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WPP sees signs of Brexit uncertainty as Q3 organic sales growth slows

Mon, 31st Oct 2016 07:19

LONDON, Oct 31 (Reuters) - WPP, the world's largestadvertising group, reported a slowdown in organic net salesgrowth in the third quarter to 2.8 percent, saying a weakerperformance in Britain perhaps reflects the first impact ofBrexit uncertainties.

The group said it now forecast that both like-for-likerevenue and net sales for the year would grow by "over 3percent", a slightly more cautious outlook than the "well over 3percent" it was predicting in August.

Like-for-like revenue in the third-quarter rose 3.2 percent,a slowdown from the 4.3 percent reported for its first half, itsaid on Monday. (Reporting by Paul Sandle; editing by Sarah Young)

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