The Interpublic Group of Companies injected a further £17.75 million of share capital into its main UK holding company Interpublic just before its 31 December year end.
No reason has been given, but the additional cash may well be intended to offset losses that have been arising from interest payments to the parent, implying that the UK group is still unable to generate sizeable profits to service the huge pile of debt that arose in former years. In 2009, the UK subsidiary lost £19.6 million after a reorganisation and being charged interest of £15.4 million on loans provided by the group.
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