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London-listed company’s market value has dropped behind US rival Omnicom

WPP is no longer the world’s biggest marketing and advertising services group by market capitalisation after the UK company’s stock market value slipped below that of US rival Omnicom for the first time in almost a decade.

The London-listed company’s share price has been slashed by a quarter over the past year and is languishing at levels not seen since 2012. The group, which has held the status of the world’s most valuable advertising group since 2011, has seen its stock market value plunge to about £13bn ($17bn) as it faces both internal and external crises.

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