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Rupert Murdoch has taken to social network Twitter to deny a report relating to his company, which claimed the launch of a new Sunday tabloid had been put on hold because of the arrest of four Sun journalists.

Andrew Miller, chief executive of the Guardian Media Group, has ruled out erecting a paywall as he tries to stem £40m in annual losses with an ongoing restructure and redundancy programme, although he admitted “things may change”.
Initiative has boosted its senior team with the hiring of Anna Watkins, the group managing director at the digital shop Grand Union, as its managing director.

Time Out, the London lifestyle magazine and media group, has lost its marketing director Andrew Booth to online retailer The Hut Group.

Pernod-Ricard is relaunching its absinthe brand with a campaign that plays on its cultural influence, following last year’s legalisation of the spirit in France after a nearly a century of prohibition.

Amazon has appointed former News International digital executive Alex Hole as advertising sales director.
Argos, the Home Retail Group-owned high-street business, has appointed US retail executive John Walden as managing director, effective this month.

Jeremy Craigen, DDB UK’s executive creative director, is in talks about a role heading up the network’s global Volkswagen account.

KOHLBERG KRAVIS ROBERTS & CO LP

The global investment firm named Vincent Policard as a director in its infrastructure team. Policard joins KKR from Morgan Stanley, and will be based in London.

STATE STREET GLOBAL MARKETS
The investment research, trading and securities lending arm of State Street Corp named John Minderides as head of its portfolio solutions business for Europe, the Middle East and Africa.
Nicholas Bonn, executive vice president, has been appointed the global head of State Street’s portfolio solutions activities worldwide. Minderides will be based in London, and report to Bonn.

ALIXPARTNERS LLP
The global business-advisory firm named Claudio Scardovi as a managing director in its financial services practice in the EMEA region. Scardovi will be based in Milan.

GOLDMAN SACHS GROUP INC
Goldman Sachs has named Matthew Westerman and Dan Dees as co-heads of investment banking for Asia-Pacific, ex-Japan, according to a memo obtained by Reuters on Thursday.

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