By John Glenday

Advertising behemoth WPP has steadied following a post-Brexit wobble to post a 4.6 per cent increase in like-for-like group revenue for July with net sales increasing by 1.9 per cent.

Most pertinently WPP was boosted by an improved UK performance over the most recent quarter which the business attributes to a rapid devaluation of Sterling since the referendum result.

Despite apparently being in fine fettle WPP is urging caution going forward however, with other global concerns besides Brexit weighing on its mind. Chief amongst these is a $7tn net cash mountain hoarded by multi-nationals which is not being invested for growth but Read full story ›

Source: The Drum