PRESS DIGEST- New York Times business news - May 25
May 25 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
Advertising agency M&C Saatchi Plc (SAA.L) said full-year profit rose 10 percent, boosted by new accounts, including Ballantine's whisky, LG Electronics Inc (066570.KS), Peroni beer and Virgin Holidays.
London-based M&C Saatchi, which opened branches in Stockholm, Singapore and Abu Dhabi in 2012, said headline pretax profit rose to 17.2 million pounds ($26 million) from 15.6 million pounds a year earlier.
Revenue increased 11 percent to 169.5 million pounds and comparable sales from the UK — the company's largest market —rose 13 percent to 75.4 million pounds, driven by strong sales in its mobile services and customer relationship management businesses.
M&C Saatchi was founded in 1995 by Charles and Maurice Saatchi after they were ousted from the board of Saatchi & Saatchi. The company's clients include Google Inc (GOOG.O) and microblogging website Twitter Inc.
M&C Saatchi's shares, which have gained 47 percent over the past year, closed at 217 pence on the London Stock Exchange on Friday.
($1 = 0.6609 British pounds)
(Reporting By Richa Naidu in Bangalore)
May 25 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
SAN FRANCISCO, May 24 Infosys Ltd, the India-based computer services giant, on Wednesday touted its new strategy to hire and train 10,000 American workers over the next two years at the company's annual leadership meeting in San Francisco.