All the updated news related to saatchi

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Works by David Hockney and Rankin to be sold in anonymous auction for WaterAid

Works by well-known British artists including David Hockney, Damien Hirst, Rankin and Boy George are due to go under the hammer anonymously to raise money for WaterAid. The pieces will form part of the charity’s Art Of Change “secret” auction, but ...

28 Sept 2022 at 14:20

City

M&C ejects Vin Murria from board after rejected bid

The software entrepreneur who is trying to buy advertising agency M&C Saatchi has been kicked off the company’s board. The firm said directors thought it would not be appropriate for Vin Murria to continue in the position. She has made several ...

06 Jun 2022 at 09:59

City

Consultancy Next Fifteen agrees deal for M&C after it rejected separate offer

Consultancy business Next Fifteen Communications has swooped on M&C Saatchi in a £310 million deal, after the advertising agency rejected an offer from entrepreneur Vin Murria. The companies’ boards said that they had agreed the takeover at ...

20 May 2022 at 09:21

City

M&C Saatchi rejects increased bid from software millionaire

The independent directors of M&C Saatchi have rejected an increased bid from its largest shareholder and chair. A company linked to businesswoman Vin Murria, a software entrepreneur, increased its offer by more than a fifth on Monday, but ...

24 Jan 2022 at 11:55

City

M&C Saatchi confirms accounting scandal probe ends

Advertising agency M&C Saatchi has revealed the financial watchdog has dropped an investigation into the company over an accounting scandal. M&C Saatchi, which found fame working for the Conservative Party in the 1990s, first uncovered ...

21 Jan 2022 at 09:25

City

M&C Saatchi continues to shun ‘derisory’ offer from rival

Advertising and marketing giant M&C Saatchi has reiterated its rejection of the “derisory” £254 million takeover offer from its largest shareholder. M&C said it continues to urge shareholders to “take no action” in response to the bid ...

13 Sept 2022 at 10:25

City

M&C Saatchi withdraws backing for Next Fifteen takeover deal

Advertising firm M&C Saatchi has pulled its support for a £310 million takeover bid by consultancy Next Fifteen. M&C Saatchi said it no longer found the terms of the deal to be “fair and reasonable”, after a slump in the suitor’s ...

17 Jun 2022 at 11:33

City

M&C Saatchi reports falling profit amid ‘challenging’ advertising market

Communications group M&C Saatchi said it was hit last year by a “challenging” market, which hit most businesses in the advertising industry. The business saw its profit plunge in 2023, dropping by 87% to hit just £700,000 before ...

10 Apr 2024 at 09:25

City

KPMG fined almost £1.5m over M&C Saatchi audit failures

KPMG has been fined almost £1.5 million by the UK accounting watchdog over its audit of advertising firm M&C Saatchi. The Financial Reporting Council (FRC) announced the sanctions against the big-four financial firm and auditor ...

04 Mar 2024 at 16:32

City

M&C Saatchi profits slip as it books £8.4m costs fighting takeover

Advertising and marketing giant M&C Saatchi said it has spent £8.4 million fighting off two takeover moves over the past six months as it reported shrinking profits. Shares in the company slipped on Wednesday morning after it ...

07 Sept 2022 at 10:24

Art exhibition backed by William to offer fresh perspective on homelessness

A groundbreaking homelessness exhibition backed by the Prince of Wales and featuring art created by former rough sleepers opens to the public this week. William’s Homewards project, which aims to develop a blueprint for ...

06 Aug 2024 at 17:16

Waitrose enlists all-star cast for ‘whodunnit’ Christmas campaign

Waitrose has enlisted stars from some of the most popular British television programmes of recent years for a “whodunnit” Christmas advert. The first instalment of the two-parter campaign is entitled “Sweet Suspicion, ...

05 Nov 2024 at 09:33

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