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Income Boosters: WPP results suggest income opportunity

27/08/2020 · Pearson (PSON)  · WPP (WPP) 

FTSE 100 Income Booster Investment Ideas UK

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More good news on dividends as ad giant WPP restarts payments, although a big write-off is disappointing

FTSE 100 advertising giant WPP (LON: WPP), a constituent of our Income Boosters portfolio cancelled its dividend as the pandemic got underway earlier this year. But the dividend is now back and WPP's half-year results look fairly reassuring to us.

WPP's revenue fell by 11.5% on a like-for-like basis to £5,583m during the first half of the year. Excluding pass-through costs, the decline was 9.5%, which the company says is slightly better than expected. Headline pre-tax…

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