Havas hails advertising recovery

Havas, the marketing group headed by Vincent Bolloré, has returned to growth for the first quarter in more than a year, after winning contracts from companies including Credit Suisse, Heineken and Comet.

The advertising giant's recovery has boosted the industry, which has struggled in the worst recession in memory, though Havas warned that UK sales were down 1.5 per cent despite a rise in spending on pre-election campaigning.