The Week: City news - Publicis' profits fall EUR27m

Publicis Groupe's profits for the first half of 2009 fell 13.6 per cent year on year, from EUR199 million to EUR172 million.

However, revenues at the group, led by Maurice Levy, were almost unchanged for the same period, falling from EUR2.226 billion to EUR2.209 billion. The group's European region was hardest hit, with revenues down 11.6 per cent to EUR738 million. Asia revenues fell 8.2 per cent to EUR238 million, but Latin America revenues were up 1.2 per cent to EUR109 million.