Highly acquisitive media giant WPP has had a strong start to 2012 with like-for-like revenue growth coming in ahead of expectations in the first quarter.
The group, led by frontman Sir Martin Sorrell, said revenue in the three months to March 31st totalled £2,392m, up 7.6% on last year's £2,223m.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Meanwhile, the group gained a total of £1,159m in net new business wins (including all losses) in the first quarter, compared with £841m the year before.
BC
-
Reeves warned against property tax shake-up – 3 ways it could backfire on first-time buyersRachel Reeves reportedly has her eye on high-end property taxes in the upcoming Budget, but there are concerns a shake-up could unintentionally hamper those trying to get on the housing ladder
-
Average Brits want to retire five years before they can – who has the widest retirement gap?Brits are expecting to work for longer than ever but there are big disparities in the number of extra working years predicted. A small tweak could help close the gap
