City File: WPP sees light at end of the tunnel

Sunday 22 August 1993 00:02 BST

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

THE recovery is coming. WPP Group will be able to show real revenue growth in its US businesses and in its advertising agencies when it unveils its results tomorrow.

The UK and Europe are still quite soggy, and public relations is poor. But at Ogilvy & Mather and J Walter Thompson, the Babycham, if not the Bollinger, is on ice.

It should all add up to pre-tax profits in the order of pounds 16m, despite restructuring costs of pounds 7m. The shares, though, have had a good run and are no better than a hold.

(Graph omitted)

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

City File: WPP sees light at end of the tunnel

Join our commenting forum

Thank you for registering