Aegis confident as revenue rises

Aegis says it is increasingly confident about its future as a smaller, more focused media buyer, as it posted strong first-half organic revenue growth and confirmed what now appears to be a conservative outlook.

The firm, which agreed in July to sell its Synovate market research division to Ipsos for £525m, posted organic revenue growth of 7.3 per cent, driven by a strong performance in the US and across faster growing regions.

It expects to grow at a similar rate in the third quarter, although for the full-year it simply reiterated its full-year forecast.