UK's M&C Saatchi falls as annual revenue drops on Middle East weakness
22/09/2026 08:35
BUZZ-UK's M&C Saatchi falls as annual revenue drops on Middle East weakness ** Shares of UK's ad group M&C Saatchi SAA.L down 6.8% at 137p, on track for its worst day since September 2025
** Co's annual LFL net revenue declined 1.4% to £86.2 million ($115.19 million) from £87.4 million a year ago
** Revenue decline reflects ongoing weakness in Middle East region; conflict continues to impact co's sport & entertainment and consumer-facing businesses, with Advertising revenue in UAE down double-digit
** Co says trading momentum is improving, with Q2 revenue returning to growth, as it forecast annual results in line with market expectations
** Including session losses, SAA up 4.4% YTD
($1 = 0.7483 pounds)
(Reporting by Anushka Chourasia in Bengaluru)
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