The Observer newspaper has continued to boost its business team by
draining talent from rival newspaper Sunday Business.
Richard Wachman, who is currently Sunday Business City editor, will hold
the same title at The Observer when he joins, probably in July. Wachman
replaces Paul Farrelly, who is leaving to stand as a Labour candidate in
Conal Walsh, former Sunday Business news and investigations reporter,
has already made the move. He joined The Observer this month as business
Both Wachman and Walsh will report to business editor Frank Kane - who
himself moved from Sunday Business, where he had been news editor, two
months ago (PRWeek, 9 March).
The latest moves mark an increased emphasis on business in The Observer,
sparked by Kane's appointment. Having previously been on The Sunday
Times' Insight investigations team, he is keen to broaden the paper's
scope for business investigation.
Sarah Ryle has moved from the newsdesk to offer a consumer slant to City
coverage, while Jamie Doward remains deputy business editor.
Nils Pratley, the editor of Sunday Business, was not available for
comment on how his title would respond to the departures.
Current Sunday Business economics editor Martin Essex ruled himself out
of the running for Wachman's job. But colleagues such as chief reporter
Mark Watts or media editor Jon Rees could be in the frame.
Sunday Business, which is seen as appealing to readers who work for City
institutions, relaunched its second section, Sunday Investor, to cover a
more general audience. Its glossy magazine, Sunday Business and
Pleasure, is aimed at younger executives and edited by Topaz Amoore,
formerly of the Express.
Sunday Business's latest ABC was 58,000 - down from a peak of 76,000