Shares tumble for London-based advertising giants

TWO London-listed advertising titans saw shares plummet after they slashed profit and sales expectations.

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M&C Saatchi’s price tumbled by 11.9% to 111p. They are down 36.9% this year, while shares in S4 Capital fell 7.1% to 16.44p in early morning trading, with the stock down 49.8% since January. AIM-listed M&C Saatchi anticipates net revenue to declin