Tag Archives: m&c saatchi

Accenture Interactive tipped to bid for M&C Saatchi

The M&C Saatchi share price is up this morning, raising the troubled agency’s market valuation to £90m from the £70m it fell to last week after M&C revealed a whopper £11.6m provision for accounting errors. This, the boys in dark ...

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M&C Saatchi directors launch rescue attempt as financial picture darkens

Some at least of the M&C Saatchi founders are showing their support/belief in the stricken agency by reportedly buying shares – David Kershaw, Jeremy Sinclair and Bill Muirhead are said to be increasing their stakes, currently 4.5 per cent each, ...

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M&C cuts its cloth after NatWest loss, BBH keeps Audi

Troubled M&C Saatchi is reported to have offered all its staff voluntary redundancy as it investigates accounting errors that may cost it up to £6.4m. It’s also coming to terms with the loss of the NatWest account to the The&Partnership, ...

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M&C Saatchi Sport & Entertainment opens in Amsterdam

M&C Saatchi has had a tough old year with a £6m hole emerging in its accounts (the forensic accountants are on it – yikes) but it trucks on, now opening a new office in Amsterdam for M&C Saatchi Sport & ...

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LNER picks M&C Saatchi and Merkle to pep up East Coast train route

LNER, Britain’s troubled East Coast rail service up from London to points north and currently run by the Government, has appointed M&C Saatchi and Merkle to handle its ad campaigns/marketing services in a Creative Brief review. LNER commercial director Suzanne ...

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More trouble for M&C Saatchi as first half profits tumble

M&C Saatchi shares hit more trouble today – down 13 per cent in early trading and now trading at less than half their average for last year – as the troubled agency group reported a 67 per cent profit fall ...

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Paul Simons: is double vision the issue at M&C Saatchi?

It is never uplifting news to lose a major client and in M&C Saatchi’s case the NatWest loss cannot be helpful. They need to win a few decent names plus get some decent creative work out there in the public ...

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Another blow for M&C Saatchi as new NatWest campaign heads to The&Partnership

M&C Saatchi PLC is having a gruelling time at the moment, forced into a £6.4m provision over too-early revenue recognition and some assets on its balance sheet that aren’t worth what the agency thought they were. It’s re-iterated its profit ...

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M&C Saatchi directors face same old performance issues

For the directors of M&C Saatchi, wrestling with a major accounting issue – chiefly booking fees too early that’s led to them making a £6.4m provision – it may seem all a bit like déjà vu. Back in 1995 when ...

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