Sir Martin Sorrell slashed growth forecasts at WPP, his advertising company often seen as a global bellwether Simon Dawson/GettyA combination of economic volatility and political uncertainty was blamed by Sir Martin Sorrell as he cut growth forecasts at WPP, the world’s biggest advertising group. The FTSE 100 company reduced its outlook for the second time in five months, warning that revenue growth for this year would be between zero and 1 per cent. That is down from 2 per cent in March and 3 per cent at the start of the year. Group revenue in the six months to the end of June was £7.4 billion, up 13.3 per cent from £6.5 billion and pre-tax profits were £779.2 million, up 52 per cent, but they were below market expectations. It was the speed and scale of the slowdown during the period, particularly in…

Source: The Times August 23, 2017 23:03 UTC