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WPP hails increase in revenues for first five months of 2004.(WPP Group PLC)(Brief Article)
WPP announced a 2 per cent increase in revenues for the first five months of the year and predicted a better year than 2003.
At its annual general meeting, where shareholders voted in favour of WPP's executive pay package, the advertising group said factors such as Euro 2004, the Olympics and growth in the US were behind the increase.
Excluding last year's Cordiant acquisition, WPP's revenues rose by 4 per cent over the first five months. It said that media planning and buying was the most buoyant part of its business, with growth in revenues of more than 14 per cent.
UK revenue growth was especially strong, up 12 per cent, against 8 ...
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