M&C Saatchi Share News (SAA)

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M&C Saatchi taps creative leaders from advertising agency McCann

(Alliance News) - M&C Saatchi PLC on Thursday named joint chief creative officers, in a new role for the company, which it believes will "drive transformative results".

M&C Saatchi appoints two new global creative chiefs

(Sharecast News) - M&C Saatchi announced the appointment of Rob Doubal and Laurence Thomson as its new joint global chief creative officers (CCOs) on Thursday.

M&C Saatchi posts profit decline but hails 2023 as year of progress

(Alliance News) - M&C Saatchi PLC on Wednesday reported a decline in profit, citing challenging market conditions for advertising, consultancy and media, as it aimed to simplify how to target its clients.

Challenging conditions dent annual profits at M&C Saatchi

(Sharecast News) - Shares in advertising agency M&C Saatchi fell on Wednesday after the company reported a 10% drop in annual profits which it blamed on "challenging market dynamics", though it said it first-quarter trading had been encouraging.

IN BRIEF: M&C Saatchi divests shares in South Africa Group

M&C Saatchi PLC - London-based communications company - Announces divestment of shares in the M&C Saatchi South Africa Group. The group includes M&C Saatchi Abel, Connect, Levergy, Razor, Dalmatian and Black & White. Says the shares are being acquired by "existing local leadership teams", comprising the directors and minority owners of the group. In 2023, the South Africa Group generated a consolidated post-tax profit of GBP1.3 million. The cash consideration for the shares is GBP5.6 million, and M&C Saatchi says the divestment aligns with its strategy "to simplify its operating structure while retaining its valued affiliation with this South African group of agencies". Last week, M&C Saatchi divested certain French associate investments, including Cometis, Australie, and M&C Saatchi Little Stories, for a consideration of EUR1 million.

UK earnings, trading statements calendar - next 7 days

TRADING UPDATES: Sareum ups retail offer; SThree nabs former ITV exec

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

KPMG fined almost GBP1.5 million over M&C Saatchi audit failures

(Alliance News) - KPMG International Ltd has been fined almost GBP1.5 million by the UK accounting watchdog over its audit of advertising firm M&C Saatchi PLC.

KPMG fined £1.5m over Saatchi audit

(Sharecast News) - UK accounting firm KPMG has been fined yet again, this time to the tune of £1.5m over what the industry regulator called "serious failings" in its audit of advertising agency M&C Saatchi.

EXECUTIVE CHANGES: M&C Saatchi hires Channel 4 marketing chief as CEO

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

IN BRIEF: M&C Saatchi hires Heather Rabbatts to be senior director

M&C Saatchi PLC - London-based advertising agency - Appoints Heather Rabbatts as senior independent director, joining the board on Monday. Rabbatts currently is a non-executive director of retailer and food maker Associated British Foods PLC. Previously she was a non-executive director of construction firm Kier Group PLC. Rabbatts, age 68, also was the first woman on the board of the Football Association, M&C Saatchi notes.

UK earnings, trading statements calendar - next 7 days

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

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.

UK earnings, trading statements calendar - next 7 days