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Article: Abbott Mead untarnished
- Article from:
- The Independent (London, England)
- Article date:
- September 21, 1995
- Author:
CopyrightCopyright 1995 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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The trials of Cordiant and the muted performance of Martin
Sorrell's WPP have tended to give the advertising sector something
of a bad name on the stock market.
Shareholders can therefore be thankful that Abbott Mead Vickers,
run by the 18-year partnership of David Abbott and Peter Mead,
maintains its reputation for good management and consistent
performance.
Yesterday's half-year pre-tax profits of pounds 3.5m, up from
pounds 2.3m last time, are further proof that a commitment to
growing the underlying business, matched by a conservative strategy
of buying only into related sectors such as public relations and
contract publishing, can pay dividends.
While other agencies have only just ...