Sep 14th 2012 - Edison Investment Research today published a report on WPP (WPP.L, LSE:WPP, LON:WPP) entitled "Targeting Margins". In summary, the report says:
Interim results (reported end August) showed good like-for-like growth of 3.6% at constant currency, albeit at a slower pace in Q2. The growing contribution from newer markets – organic and from more recent acquisitions – should help offset concerns over the continuing expected slowdown of European and North American markets, with no major events to power corporate spend. Further growth in margin is targeted, as are better internal cross-selling and co-operation, termed ‘horizontality’. The dividend was raised 18%, supported by strong cash flow.
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