WPP led the London market sharply lower on Thursday after Citigroup argued that 2009 may not be the trough year for earnings.
In a preview of results season, Citi turned “overwhelmingly cautious” on the advertising sector and cut WPP to “sell”.
WPP leads FTSE slide as Citigroup turns cautious
By Bryce Elder and Neil Hume
Published: July 2 2009 08:33 | Last updated: July 2 2009 20:45
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