WPP today reported a 21% increase in revenues in its quarterly trading update. New billings for the period were worth £830m, compared to £730m for the same period last year, as the company benefited from large assignments from new and existing clients including Ford, Motorola, Nike and KPMG.
The company is now the biggest advertising group in the world, after its acquisition of Young & Rubicam was accepted by shareholders last month (see Shareholders Approve WPP/Y&R Deal). Its North American division posted revenues up 19% in the three months to the end of September, while the UK market rose by over 11%.
WPP: 020 7408 2204
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