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Elixirr’s AI‑driven surge, M&C Saatchi slump, ABF’s Primark split hit markets

Financial Times Companies •
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Elixirr International pushed revenue up by 34 % to £150 m last year, driven by an acquisition of US consultancy TRP Advisory and tighter margins at 29.6 %. The company raised its dividend by 27 % to 22.6p a share and eyes a spot in the FTSE 250 with 14‑times forward earnings.

M&C Saatchi faces a steep 75 % hit to pre‑tax profit after the abrupt exit of CEO Zaid Al‑Qassab and a sharp drop in US marketing spend caused by trade tariffs and a government shutdown. Shares have slid more than 20 % over the past year, yet the board signals a return to growth amid higher‑margin assets.

Associated British Foods announced a dividend demerger of its budget clothing chain Primark. While Primark’s like‑for‑like sales fell in France, Germany and Spain, ABF’s adjusted earnings dropped 15 % to 70.7p. The split keeps shareholders in both entities, with the group trading at a modest premium to net assets.