WPP, the advertising group which includes JWT and O&M, has released results this morning for the six months to June 30. Pre-tax profits are up 50% from £24.13m to £36.2m. Turnover was £2.87bn. WPP’s shares rose 12p yesterday to close at 123p, in anticipation of healthy results today. At 9.30am the price had dropped 4p to 119p.
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