0832 GMT - WPP halved its interim dividend ahead of a strategy review led by incoming CEO Cindy Rose, but a cut was likely to have been expected by investors, UBS analysts say in a research note. The U.K. advertising group's results look broadly as anticipated after the company issued a surprise update in July when it cut its full-year outlook, UBS says. Moreover, there were no further downgrades to its expectations, the analysts say. However, a cash outflow of 1.27 billion pounds is a key negative, according to UBS. Shares fall 3.9% to 3.87 pounds. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
August 07, 2025 04:32 ET (08:32 GMT)
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