Havas and Publicis Expect Ad Cuts in Autos and Finance

French ad firms Havas SA and Publicis Groupe SA said that automotive and financial companies are paring back their marketing plans.

The outlooks came as Havas reported first-half revenue and Publicis posted first-half revenue and profit.

Havas, owner of the Euro RSCG Worldwide agency, said second-quarter revenue rose 8.4%, after stripping out the effect of exchange-rate moves, divestments and acquisitions, a key ...