Ad giant WPP reports higher profit, sales

WPP, which owns Ogilvy & Mather and Young & Rubicam, said that clients had more confidence in 2012 but were unwilling to take risks.

1st March, 2013
Martin Sorrell, WPP

Advertising giant WPP has reported profit before tax and interest that rose 7.1 per cent to stg£1.53 billion (€1.77 billion) in 2012 while sales rose 3.5 per cent to stg£10.4 billion.

WPP, which owns Ogilvy & Mather and Young & Rubicam, said that clients had more confidence in 2012 but were unwilling to take risks.

"We see little reason if any for this pattern of behaviour to change in 2013, with continued caution being the watchwords," said...

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