Get Live Data

The next focusIR Investor Webinar takes place tomorrow with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Latest Share Chat

  2. Share Prices
  3. M&C Saatchi Share Price
  4. M&C Saatchi Share News
  5. IN BRIEF: M&C Saatchi sells loss-making subsidiaries to local managers

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

M&C Saatchi Information

Share Price Information for M&C Saatchi (SAA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 201.00
Bid: 201.00
Ask: 203.00
Change: -7.00 (-3.37%)
Spread: 2.00 (0.995%)
Open: 201.00
High: 208.00
Low: 201.00
Prev. Close: 208.00
SAA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: M&C Saatchi sells loss-making subsidiaries to local managers

Fri, 22nd Dec 2023 10:51

M&C Saatchi PLC - London-based advertising agency - Sells loss-making subsidiaries in Sweden and Hong Kong to their local managers for little or no money, saying they are non-core activities. Reduces stake in M&C Saatchi AB in Sweden to 30% from 70% and sells entire shareholding in M&C Saatchi Spencer Hong Kong Ltd. Also is in negotiations to divest M&C Saatchi Holdings Asia Pte Ltd.

M&C Saatchi as a whole has been suffering from a weak advertising market this year. It swung to a pretax loss of GBP5.1 million in the first half of 2023 from a GBP300,000 profit a year before, and it said at the time it expected a "small single-digit" percentage decline in net revenue in the second half.

Current stock price: 159.50 pence, up 1.3% in London on Friday morning

12-month change: up 8.1%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
24 Jan 2022 11:02

M&C Saatchi rejects increased offer from suitor

(Sharecast News) - The independent directors of M&C Saatchi have rejected an increased bid from its largest shareholder and chair, the company said on Monday.

Read more
24 Jan 2022 11:01

SMALL-CAP WINNERS & LOSERS: De La Rue plunges after profit warning

SMALL-CAP WINNERS & LOSERS: De La Rue plunges after profit warning

Read more
24 Jan 2022 08:58

LONDON MARKET OPEN: Stocks lower; Unilever rises as Trian builds stake

LONDON MARKET OPEN: Stocks lower; Unilever rises as Trian builds stake

Read more
24 Jan 2022 08:27

LONDON BRIEFING: M&C Saatchi rejects improved takeover offer

LONDON BRIEFING: M&C Saatchi rejects improved takeover offer

Read more
24 Jan 2022 08:07

UPDATE 3-M&C Saatchi rejects improved offer from top shareholder

* Second approach from Murria rejected* M&C says offer significantly undervalues firm (Adds M&C statement)LONDON, Jan 24 (Reuters) - Advertising group M&C Saatchi has rejected an improved takeover approach from the acquisition vehicle of its top s...

Read more
24 Jan 2022 08:07

UPDATE 2-M&C Saatchi rejects fresh offer from top shareholder

(Adds detail)LONDON, Jan 24 (Reuters) - Advertising group M&C Saatchi has rejected a fresh takeover approach from the acquisition vehicle of its top shareholder Vin Murria.Murria's AdvancedAdvT said on Monday that it had floated two options, one a...

Read more
24 Jan 2022 07:58

LONDON MARKET PRE-OPEN: Computacenter sees 2021 profit ahead of views

LONDON MARKET PRE-OPEN: Computacenter sees 2021 profit ahead of views

Read more
23 Jan 2022 16:14

UPDATE 1-M&C Saatchi suitor AdvancedAdvT makes fresh offer with cash alternative- Sky News

(Adds details from report, and background)Jan 23 (Reuters) - AdvancedAdvT has made a fresh takeover offer for advertising giant M&C Saatchi which includes a partial cash alternative for investors in the British group, Sky News reported https://bit...

Read more
23 Jan 2022 15:11

M&C Saatchi suitor AdvancedAdvT makes fresh offer with cash alternative - Sky News

Jan 23 (Reuters) - AdvancedAdvT, the quoted bid vehicle pursuing a takeover of M&C Saatchi, has made a fresh offer which includes a partial cash alternative for investors in the London-listed advertising group, Sky News reported https://bit.ly/3n...

Read more
21 Jan 2022 09:44

M&C Saatchi notes closed UK FCA investigation; outlook confident

M&C Saatchi notes closed UK FCA investigation; outlook confident

Read more
21 Jan 2022 08:20

M&C Saatchi sees FY profits 'materially ahead' as FCA drops probe

(Sharecast News) - Advertising and marketing group M&C Saatchi said on Friday that as a result of "a strong end to the year", it now believes full-year 2021 headline pre-tax profits will be "materially ahead" of previous expectations.

Read more
21 Jan 2022 07:40

UPDATE 1-Ad group M&C Saatchi lifts profit outlook, says FCA probe dropped

(Adds details)LONDON, Jan 21 (Reuters) - British advertising group M&C Saatchi raised its 2021 profit outlook on Friday and said an official accounting investigation had closed without any action being taken, in a boost to a firm being circled by ...

Read more
21 Jan 2022 07:28

LONDON MARKET PRE-OPEN: UK retail sales hit by Omicron in December

LONDON MARKET PRE-OPEN: UK retail sales hit by Omicron in December

Read more
21 Jan 2022 07:20

Ad group M&C Saatchi says FCA drops probe, upgrades profit outlook

LONDON, Jan 21 (Reuters) - British advertising group M&C Saatchi said on Friday the Financial Conduct Authority has closed an investigation into the company and that no enforcement action would be taken.The firm, which earlier this month said it d...

Read more
19 Jan 2022 15:18

EXECUTIVE CHANGES: Mode Global and Omega Diagnostics lose CEOs

EXECUTIVE CHANGES: Mode Global and Omega Diagnostics lose CEOs

Read more
5678910111213

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.