WPP flags business review and debt reduction following a flat start to the year

April 30, 2018 5:15

Two weeks after Sir Martin Sorrell’s departure, WPP has released its latest market update with revenues falling 4% and joint COOs Mark Read and Andrew Scott warning the company will be looking closely at underperforming operations.

In its first quarter 2018 trading update, the group reported £3.555 billion in revenue, down 4% on the previous year which the company attributed to a stronger pound this year.

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Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

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WPP