WPP led the London market sharply lower yesterday 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 fall after Citi turns 'cautious' on advertising sector
By Bryce Elder and Neil Hume
Published: July 3 2009 03:00 | Last updated: July 3 2009 03:00
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