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James Murdoch quits in new day of hacking shame. Murdoch Jr flies away from trouble – but it may follow him to America. US authorities expected to investigate NI’s illicit practices as executive chairman quits to run father’s TV business.

WPP’s annual pre-tax profits have grown 18.5% to a record £1.01bn while revenues climbed 7.4% to a record £10.02bn.

Initiative, the Interpublic media network, has appointed Jim Hytner as its worldwide chief executive.

VisitBritain’s global £25m ‘Great’ campaign, created with the Department for Culture, Media and Sport (DCMS), has been forced to withdraw its poster activity in the US, after a typo was spotted in the spelling of Brecon Beacons. It was incorrectly spelt, ‘Breacon’.

David Rey is leaving News International to become managing director of Sky Business, the division tasked with building the broadcaster’s links with commercial venues such as pubs, shops and hotels.

Tesco has appointed David Wood to be its UK marketing director following the promotion of Carolyn Bradley to group brand director.

The lender said Mark Stadler, HSBC’s global market head for the Middle East and Africa private bank since January 2011, had relocated to London. He is replaced by Sobhi Tabbara, previously business area head for MENA and Saudi Arabia.
The full-service investment house named Dirk Werner and Angelo Morganti as managing directors of its investment banking division. Werner, who has worked with Bank of America Merrill Lynch, Morgan Stanley and Lehman Brothers, brings 22 years of M&A experience to Troika Dialog. Morganti joins from Renaissance Capital in Moscow where he was managing director and head of Equity Corporate Finance.
The company named Matthew French as a restructuring partner in London.
Herman Hintzen is joining the Swiss bank as chairman of insurance investment banking for Europe, the Middle East and Africa, according to a memo seen by Reuters on Wednesday.

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