M&C Saatchi confident for full year

Shares of advertising agency M&C Saatchi rose after it said it had made a good start to 2012 and it remains on track to fulfil expectations for the year.

Shares of advertising agency M&C Saatchi rose after it said it had made a good start to 2012 and it remains on track to fulfil expectations for the year.

In March the group revealed a 22% increase in annual revenue, underpinned by robust UK performance.

The agency, formed by brothers Maurice and Charles Saatchi in 1995, has new offices in Abu Dhabi, Singapore and has expanded office in New York.

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It has also won contracts in Etihad, Abu Dhabi, Edgars in South Africa and with Commonwealth Bank, Australia.

"We believe the full year remains in line with management expectations."

CJ