Live Breaking News & Updates on Chair zillah byng thorne
Stay updated with breaking news from Chair zillah byng thorne. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The advertising industry has been grappling with significant cutbacks by tech clients on marketing, while new business wins have been at a slower pace amid cautious customer spending in an uncertain economic environment. Saatchi, which named Channel 4's Zaid Al-Qassab as its new CEO earlier this year, has divested some of its businesses to help improve margins and drive profits, with the most recent being its shareholding in its three French associate investments and M&C Saatchi South Africa Group.
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.
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...
IN BRIEF: M&C Saatchi divests shares in South Africa Group lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.