Square Mile buys Fleet Financial to increase offering

Financial PR agency Square Mile Communications has acquired rival Fleet Financial Communications for an undisclosed fee. The deal pushes the agency into the PR Week Top 40 UK agencies in fee income.

Financial PR agency Square Mile Communications has acquired rival

Fleet Financial Communications for an undisclosed fee. The deal pushes

the agency into the PR Week Top 40 UK agencies in fee income.



Fleet was started in 1970 by Ian James. Last year the agency, which

specialises in media relations for small- to medium-sized public

companies, had fees of pounds 500,000. It has 40 clients including

London and Edinburgh plc, Benson Crisps and Stirling Security Group.



According to Square Mile chairman Tim Jackaman, Fleet will be maintained

as a separate brand. However, Jackaman wants to grow the business

through investment and plans to hire two more staff to join the

three-person operation within the next three months.



James will remain chief executive of Fleet, although the agency is

moving from its Fleet Street offices to Square Mile’s offices in Gough

Square, London.



Jackaman said: ’We can now offer services to a greater spectrum of

businesses.



A large proportion of our new business is from the IT, internet stock

and biotech sectors, where companies can grow very quickly. This will

allow us to offer a seamless service.’



P Square Mile Communications has been appointed by high street greetings

card retailer Clinton Cards to carry out a financial PR programme,

raising the profile of Clinton in the City. Square Mile replaces

incumbent Bell Pottinger, which had been retained by Clinton since it

floated in 1988.



Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Latest Articles

Max Clifford trial jury to reconvene tomorrow after majority verdicts direction

Max Clifford trial jury to reconvene tomorrow after majority verdicts direction

The jury in the trial of celebrity publicist Max Clifford on 11 charges of indecent assault has been sent home for the day after being told by the judge earlier this afternoon that he will now accept majority verdicts.

Labour "fooling themselves" over plans to combat attacks on Miliband

Labour "fooling themselves" over plans to combat attacks on Miliband

Conservative-leaning public affairs experts have questioned the value of Labour's adoption of US-style campaigning tactics in the wake of the opposition hiring election strategist David Axelrod.

PLMR appoints Professor Tim Morris as non-executive director

The vet who helped establish the British Horseracing Authority's anti-doping and animal welfare programme has joined PLMR as a non-executive director.