Britain’s Institute of Practitioners in Advertising today (Friday) delivers a salutary reminder that the advertising gravy train has slowed to the same pace as the rest of the nation’s creaking rail system.

According to the IPA's latest annual report, most of the UK’s leading agencies recorded a fall in incomes during 2001, some shedding up to £6 million ($9.17m; €9.25m). Of the top ten shops, only Abbott Mead Vickers BBDO managed to hold its income at about the same level as 2001.

The top ten shops (2000 ranking in brackets) and their 2001 revenues are :

1. (2) Saatchi & Saatchi £52,750,000

2. (-) Publicis £47,798,000

3. (1) McCann-Erickson £44,061,322

4. (3) J Walter Thompson £40,053,000

5. (5) Abbot Mead Vickers BBDO £37,509,292

6. (9) Lowe Group £37,458,000

7. (7) Ogilvy & Mather £36,313,000

8. (8) M&C Saatchi £31,921,000

9. (10) Leo Burnett £31,200,000

10. (6) BMP DDB £30,414,129

Data sourced from: MediaGuardian.co.uk; additional content by WARC staff