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Breaking News

Bob Diamond’s golden goodbye is slashed by £20m… but still takes home £2 MILLION after Barclays rate rigging scandal.

Former Chelsea footballer Ken Monkou is to launch a new upmarket quarterly football magazine called Football Life, mirroring similar moves by Rio Ferdinand and Phil Babb to crack the UK magazine market.

With the enforcement of LOCOG’s Olympic advertising ‘blackout’ just days away, Colgate, Sky, Subway and British Gas are among the brands preparing marketing material without their athlete brand ambassadors.

LOCOG and Twitter remain in talks about the enforcement of digital advertising guidelines during the Olympic Games, with ‘confusion’ prevailing little more than two weeks before the start of what has been billed the world’s first ‘social Olympics’.

News International is aiming to maximise newspaper sales during London 2012 through a series of partnerships with Olympic sponsors.

Barclays has axed all advertising in the wake of the interest-rate-fixing scandal that led to the departure of chief executive Bob Diamond last week.

Carlsberg is making its first foray into the UK cider market with the launch of the Somersby brand.

Wimbledon champion Serena Williams was ticked off for breaching sponsorship rules at Saturday’s women’s singles final by taking her Gatorade bottle into the post-match press conference.

Yahoo and Facebook have settled their patent dispute and forged an advertising alliance that will involve greater integration of their platforms.

Asda is renaming its Asda Financial Services brand as Asda Money and introducing a a new cashback credit card.

The Institute of Practitioners in Advertising has appointed Leo Burnett’s Katie Lee and Aegis Media’s Cormac Loughran as the new joint chairmen of the IPA’s New Business and Marketing Group.

Marks & Spencer is to part company with executive director of general merchandise Kate Bostock and has hired a style director and strategy director, as it posted a 0.7% loss in first-quarter group sales.


The firm has hired Ben Laidler as its new head of research in the Americas, overseeing analysts covering stocks, bonds and macro issues. Laidler, who will be based in New York, most recently ran Latin American equity research and strategy at JPMorgan Chase.


The start-up firm hired a team of veteran advisers who manage roughly $100 million in client assets. Among them Scott Christie and John Aitchison joined as advisers from The Planning Group, a Scottsdale, Arizona-based wealth management firm.


The UK-based bank named Raheel Ahmed as its regional consumer banking head for the Middle East, Africa and Pakistan, replacing Vishu Ramachandran who has been named chief operating officer for global consumer banking. Ahmed, who joined the bank in 2004, will be based in Dubai.


The asset management company appointed David Brush as a managing partner. Based in London, Brush will lead European real estate investing activities. Brush was earlier managing director with RREEF, the real estate investment division of Deutsche Bank .


The asset management arm of Italian bank UniCredit appointed Brian Clay as head of its UK wholesale business based at the expanding London distribution and investment centre. He joins from Janus Capital Group Inc in London where he was head of sales for intermediary wholesale and sub-advisory business.


The company, which manages European equities, appointed John Lester as head of distribution. Lester joins the firm from Neptune Investment Management, where he was head of strategic partnerships.


The London-based investment management company appointed Jamie Murray as director of client services and marketing. Murray joins from Barclays Financial where he was co-head of alternative investments in the wealth management division.


The company, which provides data for global financial markets, appointed Alistair Sykes to their London office as senior manager, client solutions for UK and Europe.

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