Bell Pottinger ‘faces collapse’ as investors rush for exit

James Henderson, who quit as chief executive at the weekend, and his fiancée Heather Kerzner own 37 per cent of the PR firm
James Henderson, who quit as chief executive at the weekend, and his fiancée Heather Kerzner own 37 per cent of the PR firm
RICHARD YOUNG/REX/SHUTTERSTOCK

Bell Pottinger was fighting for its survival last night after its biggest outside shareholder renounced its holding, British clients started to defect in large numbers and senior staff began to seek new jobs.

Chime Communications, which is 25 per cent owned by WPP, announced that it no longer held an interest in the public relations consultancy.

It is understood to have given its 27 per cent Bell Pottinger stake to Bell Pottinger for nothing in a scramble to distance itself from the firm.

British clients were similarly rushing to dump the firm yesterday, with HSBC, St James’s Place, the wealth manager, DS Smith, the packaging group, and Carillion, the construction group, all in the process of severing ties.

Unite, the student accommodation provider, Berwin Leighton