M&C Saatchi heads claim shares

Advertising giant M&C Saatchi has awarded shares worth more than £7m to four directors, including co-founder Lord Saatchi, as it announced “profits in line with expectations.” In an interim statement, the agency network said it was awarding 886,733 shares each to Lord Saatchi, chief executive David Kershaw, executive director Bill Muirhead and chairman Jeremy Sinclair. The shares are worth just over £7m based on yesterday’s closing price of 198.5p. The firm’s year-end report will be on 18 March.