27 April 2012 – Q1 trading update

The advertising and marketing group has issued a positive trading statement for the first quarter of the year with sterling revenues up by 7.6% at £2.4bn.  The group has seen growth in all regions notably in Asia Pacific and Latin America and also in  all business sectors.  First quarter profits and margins were above budget and ahead of last year.  We continue to recommend the shares as a BUY.