Ad Giant WPP Benefits From Brexit as Weak Pound Lifts Profit

Updated on
  • Earnings increase 15% on contract wins, currency effect
  • Shares surge as company sees U.K. rebound after uncertainty

WPP Plc, the world’s largest advertising company, benefited from the U.K.’s vote to leave the European Union in the first half of the year as a favorable currency translation more than offset Brexit’s drag on the British economy. The stock jumped.

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