Sorrell forecasts 2% growth for WPP this year
By Staff, mediaweek.co.uk, Friday, 30 April 2010 02:41PM
LONDON - Sir Martin Sorrell has upped the forecast of WPP from flat to 2% growth for the year following three months of "stabilisation" today.
The WPP leader said the group had seen sequential monthly improvements since the start of the year, culminating in "a little bit of growth" of 1% in March.
WPP reported revenues of £2.1bn, down 1.82% year on year, during the first quarter of 2010.
In an interview with CNBC he also admitted "sequential growth" is expected to continue in April, May and June.
In the interview, which follows WPP’s trading statement issued today, Sorrell is also questioned on whether WPP will return to Britain if the Conservatives are elected.
Sorrel does not confirm or deny a move. He said: "If it's on the basis of a manifesto we couldn’t make a decision. It's not consultation.
"What we need is a guarantee that overseas profits will not be taxed. That's what drove us to Dublin."
This article was first published on mediaweek.co.uk
- On-Air Creative / Creative Executive Discovery Communications Very Competitive with excellent benefits, London (West), London (Greater)
- Commercials Producer/Director Searchlight Recruitment An attractive salary is available to the successful candidate. , London (Central), London (Greater)
- Senior Marketing Manager Cutis Developments £50,000 - £60,000 per annum , Victoria, London (Greater)
- PR Account Executive/Senior Account Executive Brand Recruitment £19000 - £25000 per annum, Aylesbury
- Account Executive Major Players £22000 - £23000 per annum, London
- Five black Pencils awarded at D&AD 2015
- Campaign Viral Chart: True Detective trailer in number one spot
- Managing director Paul Hayes to leave News UK after 15 years
- Pimm's launches weather activated OOH campaign
- Vizeum on alert as 21st Century Fox review includes £150m European media
- Tango returns to advertising after two years with off-brand TV ad