Media Profile: A heavy-hitting finance expert - Paul Murphy, executive financial editor, the Guardian

When Paul Murphy talks about the business stories he has covered - arriving for his first day on the trade paper The Banker as the October 1987 stock market melt down began, Polly Peck, Robert Maxwell, the BCCI crash - it is soon apparent that he loves bringing to light tales of wrongdoing and disaster.

When Paul Murphy talks about the business stories he has covered -

arriving for his first day on the trade paper The Banker as the October

1987 stock market melt down began, Polly Peck, Robert Maxwell, the BCCI

crash - it is soon apparent that he loves bringing to light tales of

wrongdoing and disaster.



He denies it, of course, but if you bring up the Flaming Ferraris’

recent fall to tempt his interest, he snorts with derision. ’They were

amateurs compared to Nadir or Maxwell or even Leeson,’ he says,

revealing his love of the truly great fall from grace. This, presumably,

is why he has returned to the Guardian, traditionally a champion of such

stories, from a brief sojourn at the Sunday Business as markets editor

to take up the role of executive financial editor.



Murphy takes on his new role as the Guardian looks to expand its

business pages. ’We have been planning to change the Guardian’s business

coverage for some time, so we went straight for Paul,’ says Alan

Rusbridger, Guardian editor. ’He is a hugely experienced and respected

City journalist who will give our coverage a new edge and depth. He has

an unparalleled knowledge of the market and a considerable track record

in breaking stories.’



Murphy is in charge of expanding the section both in terms of staff and

pages. He has already recruited a slew of journalists from other

nationals, taking on David Teather from the Express, Marianne Curphy

from the Times and Jane Martinson from the Financial Times, who, along

with others Murphy hopes to recruit over the next few months, will help

the existing team fill the paper’s five daily pages of business news -

up from the previous three.



The Guardian has always been strong on international finance, corporate

governance and industrial coverage but has tended to lag behind other

nationals on company reporting, corporations and City stories. ’It is a

shame, because the paper has some superb writers who deserve to be read

by the business community,’ says Murphy.



But does he really think the City will drop its pink papers in favour of

his revamped coverage? ’OK, you are not going to see a middle-aged

stockbroker walking down Moorgate with a copy of the Guardian under his

arm,’ he admits, ’but the City has changed a lot in the last ten

years.



It used to be the case that most City workers’ second paper was the

Daily Mail, but you will find the Guardian now has a big readership

there.’



Murphy believes the Guardian’s recruitment of Edmond Warner, head of

strategy at investment bank BT Alex Brown, to write a twice weekly

column will pull in City readers. ’He rang me after the first two or

three columns and said he had no idea there were so many closet Guardian

readers on his dealing floor.’



This is the message Murphy wants to pass on to the PR industry. ’I know

many PR agency clients just want to be in the FT so they aim a lot of

stuff to that paper,’ he says. ’But the Guardian is the paper read by

the Government, the senior backbenchers and the Civil Service. That’s

where people need to be these days.’



HIGHLIGHTS

1995

Stock market correspondent and City reporter the Guardian

1998

Markets editor, Sunday Business

1999

Executive financial editor, the Guardian



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

Growing number of clients plan PR budget increases

Growing number of clients plan PR budget increases

The number of marketers planning to increase their PR budgets during 2014 has climbed, according to the latest quarterly Bellwether survey by the Institute of Practitioners in Advertising.

Max Clifford trial jury to continue deliberations tomorrow

Max Clifford trial jury to continue deliberations tomorrow

The jury in the trial of celebrity publicist Max Clifford has been sent home after a second day of deliberations about its verdicts on 11 charges of indecent assault.

Champagne producer Charles Heidsieck appoints Story PR