MEDIA: What The Papers Say - Outcry over share and share alike tipsters

The current in-fighting between the Sun and the Mirror over share dealing has given broadsheet columnists an opportunity to jump on the bandwagon. It took a new recruit to the Daily Telegraph City desk, Suzy Jagger, to find the chink that Sun editor David Yelland could exploit - Piers Morgan’s share holding in Viglen which his own paper had tipped.

The current in-fighting between the Sun and the Mirror over share

dealing has given broadsheet columnists an opportunity to jump on the

bandwagon. It took a new recruit to the Daily Telegraph City desk, Suzy

Jagger, to find the chink that Sun editor David Yelland could exploit -

Piers Morgan’s share holding in Viglen which his own paper had

tipped.



The Guardian followed up with the news that Anil Bhoyrul and his

assistant James Hipwell, the so-called City Slickers, were hyping their

own shareholdings with several columnists questioning the quality of

their advice.



Despite Morgan jettisoning his shares and giving the profits to charity

(a fact ignored by the Sun), he came under increasing pressure.



Even if Morgan survives, the City Slickers look certain to become

casualties of the affair. The FSA, recently tasked with introducing new

civil regulations to control insider information, came under pressure to

tighten up its remit on journalists as well as City PR agencies which

use journalists in an attempt to move share prices (Times, 11/2).





Analysis and commentary by Echo Research.



Cuttings by Durrants. More information can be found at:

www.echoResearch.com.



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