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

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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