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Sharewatch: WPP Falters Ahead Of Results
WPP was seen under pressure yesterday, inching up 0.13% despite broader market optimism. The group is expected to announce a fall in profits for the first half of 2003 when it issues its interim results this week (see WPP Puts Faith In The Future).
Elsewhere, Carlton fell 0.55% despite the bullish market. Investors continue to consider the declining power ratio of ITV in the multi-channel marketplace.
Broader market sentiment was cheered by strength among London’s blue chip stocks, which pushed higher yesterday, following last week’s move above the 4,200 level.
The closing prices of media company shares on Monday were:
