LSE finds ally in Blair to battle takeover

The London Stock Exchange, currently fighting a hostile takeover bid from Australian bank Macquarie, won't be complaining about PR advice for its defence after it emerged this week that a certain Euan Blair has joined its retained financial firm Finsbury.

The 22-year-old son of the Prime Minister is in the second week of a three-week work experience stint at the top City shop. The firm's flamboyant founder Roland Rudd, friend to New Labour creator Peter Mandelson and frequently tipped as a future Labour MP, refused to comment on young Blair's arrival when PRWeek calls. But we are sure Euan's choice of work experience owes far more to the Finsbury City pedigree than to Rudd's line into Downing Street.

LSE CEO Clara Furse will no doubt be comforted by such high-level support to see off those Aussies.

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