Shareholders voted against Bollor茅鈥檚 proposal at its annual general meeting today. Aegis argued the bid would be a conflict of interest as Bollor茅 is also chairman of rival advertising group Havas.
Aegis chairman Lord Sharman said the UK market has proved to be 鈥渓ess robust than expected鈥 for the year to date.
The group reported a rise in organic revenues at Aegis Media of 5% for the first quarter of the year, helped by signs of improvement in France and Germany. Isobar, its digital media division, also performed strongly.
Aegis said it expected to generate a higher proportion of trading profits in the second half of the year, and that it was confident of achieving good results as a whole.
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