WPP update provides bounce

Shares in FTSE 100 advertising giant WPP (LON:WPP) moved upwards by 6.72% to 550.46p (as of 11:15 GMT) after providing a trading update. Management said that trading had been strong during the first two months of 2020, but had dropped off during March.

The company withdrew its guidance for the current year due to the significant uncertainty and has withdrawn the recommendation to pay a final dividend.