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M&C Saatchi Plc

SAA.L

Latest Trade

110.00GBp

Change

12.00(+12.24%)

Volume

897,438

Today's Range

101.50

 - 

118.00

52 Week Range

69.40

 - 

405.00

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Invesco Discloses 15.35% Stake In M&C Saatchi As Of Dec 5, Versus Previous Stake Of 12.04%- Filing

Dec 9 (Reuters) - M&C Saatchi PLC <SAA.L>::INVESCO DISCLOSES 15.35% STAKE IN M&C SAATCHI AS OF DEC 5, VERSUS PREVIOUS STAKE OF 12.04%- FILING.

Invesco Discloses 12.04% Stake In M&C Saatchi As Of Dec 4, Versus Previous Stake Of 13.18%- Filing

Dec 6 (Reuters) - M&C Saatchi PLC <SAA.L>::INVESCO DISCLOSES 12.04% STAKE IN M&C SAATCHI AS OF DEC 4, VERSUS PREVIOUS STAKE OF 13.18%- FILING.

M&C Saatchi Warns On FY Results, To Restate Some Financials

Dec 4 (Reuters) - M&C Saatchi PLC <SAA.L>::ACCOUNTING REVIEW AND TRADING UPDATE.FOLLOWING FINDINGS OF INDEPENDENT REVIEW BY PWC, WILL MAKE ADJUSTMENTS OF £11.6 MILLION TO RESULTS, TO BE APPORTIONED BETWEEN 2018-2019.FY UNDERLYING PROFIT BEFORE TAX, BEFORE EXCEPTIONAL COSTS, EXPECTED TO BE SIGNIFICANTLY BELOW LEVELS EXPECTED AT TIME OF INTERIM RESULTS.RESTRUCTURING ITS UK OFFICE TO IMPROVE PERFORMANCE AND POSITION DIVISION FOR LONG-TERM GROWTH.REVISED UPWARDS TOTAL VALUE OF PREVIOUSLY DISCLOSED ADJUSTMENTS BY £1.15M COMPARED TO LEVELS OUTLINED IN COMPANY'S INTERIM RESULTS.PWC, IN ACCOUNTING REVIEW, IDENTIFIED AREAS MORE "JUDGEMENTAL IN NATURE" AND WENT BEYOND THOSE ITEMS ANNOUNCED ON 12 AUGUST.PWC HAS IDENTIFIED THAT 2018 HALF YEAR REPORTED PROFIT WAS ADJUSTED BY APPROXIMATELY £6.4M.NOW CONSIDERS FURTHER ADJUSTMENTS RELATED SHOULD BE MADE; INCLUSION OF ITEMS BRINGS TOTAL PROPOSED ADJUSTMENT TO £11.60M.ADJUSTMENTS TO REPORTED PROFIT MAY HAVE OCCURRED IN HALF YEAR REPORTS SINCE 2014.EXPECTS TO HAVE APPROXIMATELY £5M NET CASH AT 31 DECEMBER 2019.SEES FY UNDERLYING PRETAX PROFIT BETWEEN 22-27% BELOW 2018 ON LFL BASIS, EX. IMPACT OF WALKER MEDIA PROFITS IN 2018.EXPECTS MODEST GROWTH IN ADJUSTED PROFIT BEFORE TAX IN FULL YEAR 2020.RESTRUCTURING OF UK OFFICE WILL RESULT IN EXCEPTIONAL CHARGE OF £2.5M FOR YEAR ENDING DEC 31.RESTRUCTURING OF UK OFFICE EXPECTED TO GENERATE ANNUAL SAVINGS OF ABOUT £6M IN 2020 AND ONWARDS.ANNOUNCES APPOINTMENT OF PWC AS AUDITORS TO COMPANY.

M&C Saatchi Warns FY Profit To Be 5%-10% Below Expectations

Sept 24 (Reuters) - M&C Saatchi PLC <SAA.L>::M&C SAATCHI PLC - FULL YEAR OPERATING PROFIT AND PROFIT BEFORE TAX FORECAST TO BE 5%-10% BELOW EXPECTATIONS.M&C SAATCHI PLC - FULL YEAR EARNINGS AND EPS ARE PROJECTED TO SHOW A RELATIVELY GREATER DECLINE THAN OPERATING PROFITS.M&C SAATCHI HY STATUTORY BILLINGS 280.7 MILLION STG VERSUS 289.2 MILLION STG.M&C SAATCHI PLC HY STATUTORY REVENUE 214.2 MILLION STG VERSUS 212.8 MILLION STG.M&C SAATCHI PLC HY STATUTORY PROFIT BEFORE TAXATION 9.4 MILLION STG VERSUS 5.0 MILLION STG.M&C SAATCHI PLC HY HEADLINE PRETAX PROFIT 3.4 MILLION STG VERSUS 10.3 MILLION STG.M&C SAATCHI PLC HY HEADLINE NET REVENUE 117.9 MILLION STG VERSUS 123.0 MILLION STG.M&C SAATCHI PLC - INDEPENDENT ACCOUNTING REVIEW BY PWC ONGOING, EXPECTED TO CONCLUDE BY NOVEMBER 2019.M&C SAATCHI - BOARD EXPECTS ACCOUNTING REVIEW TO LEAD TO A RESTATEMENT OF 2018 RESULTS; H1 2018 RESULTS RESTATED TO REFLECT MISSTATEMENTS IDENTIFIED.M&C SAATCHI PLC - INTERIM DIVIDEND MAINTAINED AT 2.45P.

