Exclusive: Saatchi clients demand more ‘European’ presence after Brexit, says CEO September 21, 2021 British advertising giant M&C Saatchi has seen a demand for a greater European presence than Brits in some briefs, the company’s global CEO, Moray MacLennan, told City A.M. this morning. MacLennan, who was appointed global CEO in 2009, said he discovered in a conversation with one Saatchi’s European agencies, that “when it was a pan-European [...]
Exclusive: US firmly on Saatchi’s radar in next two years, says CEO September 21, 2021 Advertising giant M&C Saatchi is firmly zooming in on the US market, the company’s global CEO, Moray MacLennan, told City A.M. this morning. While acknowledging South Asia as a region for growth, MacLennan revealed that “the real opportunity for growth, for us, is the US for one very simple reason.” “It’s not our largest operation, but [...]
M&C Saatchi revenues of £118m mark ‘key turning point’ September 21, 2021 M&C Saatchi Plc has reported net revenue of £118m for its half-year results, up by 14 per cent compared to the same period last year, as profits at the advertising giant have exceeded pre-pandemic levels. The results were also ahead of the London-listed firm’s initial expectations. The Group said its “strong financial governance” had [...]
National Express exploring takeover of rival Stagecoach September 21, 2021 National Express has confirmed reports that it is looking into a possible takeover of its fellow transport heavyweight Stagecoach. The British bus operator has started discussions around buying out its Scottish rival, the UK’s largest bus operator. Stagecoach shares rose by almost 90 per cent over the last year, reaching a market value of around [...]
Prime Ministerial endorsement: Cognizant zooms in on UK with 2,500 new hires September 20, 2021 The Prime Minister has today announced that global consultancy Cognizant will expand its digital UK workforce by 35 per cent over three years. The announcement comes as Boris Johnson hailed the UK’s “tech revolution” in “creating jobs, driving growth and boosting investment across the country,” and at the start of London Tech Week. The move [...]
Post Office asks banks for extra £200m so customers can access cash September 20, 2021 The Post Office has asked banks for an additional £200m, as part of a new three-year deal, so customers can continue to access cash from Post Office counters, according to reports. The deal, set to begin in 2023, has seen the Post Office demand £800m from 30 high street banks to pay for the use [...]
City minister pledges ‘competitive tax rates’ for UK financial services sector ahead of Budget September 20, 2021 John Glen has promised that the UK’s financial services sector will benefit from “competitive tax rates,” ahead of the next Budget on 27 October, according to reports. “To be competitive, we have to have competitive tax rates and that’s what’s on the chancellor’s mind at the moment,” the City minister told the Financial Times, which first reported the [...]
Video games company Keywords Studio appoints new CEO September 20, 2021 The video games company has named Bertrand Bodson as its new chief executive officer, after Andrew Day forwarded his retirement plans. Bodson, who will be appointed as CEO in December, is currently the chief digital officer at healthcare provider Novartis. Prior to joining Novartis in 2018, Bodson acted as the chief marketing officer at Sainsbury’s [...]
Payment giant Eurowag moves ahead with £170m London IPO September 20, 2021 Eurowag, a pan-European payments & mobility platform, has announced that it will float on the London Stock Exchange (LSE). The company, which focuses on the commercial road transportation sector, hopes to raise €200m (£171m) from the move, to fund its expansion plans. The payments platform company will, it said, target “certain institutional investors”. Eurowag also [...]
All new London buses to be zero-emission Mayor says September 17, 2021 Sadiq Khan, the Mayor of London, has announced that new Transport for London (TfL) buses will be carbon neutral, as the UK prepares to host COP26. TfL said in a statement that by the end of next year, ten per cent of London’s bus network will be zero-emission as the network has committed to only [...]
