Results Roundup: high yielders still delivering
Company results season is in full flow. In this piece we'll be taking a look at three companies from our Income Booster portfolio which have reported results over the last week.
On the whole, results from our Income Boosters has been fairly good during in the heart of results season. The only company which disappointed the market was advertising giant WPP (LON: WPP) which endured a 16% share price fall on results day to around 760p, leaving the shares with a yield of nearly 8% - tempting, but potentially risky.
What's gone wrong at WPP?
The company’s problem rests with the outlook for 2020. Chief executive Mark Read is forecasting flat revenue in 2020, where brokers had been expecting a return to growth. This guidance doesn't include any impact from the coronavirus, either.…
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