City File: WPP sees light at end of the tunnel
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The UK and Europe are still quite soggy, and public relations is poor. But at Ogilvy & Mather and J Walter Thompson, the Babycham, if not the Bollinger, is on ice.
It should all add up to pre-tax profits in the order of pounds 16m, despite restructuring costs of pounds 7m. The shares, though, have had a good run and are no better than a hold.
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