The Week: Advertising reviews - AMV quits Homebase pitch

Abbott Mead Vickers BBDO has pulled out of the Homebase pitch, ending a 12-year relationship with the retailer.

The agency is understood to have made the decision for cost reasons, following discussions between the two companies about the level of revenue earned for recent work on the account. Homebase called a pitch for the £27 million business in February. The review is being handled by the marketing procurement company RD Squared.