Arab Today, arab today advertiser wpp cuts revenue forecast again
Last Updated : GMT 08:18:20
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.\"

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 Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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