French advertising agency Publicis warned it would be "very difficult" to meet its annual target of 4 percent organic sales growth after a second-quarter slowdown caused in part by the failure of its planned merger with Omnicom in May.Publicis said on Tuesday its second-quarter sales fell 1.76 billion euros ($2.5 billion) from 1.79 billion a year earlier, missing an analysts' forecast of 1.88 billion euros, according to Thomson Reuters I/B/E/S.Organic sales growth slipped to 0.5 percent from 3.3 percent in the first quarter, with growth in North America not enough to offset weakness in Europe and sluggishness in China and India.Chief Executive Maurice Levy also blamed the strong euro for chipping away at Publicis' growth - currency effects stripped 148 million euros out of revenue in the first half.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.35% or $-0.13/share to $36.66. In the past year, the shares have traded as low as $32.87 and as high as $38.73. On average, 744402 shares of TRI exchange hands on a given day and today's volume is recorded at 458452.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.38% or $-0.15/share to $39.31. In the past year, the shares have traded as low as $34.52 and as high as $42.10. On average, 586259 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 456854.
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