Credit crisis diary: A parting of the ways for Lloyds and its PR
Wednesday 11 March 2009
The banking crisis has had its fair share of scapegoats and here's another one. Lloyds Banking Group, humbled by its disastrous acquisition of HBOS, has parted company with Finsbury, its PR adviser, after eight years. A spokesman for the bank explains that it simply decided to ask rival agencies to pitch for the account in a periodic review. "Finsbury has chosen not to participate, which we understand," the Lloyds man adds. What he doesn't know is that the doyen of financial PR companies has found another banking client to advise. Watch this space.
Early start for the minister
Expect the Government to sharpen up its communications strategy on the banking crisis. Spotted breakfasting yesterday at the posh Mayfair eaterie The Wolseley, the City minister, Lord Myners, was deep in conversation with Steve Sharp, marketing director at Marks & Spencer. The two once worked together at the retailer, and Mr Sharp no doubt had some suggestions for how the Government could better sell its message. Looks like Lord Myners was keen to get on with it: the two had dined, paid the bill and left by 8.25am.
Drinking till they drop
The former Virgin Money boss Rowan Gormley has come up with a novel idea for beating the credit crunch. His new venture, Naked Wines, is holding a wine tasting at the Australian High Commission tonight, which will endeavour to share out a A$100,000 order for wines from down under. Members of the public will choose their favourite tipples at the tasting before Rowan invites the winemakers back in Oz to offer their best prices in a price auction. Let's hope someone stays sober enough to run the event.
Get your kit off for the ads
Which "major airline" wants 999 people to take their clothes off to help with a marketing campaign it is running? The airline, which isn't identifying itself – but is offering a prize of two free flights to Europe as an incentive – is asking people to register online for the event, to be held a week on Sunday in central London. Our money is on Virgin or Ryanair – both renowned for PR stunts – but we may be wrong.
Give this lot a wide berth
The credit ratings agency Moody's has published a list of almost 300 American companies that it thinks may be about to default on debt repayments. It titled the report "Moody's US bottom rung", but crueller market wits have dubbed it the "lepers list".
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
iJobs Money & Business
£20000 - £25000 per annum + OTE £40,000 + Car + Pension: SThree: SThree are a ...
£20000 - £25000 per annum + OTE £35K: SThree: We consistently strive to be the...
£20000 - £25000 per annum + OTE £35000: SThree: SThree are a global FTSE 250 b...
£20000 - £25000 per annum + OTE £35K - £45K: SThree: SThree Group have been we...