Pre-tax profits down at WPP

WPP Group’s pre-tax profits for 2002 were down 19 per cent to £400.6m, the marketing services giant announced this week, confirming the gloominess of earlier trading statements.

Glimmers of light included the performances of Lambie-Nairn in the UK; while in quarter four, North America showed revenue growth for the first time in seven quarters.

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