Thursday, April 19, 2007

UPDATE 1-WPP Q1 like-for-like revenues up 4.3 pct

(Reuters) - LONDON, April 20 - WPP Group , the world's second-largest advertising company, said on Friday its first-quarter like-for-like revenues increased 4.3 percent, reflecting the strong global economic environment. Analysts had been expecting an increase in the region of 4.5 percent.

The company, whose agencies include JWT and Young & Rubicam, said it had seen some softness in the United States in the last few months, relative to the strong last half of 2006, but this had been largely counter-balanced by improvements in Western Europe.


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