Ads giant WPP sees profits plummet

Advertising giant WPP today reported a 47% drop in profits and predicted 2010’s big events such as the FIFA World Cup and US Congressional elections will fail to lift performance.

Ads giant WPP sees profits plummet

Advertising giant WPP today reported a 47% drop in profits and predicted 2010’s big events such as the FIFA World Cup and US Congressional elections will fail to lift performance.

The firm said reported pre-tax profits were £179.3m (€204m) in the six months to June 30, down from £338.5m (€385.7m) a year earlier.

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