WPP says acquisitions back on agenda after Kantar sale

BARCELONA (Reuters) – Advertising group WPP (L:) will consider making acquisitions to bolster its capabilities in faster growing segments such as technology and commerce after selling a majority stake in its research arm Kantar, Chief Executive Mark Read said on Thursday.

“We have the ability to grow organically, there’s also the opportunity to invest and acquire attractive businesses to reposition the portfolio,” he told an audience of investors at the Morgan Stanley (NYSE:) Technology, Media and Telecom conference.

“Now we have the Kantar situation nearly behind us, we can start to think more tactically – not go crazy – about how acquisitions can add to what we are doing in those areas.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.