Arab Today, arab today advertiser wpp cuts revenue forecast again
Last Updated : GMT 07:47:21
Arab Today, arab today
Arab Today, arab today

Advertiser WPP cuts revenue forecast again

Arab Today, arab today

Arab Today, arab today Advertiser WPP cuts revenue forecast again

London - AFP

Global advertising giant WPP on Thursday slashed its revenue forecast for the second time in three months, and warned of a slowdown in Europe and the United States. The company said in a statement that it expected like-for-like revenue growth, which strips out the impact of exchange rate fluctuations and acquisitions -- of between 2.5 percent and 3.0 percent in 2012. WPP, which owns the Young & Rubicam and Ogilvy advertising agencies among others, had already lowered its revenue projections in August, saying then it expected growth of close to 3.5 percent, down from 4.0 percent previously. The group blamed uncertainty arising from the ongoing sovereign debt crisis in the eurozone, and a poor start to the third-quarter US earnings season. \"Clients seem to be increasingly cautious and this has impacted most geographies and functions,\" the advertising firm said. \"Concerns remain about the political will to implement the necessary European fiscal integration and the authorities seem to have been surprised by the September general weakness and a disappointing start to the third-quarter earnings reporting season.\" Markets were also unsettled by \"heightened political concerns in the Middle East, exacerbated by the continuing deterioration in Syria,\" while there were lingering fears over the health of the Chinese economy. WPP added that the biggest uncertainty was \"the health of the American economy and its fiscal cliff, deficit and indebtedness.\" Despite the bleak outlook, the London-listed company said its revenues rose 1.6 percent to £2.49 billion ($4.03 billion, 3.09 billion euros) in the third quarter, compared with the same part of last year. WPP, which also owns communications agency RLM Finsbury and market research firm Kantar Worldpanel, saw its shares drop 2.54 percent to 787.50 pence in late morning deals on the London stock market, which rose 0.43 percent. \"The US corporate third quarter reporting season has so far been disappointing in terms of numbers and outlook,\" said Hargreaves Lansdown analyst Richard Hunter. \"WPP has, unfortunately and perhaps unsurprisingly, been drawn into this disappointment.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today advertiser wpp cuts revenue forecast again Arab Today, arab today advertiser wpp cuts revenue forecast again

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today advertiser wpp cuts revenue forecast again Arab Today, arab today advertiser wpp cuts revenue forecast again

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday