Global advertising and communications group WPP has this morning posted a 20% growth in its first quarter revenues. Revenues in the UK grew by 17%, as against a 23% growth in Continental Europe. Across WPP’s network of companies, new business billings totalled £532 million.
WPP is understood to have made a new merger offer for the Young & Rubicam (Y&R) worldwide advertising network. An alliance of the two companies would create the world’s largest advertising and communications group. WPP already owns the Ogilvy & Mather and J Walter Thompson agencies, amongst others.
WPP: 020 7408 2204
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