - The book value of outstanding debt was $6.3 billion, reflecting a reduction from the previous year [20] Q&A Session Summary Question: Update on pro forma financials post-acquisition - Management plans to disclose future operations and portfolio details shortly after the acquisition closes, likely around CES in January [25] Question: Deceleration in precision marketing - The decline was primarily due to issues in the Cordara consulting business related to government work in Europe, but the overall pipeline remains strong [26] Question: Confirmation of organic growth guidance - Management is comfortable with the original guidance and expects to capture significant project work in Q4 [30][31] Question: Opportunities for revenue synergies post-acquisition - Key opportunities identified include media, healthcare, and precision marketing, with expectations for significant growth in these areas [68] Question: Client sentiment and marketing budgets - Conversations with clients have shifted to include discussions on generative AI, with budgets remaining stable and project spending anticipated in Q4 [70]
ROSEN, HIGHLY RANKED INVESTOR COUNSEL, Encourages WPP plc Investors to Secure Deadline Before Important Deadline in Securities Class Action - WPP
Globenewswire· 2025-10-17 19:18
Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of American Depositary Shares (ADS) of WPP plc, covering the period from February 27, 2025, to July 8, 2025, due to allegations of misleading statements regarding the company's media arm [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that WPP plc provided positive statements to investors while concealing material adverse facts about its media arm's ability to handle macroeconomic challenges and its loss of market share to competitors [5]. - Investors who purchased WPP plc ADSs during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Next Steps for Investors - Interested investors can join the class action by visiting the provided link or contacting the law firm directly for more information [3][6]. - A lead plaintiff must be appointed by December 8, 2025, to represent the class in the litigation [1][3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].
Lost Money on WPP plc (WPP)? Join Class Action Suit Seeking Recovery – Contact The Gross Law Firm
Globenewswire· 2025-10-16 20:00
Core Viewpoint - The Gross Law Firm is notifying shareholders of WPP plc regarding a potential class action lawsuit due to misleading statements made by the company that may have led to significant financial losses for investors [1][3]. Summary by Sections Allegations - The complaint alleges that WPP provided overly positive statements while concealing material adverse facts about its media arm's ability to handle macroeconomic challenges, resulting in a loss of market share to competitors [3]. - On July 9, 2025, WPP reported a deterioration in performance for Q2 2025, attributing this to macroeconomic uncertainty and weaker new business, partly due to ongoing restructuring within WPP Media (GroupM) [3]. - Following this announcement, WPP's stock price dropped from $35.82 to $29.34 per share, a decline of approximately 18.1% in one day [3]. Class Action Details - The class period for the lawsuit is from February 27, 2025, to July 8, 2025, and shareholders are encouraged to register for participation [3][4]. - The deadline for shareholders to seek lead plaintiff status is December 8, 2025, and there is no cost to participate in the case [4]. Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [5].
WPP commits $400M for AI spending with Google under expanded partnership (WPP:NYSE)
Seeking Alpha· 2025-10-14 14:50
Group 1 - WPP has extended its partnership with Google for another five years [6] - The partnership aims to leverage Google's cloud and AI technology [6] - WPP has committed to spending $400 million as part of the expanded partnership [6]
Publicis Lifts Outlook, Says AI Is Boosting Growth
WSJ· 2025-10-14 05:40
Core Insights - The company raised its outlook for the second time this year, indicating strong performance driven by artificial intelligence [1] Group 1 - The company's top line growth has been significantly powered by advancements in artificial intelligence [1]