M&C Saatchi Plc. (SAA.L) Thursday, in its latest trading update, said the like-for-like net revenue for the first quarter is broadly consistent with the previous year.
This was due to the good performance in the UAE and Europe, as well as strong results in the Issues and Media specialisms, which have effectively balanced ongoing macroeconomic challenges in Australia and the UK, the company added.
The international advertising agency network said that it remains committed to prioritizing long-term sustainable growth by investing in talent and capabilities, with these efforts primarily concentrated in the first half of the year.
Additionally, the company is on track to achieve approximately 3 million pounds in annualized cost savings as planned, M&C Saatchi added.
Zaid Al-Qassab, Chief Executive Officer, said, "We have delivered a resilient trading performance in the quarter and we remain confident in achieving market expectations this year, which reflects the strength of our proposition and our diversified portfolio. We remain confident in achieving our ambition of long-term profitable growth and delivering strong sustainable returns for shareholders."
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.