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BUZZ-U.S. ad firms slip after London rival WPP's weak results

Reuters
2025/02/27
BUZZ-U.S. ad firms slip after London rival <a href="https://laohu8.com/S/WPP.UK">WPP</a>'s weak results

** Shares of ad firms Omnicom OMC.N and Interpublic Group IPG.N fall 2.6% and 0.9%, respectively

** London rival WPP WPP.L reports worse-than-expected decline in organic revenue hurt by weak client spending

** WPP CEO Mark Read said it was a "tough market out there," amid pressure in British market, the U.S. and China

** OMC and IPG are set to complete a $13.25 billion all-share merger this year that would make them the world's biggest ad group

** IPG down 14.3% in the past 12 months, OMC has lost 6% in the same period

(Reporting by Medha Singh)

((medha.singh@thomsonreuters.com))

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