WPP profits despite weak UK market

Media and advertising giant WPP today reported a 5% hike in like-for-like revenues but said the UK market continued to weaken.

WPP, which owns agencies including Ogilvy & Mather and Hill & Knowlton, said pre-tax profits rose 24% to £316m (€464m) in the first six months of the year, helped by a strong performance in Africa and the Middle East and Central and Eastern Europe.