Advertising and public relations firm WPP Group recently reported a 10.7% rise in revenue for the first four months of 2016 to �4.18bn, or 8.8% on a constant currency basis, reflecting the weakness of the pound against the US dollar and euro.
The media sector is being transformed by the digital revolution, which makes data transmission, storage and consumption cheap and desirable, whilst the traditional media of print and analogue broadcasting become costly, unwieldy and unappealing.
With global economic growth showing clear signs of slowing, finding growth stocks have become increasingly difficult. Corporate earnings growth is beginning to moderate and, in many cases, earnings have already started to decline.
With another solid quarter in the bag, lower oil prices and European quantitative easing underpinning the advertising giant's recovery, WPP (WPP) reckons it's on track to meet full-year expectations. Although recovery in the US, UK and India is helping ...