Trade of M&C Saatchi shares suspended after deadline missed for audited results
The ad agency disclosed in August 2019 that several units of its UK business had overstated income and receivables
30 September 2020 - 18:04
Bengaluru — M&C Saatchi said on Wednesday trading of its shares would be temporarily suspended from October, after the advertising agency failed to submit audited 2019 results in time due to delays caused by accounting errors revealed in 2019.
The London-listed firm also said it was cutting an unspecified number of jobs in its portfolio companies in the UK, Brazil, Malaysia and Los Angeles as it tries to ride out the effects of the Covid-19 pandemic...
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