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Pin to quick picksM&C Saatchi Share News (SAA)

Share Price Information for M&C Saatchi (SAA)

London Stock Exchange
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Share Price: 208.00
Bid: 208.00
Ask: 209.00
Change: 0.00 (0.00%)
Spread: 1.00 (0.481%)
Open: 208.00
High: 209.00
Low: 207.00
Prev. Close: 208.00
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AIM WINNERS & LOSERS: Nightcap sales up; M&C Saatchi to resume payouts

Fri, 29th Apr 2022 10:47

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Nightcap PLC, up 7.1% at 20.61 pence, 12-month range 13.30p-34.92p. The London-based bar operator says net sales in the 14 weeks to April 3 amounted to GBP9.6 million, up 53% from three years earlier, before the onset of the pandemic. In the 40 weeks to April 3, sales were up 49% on a three-year basis to GBP25.2 million.

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M&C Saatchi PLC, up 6.8% at 191.20 pence, 12-month range 119.07p-210.00p. The London-based advertising agency says revenue in 2021 climbs 22% to GBP394.6 million from GBP323.3 million. It swings to a pretax profit of GBP21.6 million from a GBP8.5 million loss. It plans to reinstate dividends this year. M&C Saatchi separately says its independent directors feel an approach from AdvancedAdvT Ltd undervalues the firm. "However, the independent directors believe that it is in the best interests of all stakeholders in M&C Saatchi to continue to engage constructively in discussions with AdvT," the company adds.

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AIM - LOSERS

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Westminster Group PLC, down 9.6% at 2.17p, 12-month range 2.09p-6.70p. The security contractor says revenue in 2021 falls 29% to GBP7.1 million from GBP9.9 million in 2020. Westminster's pretax loss stretches to GBP1.9 million from GBP761,000. "The outlook for 2022 is looking positive as the worst impact of the global Covid-19 pandemic recedes and travel restrictions are lifted in many areas, although we remain mindful that global outlook remains uncertain, not least with the Russian invasion of Ukraine," the company says.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
17 Jun 2022 10:39

UK's M&C Saatchi withdraws support for Next Fifteen bid

June 17 (Reuters) - British advertising group M&C Saatchi withdrew its support for consultancy Next Fifteen's $381 million takeover on Friday due to guidance from its advisers after the bidder's shares slumped.

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17 Jun 2022 08:53

LONDON MARKET OPEN: Weak bounce as investors weigh central bank moves

(Alliance News) - The FTSE 100 appeared wobbly on Friday morning as it attempted a rebound, with investors still digesting the week's central bank moves.

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17 Jun 2022 08:40

TOP NEWS: M&C Saatchi board removes support for Next Fifteen takeover

(Alliance News) - M&C Saatchi PLC on Friday said its directors have withdrawn support for the takeover offer by Next Fifteen Communications Group PLC, while still not supporting a rival offer by AdvancedAdvT Ltd.

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17 Jun 2022 08:23

LONDON BRIEFING: M&C Saatchi caught between two unattractive offers

(Alliance News) - The battle over M&C Saatchi took a strange new twist on Friday, as the London-based advertising agency rejected both of its suitors but also said it may not be able to deliver on its own plans as a standalone company.

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17 Jun 2022 07:54

LONDON MARKET PRE-OPEN: Tesco takes market share as inflation soars

(Alliance News) - Stocks in London are set to rebound at the end of a central bank-intense week which has seen sentiment towards risk assets pummelled as interest rates rise globally - except in Japan.

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17 Jun 2022 07:42

M&C Saatchi withdraws support for Next 15 offer

(Sharecast News) - M&C Saatchi said on Friday that it can no longer recommend a £310m takeover bid by Next Fifteen after shares in the latter materially deteriorated.

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14 Jun 2022 16:55

UPDATE: M&C Saatchi continues to reject AdvancedAdvT takeover offer

(Alliance News) - M&C Saatchi PLC on Tuesday noted AdvancedAdvT Ltd earlier Tuesday publishing its final offer for the London-based advertising agency, and continued to recommend that shareholders reject the offer.

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14 Jun 2022 14:49

AdvancedAdvT posts final M&C Saatchi takeover paper, touts superiority

(Alliance News) - AdvancedAdvT Ltd on Tuesday said it posted its final offer document, comparing its offer to buy London-based advertising agency M&C Saatchi PLC to Next Fifteen Communications Group PLC's offer.

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9 Jun 2022 12:42

Next Fifteen insists offer for M&C Saatchi is final

(Sharecast News) - Next Fifteen Communications Group has insisted its agreed offer for M&C Saatchi is final, after a rival suitor questioned the valuation.

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9 Jun 2022 12:34

Next Fifteen says M&C offer is final amid AdvancedAdvT takeover battle

(Alliance News) - Next Fifteen Communications Group PLC on Thursday said its agreed M&C Saatchi PLC takeover offer is "full and fair", after undervaluation claims.

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6 Jun 2022 13:34

M&C Saatchi removes Vin Murria from board after agreeing takeover by Next Fifteen

LONDON, June 6 (Reuters) - British advertising company M&C Saatchi, which last month agreed to be taken over by consultancy Next Fifteen Communications, has removed Vin Murria, its biggest shareholder, from its board, it said on Monday.

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6 Jun 2022 13:02

AdvancedAdvT says its offer now values M&C higher than Next Fifteen's

(Alliance News) - AdvancedAdvT Ltd on Monday said its offer to buy M&C Saatchi PLC values the London-based advertising agency higher than Next Fifteen Communications Group PLC's deal.

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6 Jun 2022 11:47

M&C Saatchi removes Vin Murria from board

(Sharecast News) - UK ad agency M&C Saatchi on Monday removed Vin Murria, its largest shareholder, from its board, the company said, after rebuffing his bid to take over the company.

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6 Jun 2022 11:42

Next Fifteen buys Green Leads and IT Telemarketing Services

(Alliance News) - Next Fifteen Communications Group PLC on Monday said it has bought Green Leads Holdings LLC and IT Telemarketing Services Ltd to strengthen its largest businesses in its Customer Delivery unit.

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6 Jun 2022 10:47

M&C Saatchi removes Vin Murria, who wants to buy company, from board

(Alliance News) - M&C Saatchi PLC on Monday said it has removed Vin Murria from its board as non-executive director with immediate effect.

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