WPP reports like-for-like sales down 0.1% in first financial update since Sorrell exit

WPP has reported a like-for-like net sales drop of 0.1% for the first quarter in its first trading update since the departure of chief executive Sir Martin Sorrell.
Its performance exceeded the forecasts of analysts who had predicted a 1% decline or worse, and was described as “in line with our expectations” by the group’s executive chairman Robert Quarta.
The figures showed like-for-like net sales up 1.6% in the UK and 2.3% in Asia and Latin America.
North America and Western