WPP Group merges marketing and brand consultancies

Egg is to introduce a two per cent ‘rate tart’ charge for credit card balance transfers. Egg was one of the pioneers of offering a zero per cent introductory rate to attract new customers.

Media Steps, the steps and stairs ad site company, is floating on the Alternative Investment Market (AIM) later this month, in a deal believed to be worth &£7m. The company has several exclusive sites at train stations and football clubs.

Bacardi chairman and chief executive Ruben Rodriguez has resigned. His surprise resignation, after 18 years with the group, comes as rival Diageo approaches Bacardi about a consolidation deal.