Hotline: Matthew Freud buys stake in M&C Saatchi

Matthew Freud, the owner of Freud Communications, has bought a 3.3 per cent stake (2.04 million shares) in M&C Saatchi.

Freud said that the investment is personal and is not related to his company, which is 50.1 per cent owned by Publicis Groupe. At the time of the purchase, M&C Saatchi was trading at 24p per share, down from a high of 169p per share in April 2007.

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1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).