WPP

WPP joins shareholders’ revolt against Chime’s remuneration policies

Advertising giant WPP, the top shareholder in PR firm Chime, on Friday joined shareholders' revolt against the company's remuneration policies at its annual general meeting.

Nearly 25 per cent of Chime shareholders refused to support its future pay/remuneration policy for its executives, while 22 per cent of the shareholders turned down its last year's remuneration report.

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WPP Posts its Quarterly Growth Rate

On Friday, the advertising and communications Company WPP posted its quarterly growth rate, giving a major boost to the whole sector.

For the three months till the end of September, the total year-on-year UK sales were reported to be 7.4% higher at £262.3 million.

The statistics are good as compared to 0.2% growth in the first quarter and a boost of 5.1% in the first quarter.

The conventional advertising has shown good signs of recovery, with an upward trend in the first nine months of the year.

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WPP lifts full-year revenue forecast as market rebounds

World’s leading advertising agency WPP has lifted its full-year revenue forecast to 2 per cent growth as compared with its previous forecast of flat growth.

The UK-based WPP has upgraded its revenue forecast after seeing a turnaround in the US market and reporting revenues of 2.078 billion pounds for the first quarter, almost flat against a year earlier on like-for-like basis.

In 2009, WWP experienced a decline of 11 per cent in profits to 663 million pounds as the agency was hit hard by economic downturn.

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WPP Reported to Raise its Full-year Sales Outlook

The world's largest advertising agency, WPP PLC is reported Friday to have raised its full-year outlook, after a rebound in the wounded US advertising, however, warned that it will be early to comment anything on the sustenance of the improved scenario.

The world's largest marketing company in terms of revenue uncovered that its sales, profit and operating margins in the first three months of the year were highly above the budget and that the group in March announced the first monthly organic revenue jump since December 2008.

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Ad firm WPP posts 47% fall in pre-tax profits

WPP, world's leading advertising firm, has reported a drop of 47 per cent in pre-tax profits to £179 million for the first half of the year to June, depicting the adverse impact of global economic downturn on the advertisement industry.

WPP, the owner of the Ogilvy & Mather Worldwide public relations company, witnessed a drop of 8.3 per cent in underlying revenues for the first half of 2009.

Speaking on the topic, WPP said, "The impact of the recession on the group's profitability in the first half was severe."

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