UK advertising company boosts share of advertising market

UK Advertising giant WPP today posted a 32% hike in first half profits to £255m (€374m) and said it had increased its share of the advertising market in recent weeks.

WPP revealed like-for-like revenues rose 6% in the six months to June 30 after stripping out the impact of deals including its £730m (€1.07m) purchase of New York-based agency Grey Global.