Murray Financial seeks agency as trial commences

Scottish acquisition vehicle Murray Financial is on the hunt for a financial PR agency.

News of the agency search comes as the Department of Trade and Industry takes Murray's former City PRO Tim Blackstone - of the now defunct Blackstone Business Communications (BBC) - to court on four counts of insider dealing.

Blackstone, who denies the charges, is appearing this week at London's Blackfriars Crown Court in a trial that is expected to run for weeks.

Murray Financial CEO Ken Murray is appearing as a witness for the DTI.

Murray confirmed he has not retained a City PR agency since hiring BBC, but has held talks with two agencies in the last week.

'We may need PR advisers for another acquisition and it's a suitable time for us to look at what's available in the market,' he said.

Blackstone - the brother of arts minister Baroness Blackstone - said he was winding BBC down after five years last August (PRWeek, 23 August).

Murray Financial, which was founded in 1998, attempted one of the country's first hostile takeovers of a building society, when it bid for Leek United three years ago. That bid was unsuccessful.

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