According to a Reuters report, Aegis has said that it continues to trade in line with comments made at its AGM, which was held on May 22.
At that time, Aegis chairman Lord Sharman told shareholders that the group sees signs of recovery among advertisers, particularly in North America.
Shares in Aegis have lost over 24% of their value since the AGM, when they were valued in the region of 114p. This morning, shares were trading around 87p after plunging as low as 80.5p yesterday, before closing at 87.25p.
Analysts are concerned that Aegis may not meet its margin targets, and that growth may not reach the levels that the company has forecast.
Aegis, with its Carat media-buying jewel, could be a prized takeover target for one of the international advertising groups looking to fill a gap in its offering. However, rumours to this end have been met, in the past, by a firm commitment to independence by Aegis CEO Doug Flynn.
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