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Sir Martin Sorrell says British market is stronger than other parts of world but firms worldwide are cutting costs

The advertising group WPP has lowered its growth forecasts for the third time this year amid shrinking client budgets, but said its UK business was benefiting from Brexit uncertainty.

Sir Martin Sorrell, the WPP chief executive, said the UK market was stronger than other parts of the world as firms opted to invest in advertising and marketing campaigns rather than commit to major spending on buildings and machinery.

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