FTSE LIVE: RBS profits drop; WPP hurt by client losses; Just Eat’s winter slowdown

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Market watch: FTSE 100 opened in the red today - down about 10 points at 7,424.18


FTSE LIVE: RBS profits dented by Brexit uncertainty; WPP still hurting from big client losses; Just Eat blames warm weather for winter slowdown

  • WPP sales dropped by nearly 3% as it reels from the loss of some big accounts 
  • RBS said profits declined 12.5% in the first three months of the year
  • Just Eat UK sales grew 7.4%, a marked slowdown on the 24% spike last winter 

Advertising giant WPP is still hurting, it seems, from a tumultuous year that culminated in the unceremonious departure of its founder and CEO Sir Martin Sorrell and the loss of some big accounts like Ford. 

Just Eat has reported a slowdown at its UK business, with the online delivery firm blaming warm weather and the timing of Easter. 

And RBS is back in the news today. After announcing on Thursday that its boss of more than five years was planning to step down from the helm, it has reported a 12.5 per cent drop in first quarter profits.   

Market watch: FTSE 100 opened in the red today – down about 10 points at 7,424.18 

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