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Breaking News

Facebook ‘worth £1.1bn to UK economy’. Facebook claims its social network underpins 1.14bn of business and supports 18,400 jobs in the UK economy.

Peugeot has launched a multi-million pound ad campaign with an animated TV spot featuring a voiceover by John Simm, the star of ‘Life On Mars’.

Thomas Delabriere, marketing director at Innocent Drinks, is leaving the drinks company after three years in the role.

Mail Newspapers has parted company with top strategy executive Dan Levitt, who is leaving the publisher after five years to set up the UK office of Sydney-based word-of-mouth agency Social Soup, as its first managing director.

Jonathan Arendt, managing director of Planet Rock, is to leave the digital radio station to set up a new digital media company, 7West.

Universal Pictures has poached Nintendo marketing director and assistant general manager Dawn Paine to be its vice president of marketing.

JWT has looked internally to replace its former chief executive, Guy Hayward, with the promotion of the joint managing directors, Joe Petyan and James Whitehead, as well as the executive creative director, Russell Ramsey.

Pizza and biscuit-maker Northern Foods has appointed its business development director Mel Bugler as acting managing director for Fox’s Biscuits.

News International has parted company with two key sales executives as part of its cost-cutting drive across its commercial arm. Michael Craig has left his role as agency account director at News International, publisher of The Times, The Sunday Times and The Sun.

Also thought to be exiting is Dickie Smith, a senior strategy executive at News International.

Bauer Media has appointed Dilupa Nanayakkara, communications strategist at News International, to the position of account director for its Bauer Place Portfolio of radio stations, including Magic 105.4 and Radio City 96.7.

Yahoo has boosted its UK sales team with five new hires, including account group leaders, in the first raft of appointments since its major restructure in August last year.

BNY MELLON

BNY Mellon appointed Brian McMahon as the company’s senior alternative industry facing executive in Luxembourg. McMahon was previously with Citigroup and State Street in investment services.

FORTRESS INVESTMENT GROUP

Fortress Investment on Tuesday said Daniel Mudd would resign as Chief Executive, a month after he took a leave of absence from the company amidst charges over his role in understating Fannie Mae’s exposure to subprime mortgages.

TIAA-CREF

The financial services provider named Ronald Pressman as its executive vice president and chief operating officer. Pressman, who is moving from General Electric, will start on Jan. 30.

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