The Week: Advertising reviews - Invesco scraps ad pitch

Invesco Perpetual has decided not to appoint an agency after whittling its pitching agencies down to one.

The financial company, which previously used the now defunct Shop, initially shortlisted five agencies to battle it out for its £5 million business. However, after knocking four of them off the list, Invesco decided not to appoint an agency at all and ended the process.