Cordiant Keeps Its Shares in Play

Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.

NEW YORK Cordiant Communications Group, by releasing its preliminary results for 2002 on Thursday morning, avoided having its shares suspended by the London Stock Exchange.

The British holding company reported that operating profit for 2002 was up 1.4 percent to nearly $60 million on revenue that fell 11.3 percent on an underlying basis to $847 million.

Following the loss of Allied Domecq on Monday, CCG had warned that it might not be able to issue its year-end results by the May 1 deadline set by the U.K.



AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in