uk politics instability raises british ad market uncertainty, jcdecaux says

by:YEROO     2019-08-26
Barcelona November 15Reuters)-
Britain\'s Cabinet resigned due to a draft divorce agreement with the EU, which exacerbated uncertainty about the future of the UK advertising market
Chief executive of the outdoor advertising company JCDecaux said on Thursday.
Just over 12 hours after British Prime Minister Theresa May announced that her senior ministerial team had agreed to the terms of the draft agreement, britain\'s exit from EU Minister Dominique Rabu and Minister of Work and Pension Egypt say they can\'t support it.
\"The situation is obviously very serious,\" Jean-
Charles Deco said in an interview with Reuters on the sidelines of the Morgan Stanley TMT conference in Barcelona.
\"Today\'s events have exacerbated the uncertainty in this market,\" added the French company executive . \".
JCDecaux, the world\'s leading outdoor advertising company, manages advertising offers for bus shelters in London (TfL).
Britain is its third largest market, accounting for 10% of its total revenue. (
Report by Matthew Rosemain;
Edited by Michelle Rose)
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