WPP Cuts Guidance Again as CEO Says Turnaround Will Take Time

The FTSE 100's winning streak has come to an end, coinciding with WPP shares hitting their lowest level since 2008. Meanwhile, the energy regulator Ofgem is exploring a plan to potentially cancel up to £500 million in energy debt for those on means-tested benefits. This initiative could provide relief to individuals who have accrued significant energy debt during the challenging economic period from April 2022 to March 2024. The developments in the financial markets and energy sector highlight ongoing economic challenges and the need for supportive measures.

Standard Chartered has reported a 9% increase in profits for the third quarter of 2025, prompting the bank to upgrade its full-year guidance. This positive financial performance highlights the bank's resilience and effective strategies in navigating the current economic landscape, making it a significant player in the banking sector.

Norden has reported a strong profit of USD 26 million for Q3 2025, prompting the company to raise its guidance for the upcoming quarters. This positive financial performance highlights Norden's resilience and effective strategies in a challenging market, making it a noteworthy player in the industry.

Monzo has appointed a new CEO as the company gears up for a significant public offering, known as a mega-float. This leadership change is crucial as it signals Monzo's commitment to growth and innovation in the competitive fintech landscape. With the new CEO at the helm, Monzo aims to enhance its market position and attract more investors, which could lead to exciting developments for its customers and stakeholders.

ServiceNow has reported impressive third-quarter results, exceeding expectations and announcing a five-for-one stock split, which has led to a rise in its shares. This news is significant as it reflects the company's strong performance and commitment to enhancing shareholder value, making it an attractive option for investors looking for growth opportunities.

Dampskibsselskabet Norden has reported a significant rise in profits for the third quarter of 2025, along with an optimistic lift in guidance for the upcoming periods. This positive financial performance highlights the company's resilience and strategic positioning in the market, making it an important player in the shipping industry. Investors and stakeholders will be keen to see how this momentum continues, as it reflects broader trends in global trade and shipping.

Standard Chartered has reported a significant rise in profits for Q3 2025, prompting the bank to upgrade its financial guidance. This positive development reflects the bank's strong performance and strategic initiatives, which are likely to bolster investor confidence and enhance its market position. Such growth not only benefits shareholders but also indicates a robust economic outlook, making it an important update for stakeholders in the financial sector.

Campari's shares surged by 9% after the company reported profits that exceeded expectations, largely due to effective cost-saving measures. This positive financial performance highlights Campari's ability to navigate economic challenges and optimize operations, making it an attractive option for investors looking for stability in the beverage sector.

In a recent meeting in South Korea, Donald Trump expressed optimism about reaching a trade deal with China, stating it could happen 'pretty soon.' This is significant as it reflects a potential thaw in trade tensions between the two economic giants, which could have positive implications for global markets and economies.

The FTSE 100's winning streak has come to an end, coinciding with WPP shares hitting their lowest level since 2008. Meanwhile, the energy regulator Ofgem is exploring a plan to potentially cancel up to £500 million in energy debt for those on means-tested benefits. This initiative could provide relief to individuals who have accrued significant energy debt during the challenging economic period from April 2022 to March 2024. The developments in the financial markets and energy sector highlight ongoing economic challenges and the need for supportive measures.

Germany's economy is facing challenges, with zero GDP growth in the third quarter following a slight decline in the previous quarter. This stagnation highlights the impact of higher U.S. tariffs, which have created uncertainty for businesses and consumers alike. Understanding these economic shifts is crucial as they could influence future policies and recovery efforts.

Meta's shares have taken a hit as investors express concern over the company's aggressive spending plans on artificial intelligence. This move, while aimed at enhancing its technological capabilities, has raised alarms about the potential impact on profitability in the short term. Investors are closely watching how these investments will affect Meta's financial health and market position, making this a critical moment for the company.

Volkswagen has reaffirmed its production guidance, stating that current chip shortages have not yet affected output at its German factories. However, the company cautions that the situation remains fluid, highlighting the ongoing challenges in the automotive supply chain. This is significant as it reflects the resilience of Volkswagen amidst global supply issues, but also underscores the uncertainty that manufacturers face in the near future.

Tenaris reported a profit for the third quarter that exceeded analysts' expectations, showcasing the company's strong performance in a challenging market. However, they cautioned that lower margins may be on the horizon due to various economic pressures. This news is significant as it highlights both the resilience of Tenaris in the current economic climate and the potential challenges that could impact future profitability.