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London’s Financial Conduct Authority has called in FTI Consulting for internal communications work related to a staff uprising over pay cuts.
The Telegraph reported that FTI has received more than $625K for PR at a time when FCA bosses are overhauling compensation structures that could lead to three-quarters of its 4,000 employees facing pay cuts.
A spokesperson told the Telegraph that FTI is “providing communications support as part of our ambitious transformation program to becoming a more proactive, darta-led regulator.”
FCA employees in October launched a drive to join Unite, the UK’s largest union.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
C Street Advisory Group handles strategic communications duties for American Signature Inc. as the Columbus-based home furnishings retailer declares Chapter 11.
Collected Strategies handles Exact Sciences as the cancer screening leader is acquired by Abbott in a deal with an enterprise value of $23B.
Joele Frank represents Philadelphia-based Axalta Coating Systems as it agrees to merge with Amsterdam’s AkzoNobel in a deal valued in the $25B range.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
