Digest

WPP Group is expected to produce pre-tax profits of over £475m (after allowing for goodwill), on target with City expectations, when it unveils full-year results yesterday(20 February 2002).

WPP Group is expected to produce pre-tax profits of over &£475m (after allowing for goodwill), on target with City expectations, when it unveiled full-year results yesterday (20 February 2002). Earnings per share will be slightly ahead of last year’s 29.3p and operating margins are expected to hold at 14 per cent. WPP chief executive Sir Martin Sorrell has been bearish in recent pronouncements on the economic outlook, but is thought to be looking at a ‘saucer-shape’ recovery this year, which will result in a slight upswing in revenues, particularly on the healthcare and direct marketing side.

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