The World: New York - Speculation over Interpublic as share price dips

The future of Interpublic was the subject of renewed speculation this week, as the share price of the world's third-largest communications company dipped below $8.

This latest dip recalls the summer of 2006, when the price fell below $8 for the first time in 15 years.

Analysts did point out that rivals who might covet IPG, including WPP and Publicis Groupe, were also experiencing stock declines, making a potential deal difficult. A spokesman for Michael Roth, IPG's chief executive, admitted market conditions had been "very challenging", but said the stock price would improve on the back of improved financial results.