Havas Group reports a 1.9 percent rise to in first-half revenues to $1.3B and a 34 percent drop in net income to $98M as growth slowed during the period. Organic group was off 0.4 percent.
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Yannick BolloreBlaming an industry-wide funk, Havas CEO Yannick Bollore said Havas was hurt by cuts in client spending, pressure on margins during contract negotiations/renegotiations, and economic slumps in formerly high-growth markets such as Brazil, Mexico, China and India.
Though Bollore anticipates a slight improvement during the second-half, he cannot confirm earlier forecasts of full-year organic growth between two to three percent.
WPP shares have been dropped from the London Stock Exchange’s prestigious FTSE 100 index as its stock market price has plunged by two-thirds this year.
Public Policy Holding Company registered 23.8 percent Q3 growth to $48.8M, with organic growth contributing 4.5 percent and the balance driven by merger & acquisition activity.
Publicis Groupe reported 3.1 percent in Q3 growth to $4B, sparked by a 3.6 percent jump North America, its biggest market.
WPP suffered a 10.2 percent drop in 1H revenues to $6.7B and a 47.8 percent plunge in operating profit to $297M.
Interpublic reported Q2 net revenues dropped 6.6 percent to $2.2B and operating income tumbled 23.4 percent to $243.7M. 
