WPP beats forecasts in 'ugly' year

Advertising giant WPP topped market expectations with its results for 2012 but labelled its performance as 'ugly' due to the varying levels of growth throughout the year.

Advertising giant WPP topped market expectations with its results for 2012 but labelled its performance as 'ugly' due to the varying levels of growth throughout the year.

The company, led by media guru Sir Martin Sorrell, reported full-year revenues of £10.37bn, up 3.5% from 2011 and ahead of the £10.3bn consensus estimate.

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