The company, which is awaiting the outcome of the Hyundai creative pitch in the US, has failed to give the City a firm date when its results will be released. All it has said is that its results will be out in March.
A spokesman for the company said: "The company has consistently said it would announce its results in the second half of March -- it has never given a firm date. Just as soon as we have one, we will let the market know."
Cordiant, which owns the Bates Worldwide advertising network, has said it expects full-year revenues to fall 9% due to the economic slowdown.
Shares in Cordiant were down to 71.5p this morning, having been losing ground all morning. The current Cordiant share price is a far cry from its market high of more than 400p at the height of the media boom in early 2000, around the time it made its purchase of US PR group Lighthouse Global Network, which even then many analysts thought it was overpaying for.
Last month, it saw its shares crash 9% to 69p on renewed concerns about a possible £200m write-off against its purchase of Lighthouse.
As one of the last remaining independent advertising and media groups, the agency is the subject of continuing takeover talks.
Earlier this week, former Business Communications International CEO Nick Miles and group managing director Hugh Morrison, the PR duo sacked by Cordiant, were reported to be ready to hit back at the company by turning "whistleblowers".
The two have, according to a report in The Observer newspaper, filed claims under the Public Interest Disclosures Act. The legislation, which is commonly referred to as the "whistleblowers' charter", could lead to the two winning millions in compensation.
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