Top Story

e4m_logo.png

Home >> International >> Article

WPP chief says U.S. slowdown being felt abroad

26-June-2001
Font Size   16
Share
WPP chief says U.S. slowdown being felt abroad

The effects of the U.S. economic slowdown are starting to be felt in Europe, Asia and Latin America, said WPP Group's Chairman-CEO Martin Sorrell. Speaking at the company's annual meeting in London, Mr. Sorrell said revenue growth has been affected by "the U.S. business-to-business recession, which started in the fourth quarter."

WPP's worldwide revenue grew 62% during the first five months. But the growth was mainly due to the acquisition of Young & Rubicam; adjusted to exclude acquisitions and currency effects, the five-month revenue grew only 4% during the first five months. That's less than a third of WPP's 15% growth rate in 2000.

Advertising and media revenue grew 59%, information consultancy grew 15%, public relations was up 109% and marketing service -- including branding, health care and specialist communications -- grew 85%.

Tags

Aparna Bhosle, Business Cluster Head - Premium & FTA GEC channels - ‎ZEEL, on its new property, sponsors, investment on acquisition and response to BBC First

In an interview with exchange4media, Ferzad Palia says that most successful brands are not those who spend the most money

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Southeast Asian market

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Sou...

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

Aroon Purie, the India Today Group Chairman and Editor-in-Chief today appointed his daughter Kallie Purie as the Vice Chairperson of the group