Bell Pottinger 'faces collapse' as investors rush for exit
07 September, 2017, 02:04 | Author: Chad Mckenzie
Banking giant HSBC, consultancy and accountancy firm EY and lender CYBG, led by former AIB chief executive David Duffy, are among a raft of groups that have dropped Bell Pottinger following the controversy.
Bell Pottinger has been at the centre of a storm since the #GuptaLeaks emerged.
"People are being offered other opportunities".
Some of Bell Pottinger's biggest clients appear to be severing ties with the group, after the industry's trade association earlier this week stripped it of membership following an investigation into the firm's conduct in South Africa.
In a statement, Bell Pottinger said it accepted there were lessons to be learned, but disputed "the basis on which the ruling was made".
In addition to HSBC, Clydesdale Bank, the construction company Carillion, and United Kingdom broadband operator TalkTalk all revealed on Tuesday that they had stopped working with Bell Pottinger.
Mr Zuma and the Guptas - accused of wielding undue political influence over the South African government - have always denied any wrongdoing in their relations. Zuma's son Duduzane has been a director of several Gupta-owned companies and worked for Oakbay, the business at the centre of the scandal.
We are pleased that the UK's Public Relations Communication Association has taken steps to expel Bell Pottinger from its ranks as a result of the complaint raised by the DA.
UCLA wins 45-44 stunner over Texas A&M
UCLA just completed a 34-point comeback, beating A&M 45-44 after this fake spike touchdown pass by Josh Rosen . The biggest comeback in college football history: 2006 Michigan State's 35-point comeback over Northwestern.
"[Clydesdale] and its associated brands no longer work with Bell Pottinger", said a spokesman for the bank.
Waitrose, which prides itself on its ethical stance and uses Bell Pottinger, would not say whether it will continue to employ the embattled agency.
"Due to reasons of confidentiality we do not comment on business matters of this nature", a BDO spokesperson said.
Since then, a number of clients - including global bank HSBC, South African investment bank Investec, mining company Acacia and construction company Carillion - have walked away. Another shareholder - Mark Smith - remains in place as chairman, but a number of senior figures have departed the agency in recent days, including corporate and financial head John Sunnucks - one of Bell Pottinger's key rainmakers.
Chime, co-owned by United States investment firm Providence Equity Partners and Sir Martin Sorrell's WPP group, gave up trying to sell its 27 per cent holding and is understood to have given the stake to the company's board several weeks ago as the scandal reached boiling point.
Adam Yates (Orica-Scott) had been alone out front with roughly 4km to go when Lopez made contact then flew past the Briton. Kelderman was third, a further nine seconds adrift, but both he and Zakarin remain over two minutes behind Froome.
The Japanese side appears to be seeking measures that include an oil embargo against North Korea as additional U.N. North Korea has been under United Nations sanctions since 2006 over its ballistic missile and nuclear programmes.
A group that supports the program in Arizona is using a community summit this weekend to hold a session on DACA and reapplying. Something to help us continue moving forward as citizens of the United States because that's what we are", Marin said.
They said more funds which would have been spent in improving the economy will be spent in the repeat presidential election . He said that the decision of 45 million Kenyans can not be annulled by six people, referring to the Supreme Court judges.
Truex said the double-file restarts make racing different at every track , not just Darlington. "Tonight wasn't our night". A belated congratulations to Jeremy Clements , who won last weekend's XFINITY Series race at Road America.
Instead, Marino took the snap and lofted a touchdown pass to Mark Ingram to give the Dolphins a 28-24 victory. Rosen and Andrews connected on a 9-yard touchdown for the team's first touchdown of the fourth quarter.
North Korea has stated it is, at least in part, responding to Washington's decision to hold the exercises, which ended last week. North Korea's sixth nuclear test - probably its largest so far - sends out one clear political signal.
Ahead of the vote Kenya's treasury said preparation and execution of polling would cost the equivalent of around $480 million. Citing irregularities, Chief Justice David Maraga said a new vote should be held within 60 days, the BBC reports .
Only three drivers have more wins without a title - Junior Johnson (50), Martin (40) and Fireball Roberts (33). Denny Hamlin: Even after Hamlin's pit road mishap, he left himself enough time to get back into the race .
Maharashtra Press Corps condemn killing of Gauri Lankesh
Lankesh was also part of a government panel involved in shaping a Maoist surrender to state police, according to reports. She was the daughter of late poet-turned-journalist P Lankesh who launched " Lankesh Patrike " several decades ago.
BRICS Summit: Held 'fruitful talks' with Xi, says Modi
After entering an ante-chamber following a photo-op with China's President Xi Jinping , Modi enveloped Sisi in his trademark hug. China had successfully hosted the Belt and Road Forum (BRF) for International Cooperation in May, this year.
Japanese Princess gives up royal status to marry
In a press conference on Sunday, she said she was first attracted to Kei Komuro's "smile like the sun ". This matrimony will make her lose a lot of privileges as a member of the Japanese Imperial Family.
Lyon roars with four as Bangladesh struggle
Australia suffered their first-ever Test defeat against Bangladesh and are desperate to restore some lost pride. The pitch is expected to take turn right from the word go, as was the case in the first Test.