Times toughen for WPP, Interpublic and Omnicom

Australia and New Zealand are among WPP’s “difficult” markets at the moment, a trading update from the communications group revealed yesterday.  

In its first quarter trading statement, WPP said: “In Asia Pacific, Australia and New Zealand, Japan, Singapore and South Korea were difficult, but Mainland China and India still showed some like-for-like growth.”

In the update, WPP said that its global revenues were down by nearly 6%.

WPP is not the only holdign group updating the market this week. Interpublic said this morning that its revenues had also fallen by just under 6%, while yesterday Omnicom said it has seen a first quarter profit fall of 21%.


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