Media In The City: WPP Reports 5.3% Revenue Increase

Last week saw WPP report a 5.3% increase in like-for-like revenues for the six months to the end of June, boosted by acquisitions in China and India and faster growth in the US.

The company posted a pre-tax profit of £338 million, a 6.9% rise on the same period last year. Its reported revenue rose 2% to £2.9 billion (Full Story).

It was also revealed that Jim Hytner, group brand and marketing director at Barclays, is to leave the bank in November to take up the role of commercial director at Top Up TV (Full Story).

Hytner joined Barclays in 2004, having resigned as marketing and commercial director of ITV, where he was credited with rebranding ITV in the run up to the £5.6 billion merger of Carlton and Granada.

Meanwhile, GCap Media saw its share price fluctuate following the release of last week’s RAJAR listening figures, which showed that Capital Radio suffered a pretty poor second quarter (Full Story).

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