The Tories’ advertising agency, M&C Saatchi, today offered a fresh sign that the British economy is growing strongly as it posted record annual revenue and operating profit, fuelled by a 13% jump in UK sales.
Chief executive David Kershaw was upbeat about 2014, saying operating profit should match last year’s growth rate. Recent account wins include a marketing deal for Cristiano Ronaldo’s underwear line (pictured).
Kershaw hailed Chancellor George Osborne’s Budget, saying: “It reaffirms people’s feeling that the world is getting better. It gives a little more hope the socialists won’t get back in and screw it all up again.” M&C Saatchi did not produce the Tories’ “Bingo!” ad, which celebrates Budget cuts in bingo and beer duty but has gone down badly on social media.
Pre-tax profit fell 13% to £8.6 million as the future cost of share options for staff rose, after its shares leapt 80%.
