M&C Saatchi expects ‘small’ H1 profit, confirms $9m government loan
M&C Saatchi expects to report a “small” underlying pre-tax profit in the first half of 2020 following a “resilient” second quarter.
M&C Saatchi expects to report a “small” underlying pre-tax profit in the first half of 2020 following a “resilient” second quarter.
Like-for-like revenue at Huntsworth’s comms agencies fell 5.1% in 2018 – and declined by 7.6% at Grayling, although that agency became more profitable in both the UK and the US.
GCI Health London has hired Kim Walker, formerly of healthcare PR agency Liberation Unlimited and of Johnson & Johnson’s diabetes medical devices company Lifescan EMEA, as its deputy MD.
Avenir, the Canadian parent company of Axon and Madano, has acquired the firm for an undisclosed sum.
Huntsworth has stopped working with around 5% of clients in its Communications arm – which includes Grayling, Red and Citigate – as it exits “unprofitable” accounts, CEO Paul Taaffe has told PRWeek.
Huntsworth has reported a 5.4% fall in like-for-like revenue at its PR agencies in the first half of 2018, led largely by declines at Grayling after the “elimination of unprofitable client contracts.”
Huntsworth has continued its expansion by taking a majority stake in U.S. independent healthcare marketing agency Giant Creative Strategy for an initial sum of $72.2m.
Red, a Huntsworth agency, also counted Sanofi as a new client.
AstraZeneca appointed Jennie Younger, who has held senior communications roles at GlaxoSmithKline, Deutsche Bank, and FTI Consulting, as its vice president of global corporate affairs.