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Evening Standard
Evening Standard
Business
Simon English

WPP cuts forecasts again as takeover talk swirls around ad group

A GLOBAL slowdown in spending by US tech giants forced WPP into its second revenue warning this year amid wider caution among big consumer goods giants.

The ad giant also says the key Chinese market is faltering and that costs cuts are needed, a worrying suggestion for the 13,000 UK staff,most of whom are in London.

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