Ad giant Omnicom is in discussions to buy Beattie McGuinness Bungay to bolster the firepower of its TBWA\London agency. By Mark Sweney

The Sun is reviewing its £9m advertising business, which has been handled for the past three years by Euro RSCG. Having secured the business following a ten-year run by TBWA\London, it launched a TV promotion to support the paper's fantasy football competition, Dream Team. (Via mad.co.uk)

5pm: Omnicom-owned ad agency TBWA has poached the Publicis UK chairman to be chief executive of its UK and Ireland business. By Mark Sweney.

The brain behind some of the most memorable commercials of the past decade has been appointed the new creative director of TBWA. Stephen Armstrong profiles an unlikely adman who just happens to love Pilates.

8am: Steve Henry, the co-founder of the advertising agency famous for the 'You've been Tango'd' ads, has defected to TBWA/London in a move that will come as a blow to Sir Martin Sorrell's global aspirations. By Mark Sweney.

12.15pm: Arabic satellite broadcaster al-Jazeera has appointed an offshoot of the TBWA advertising group to run the marketing campaign for its new English-language channel. By Chris Tryhorn.

8.30am: The campaign by exiled Wimbledon football club supporters to build a new stadium is being given a boost by a fund-raising advert by TBWA. By Claire Cozens.

6pm: Garry Lace has quit as chief executive of TBWA, one of Britain's most high-profile advertising agencies, to run the London office of Grey Worldwide. By Claire Cozens.

4.30pm: Channel 5 has hired TBWA, the advertising agency behind French Connection and Wonderbra, to help shed its downmarket image. By Claire Cozens.

11am: Trevor Beattie has been promoted to chairman of TBWA/London, writes Claire Cozens.

2.30pm: Neil Christie, TBWA\London's chief operating officer, has resigned unexpectedly, writes Julia Day.

10.45amAd guru Lee Clow heightened rumours of his retirement this week by announcing his 'successor', writes Jade Garrett.