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 CEO Cindy Rose has retained Goldman Sachs to explore strategic options regarding its Burson PR flagship, according to a report in the London Times.
Mike Sitrick has bought his firm Sitrick And Company back from RGP, the Dallas-based management consulting firm. He sold the strategic communications powerhouse for $43.4M in Oct. 2009.
Omnicom CEO John Wren enjoyed a 222 percent jump in 2025 compensation to $69.9M as the firm completed the acquisition of Interpublic.
Public Policy Holding Company recorded 24.7 percent growth in 2025 revenues to $186.5M and a 32.1 percent surge in adjusted net income to $36.6M.
S&P Global has reaffirmed its negative “BBB” rating on WPP due to ongoing challenges that it will face during the next 12 months.
