Half Year Results 

M&C’s troubles continue

M&C’s troubles continue

It’s been a troubled few weeks for former IC buy tip M&C Saatchi (SAA). Back in August, the advertising group’s shares plunged after it revealed that an internal accounting review into several of its UK subsidiaries had led it to take a one-off exceptional charge of £6.4m. This included £4.9m of specific issues identified in the review, and an extra £1.5m as a “conservative measure”. It had also made a £1.4m adjustment pertaining to property-related assets, amidst its office refurbishment.

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