M&C Saatchi Says H1 Results Expected To Show A Decline Against H1 2017 & 2016

Aug 16 (Reuters) - M&C Saatchi PLC <SAA.L>::M&C SAATCHI PLC - FURTHER TRADING UPDATE.M&C SAATCHI PLC - FIRST HALF RESULTS ARE ALSO EXPECTED TO SHOW A DECLINE AGAINST H1 2017 AND 2016..M&C SAATCHI PLC - EXPECT AN INCREASE IN LIKE FOR LIKE OPERATING PROFITS FOR FULL YEAR.M&C SAATCHI PLC - REITERATES GUIDANCE FROM 12TH AUGUST 2019 THAT BOARD IS CONFIDENT WILL MEET EXPECTATIONS OF OPERATING PROFIT FOR YEAR.

M&C Saatchi Says HY Results Will Show YoY Decline In Pretax Profit

Aug 12 (Reuters) - M&C Saatchi PLC <SAA.L>::M&C SAATCHI PLC - ACCOUNTING REVIEW AND TRADING UPDATE.M&C SAATCHI - FOLLOWING ACCOUNTING REVIEW OF SEVERAL OF CO'S UK UNITS, BOARD DECIDES TO TAKE ONE-OFF EXCEPTIONAL CHARGE OF £6.4M TO CO'S 2019 RESULTS.M&C SAATCHI PLC - BOARD IS APPOINTING INDEPENDENT ADVISORS TO UNDERTAKE A REVIEW OF ALL GROUP'S ACCOUNTS AND ACCOUNTING SYSTEMS.M&C SAATCHI PLC - SETTING ASIDE AN EXTRA £1.5M AS A CONSERVATIVE MEASURE TO PROVIDE FOR ANY POTENTIAL FURTHER ITEMS ARISING.M&C SAATCHI PLC - EXPECT INDEPENDENT REVIEW TO BE COMPLETED BY NOVEMBER THIS YEAR.M&C SAATCHI - 2019 INTERIM RESULTS WILL SHOW AN EXPECTED YEAR-ON-YEAR DECLINE IN PROFIT BEFORE TAX DUE TO UNUSUALLY STRONG FIRST HALF IN PRIOR YEAR.M&C SAATCHI PLC - PROSPECTS FOR TRADING IN SECOND HALF ARE LOOKING STRONG.M&C SAATCHI PLC - BEFORE EXCEPTIONAL CHARGE, BOARD IS CONFIDENT THAT IT WILL MEET EXPECTATIONS OF OPERATING PROFIT FOR YEAR..M&C SAATCHI - DECIDED TO MAKE AN ADJUSTMENT OF £1.4M IN RESPECT OF ITS PROPERTY-RELATED ASSETS AS IT IS IN MIDDLE OF AN OFFICE REFURBISHMENT.

M&C Saatchi Says FY UK Like-For-Like Net Revenue Up 2 Pct

March 27 (Reuters) - M&C Saatchi PLC <SAA.L>::PRELIMINARY RESULTS FOR 2018.FY UK LIKE-FOR-LIKE NET REVENUE UP 2%.FY AMERICAS LIKE-FOR-LIKE NET REVENUE UP 3%.FY NET REVENUE £255.3M (2017: £251.5M).FY NET REVENUE IN CONSTANT CURRENCIES £260.7M, UP 4%.FY PROFIT BEFORE TAX £32.2M, UP 16%."CONFIDENT THAT WE WILL CONTINUE TO MAKE GOOD PROGRESS IN 2019 AND BEYOND".

Publicis buys remaining 24.9 pct of Blue 449 agency from M&C Saatchi

Feb 1 (Reuters) - Publicis Groupe SA <PUBP.PA> statement::PUBLICIS GROUPE ANNOUNCED ACQUISITION OF REMAINING 24.9% BLUE 449 SHARES FROM M&C SAATCHI IN UK..In 2013, Publicis Groupe bought 75.1 pct of the agency before it was rebranded Blue 449 two years later. .

M&C Saatchi Names Mickey Kalifa As Group Finance Director

Dec 18 (Reuters) - M&C Saatchi PLC <SAA.L>::APPOINTED MICKEY KALIFA AS GROUP FINANCE DIRECTOR.MICKEY KALIFA WILL JOIN COMPANY ON 14 JANUARY 2019 AND BOARD ON 2 APRIL 2019.

M&C Saatchi Says Jamie Hewitt Steps Down As Finance Director

Sept 21 (Reuters) - M&C Saatchi PLC <SAA.L>::ANNOUNCES THAT JAMIE HEWITT, GROUP FINANCE DIRECTOR, HAS INFORMED BOARD OF HIS DECISION TO PURSUE OTHER CAREER OPPORTUNITIES.JAMIE HAS A 12 MONTH NOTICE PERIOD AND WILL REMAIN IN HIS POSITION UNTIL A SUCCESSOR HAS BEEN RECRUITED.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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