The Week: City News - M&C Saatchi's profits rise

M&C Saatchi has recorded pre-tax profits of £7.8 million, with revenue up 18.7 per cent year on year to £43 million for the six months to the end of June.

Although the figures were above market expectations, the group, which owns M&C Saatchi and Walker Media, said it remains cautious about the medium-term economic climate. The company's operating profits also rose, up 174 per cent to £7.7 million.