The Week: City News - Aegis Group's profits down

Aegis Group, the owner of Carat, has posted half-year profits that are down by almost 90 per cent to £6.6 million.

However, the group forecast that its full-year underlying profit would be in line with market consensus, thanks in part to a strong new-business performance from Aegis Media. Jerry Buhlmann, the Aegis Media chief executive, said: "I'm confident about our product and our people and we have invested heavily in terms of digital integration."