The Week: City News - Aegis shares plummet

Aegis Group has reported an organic revenue fall of 11.9 per cent in the first quarter of 2009, causing its shares to plunge and making the company more vulnerable to a takeover bid by its rival Havas.

However, the group said that its forecast for a resilient performance in more difficult markets in 2009 remains unchanged. Group revenue was up 6.5 per cent, helped by exchange rates.