The Week: City News - Interpublic shares fall

Shares in Interpublic Group fell by more than 7 per cent last week, after the company posted a larger than expected first-quarter loss of $132.8 million. Although results were better than the same period of 2006, revenues rose just 2.4 per cent year on year, and organic growth continues to lag behind its rivals, at just 1.6 per cent. The US and the UK saw organic growth levels offset by declines in continental Europe and Asia-Pacific regions.