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

Interpublic of Companies

27/02/2025 11:04

** 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))