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News Corporation has pulled its bid for BSkyB in the wake of widespread public and political opposition to the proposed takeover in light of allegations of phone hacking by NotW.

In a statement News Corporation said it “no longer intends to make an offer for the entire issued and to be issued share capital of BSkyB not already owned by it”.

Ian Rumsey, the editor of ITV breakfast show Daybreak, is to step down after less than a year.

Rumsey, who was announced as the new editor ofthe the then GMTV in May last year, has been editing the programme since it rebranded as Daybreak last September in what was a difficult rebirth for the breakfast show with new presenters Adrian Chiles and Christine Bleakley.

Maxus has made a further trading hire, appointing Stuart Garvie as deputy global trading director, reporting to global trading head Alan Hodge.

Garvie will also report to Maxus Global chief executive Kelly Clark and will be based in the Maxus office in London.

DLKW Lowe has appointed DDB London’s creative directors Dave Henderson and Richard Denney as its executive creative directors.

The pair, who will work closely with joint chief executives Tom Knox and Richard Warren, replace George Prest, who resigned from his role in January without a job to go to. Prest subsequently joined R/GA London as its new executive creative director earlier this month.

RENAISSANCE CAPITAL

The emerging markets investment bank appointed Jonathan Segal in London as managing director, global head of debt capital markets. Segal joins from Barclays Capital. It also appointed James Etherington as director, head of UK equity capital markets. Etherington joins from RBS .

KINETIC PARTNERS

The tax and audit services provider appointed Pierre Bourlatchka as director. Bourlatchka, who was previously with F&C Asset Management, will join Kinetic Partners’ risk management consulting and monitoring team in London.

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