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Revenue by region

The pattern of revenue growth differed regionally. The table below gives details of the proportion of revenue and revenue growth by region for the first six months of 2008:

Region Constant
currency1
revenue
as a %
of total
Group
Reported
revenue
growth
08/07
%
Constant
currency1
revenue
growth
08/07
%
Like-
for-like2
revenue
growth
08/07
%
North America 37.3 7.0 6.5 2.1
UK 14.0 4.6 4.6 2.5
Continental Europe 25.9 20.5 4.8 3.2
Asia Pacific, Latin America,
Africa & Middle East
22.8 26.7 17.6 10.7
Total Group 100.0 14.3 8.1 4.3

1 Constant currency growth excludes the effects of currency movements.
2 Like-for-like growth excludes the effects of currency movements and the impact of acquisitions.

On a constant currency basis, the Group grew at over 8% and all regions continued to show growth. In North America, revenues were up 6.5%. In Europe, the UK was up 4.6% and Continental Europe up 4.8%. Central and Eastern Europe was up over 19%, Asia Pacific, Latin America, Africa and the Middle East were up over 17%. Again, the world grew at three speeds. The faster-growing markets of Asia Pacific, Latin America, Africa and the Middle East and Central and Eastern Europe grew fastest and the UK and Western Continental Europe slowest, with North America and Spain generally in between. The US continues to grow, with revenue growth in the first half up 5.8%, on a constant currency basis, although less than the first quarter.

As in the first quarter, Asia Pacific, Latin America, Africa and the Middle East, continues to be the fastest-growing region, with revenues up over 17%, accelerating in the second quarter. Asia Pacific (including Australia and New Zealand and Japan) remains strong, with revenues up over 8%. Mainland China and India continued the rapid growth seen in 2007 and the first quarter of 2008, with first-half like-for-like revenues up over 17% and almost 26%, with India growing at over 30% in the second quarter. Continental Europe was up 4.8%, slightly lower than the 5.2% in the first quarter, with Central and Eastern Europe particularly strong at almost 20%. The UK remains marginally the slowest-growing region, with revenues up 4.6%.

Estimated net new business billings of £1.292 billion ($2.519 billion) were won in the first half of the year and the Group continues to benefit from consolidation trends in the industry, winning assignments from existing and new clients.

The faster-growing geographical markets of Asia Pacific, Latin America, Africa and the Middle East and Central and Eastern Europe, accounted for over 25% of the Group's revenues in the first half of 2008, compared to 23% in the first half of last year.