The current in-fighting between the Sun and the Mirror over share
dealing has given broadsheet columnists an opportunity to jump on the
bandwagon. It took a new recruit to the Daily Telegraph City desk, Suzy
Jagger, to find the chink that Sun editor David Yelland could exploit -
Piers Morgan’s share holding in Viglen which his own paper had
The Guardian followed up with the news that Anil Bhoyrul and his
assistant James Hipwell, the so-called City Slickers, were hyping their
own shareholdings with several columnists questioning the quality of
Despite Morgan jettisoning his shares and giving the profits to charity
(a fact ignored by the Sun), he came under increasing pressure.
Even if Morgan survives, the City Slickers look certain to become
casualties of the affair. The FSA, recently tasked with introducing new
civil regulations to control insider information, came under pressure to
tighten up its remit on journalists as well as City PR agencies which
use journalists in an attempt to move share prices (Times, 11/2).
Analysis and commentary by Echo Research.
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