0802 GMT - WPP shares are likely to react positively to the U.K. advertising group's third-quarter update, Bernstein's Annick Maas and Christophe Cherblanc say. The company's like-for-like revenue less pass-through costs declined 2.1%, but this was better than what the consensus anticipated, Bernstein says. The company also reiterated its full-year expectations. "Investor focus is likely to remain on underlying trading trends, new business momentum and the outlook" for the fourth quarter, the analysts say.
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