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There is further evidence of an advertising recovery following WPP's disclosure that revenues for the first quarter of 2004 grew by 5.7 per cent.
The UK was strong with revenues up 12 per cent year on year. However, the overall recovery in continental Europe lagged behind the rest of the world, where there was double-digit growth.
WPP's North American business was up by almost 11 per cent while its Asia-Pacific, Latin America, Africa and Middle East business was up by more than 28 per cent. Continental Europe grew by less than 8 per cent.
The company reported total group revenues of pounds 960.3 million, compared with pounds 908.5 million for the same period last year.
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