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JCDecaux says having a "good" first quarter in Britain-CEO

Reuters - UK Focus

By Gwénaëlle Barzic

PARIS, March 2 (Reuters) - French outdoor advertising company JCDecaux (LSE: 0MGO.L - news) is no longer planning to reduce investments in Britain, which it had considered following the country's vote to leave the European Union, after "a good first quarter", its co-CEO told Reuters.

"For now, we decided not to reduce (investments) because sales are better than expected," chief executive Jean-Francois Decaux told Reuters.

"We thought Brexit would impact sales, but we had a very good last quarter in England and we are having a good first quarter". (Reporting by Gwenaelle Barzic; Writing by Maya Nikolaeva; Editing by Adrian Croft)