Caroline Michel is hoping to draw a line under the Peters, Fraser & Dunlop saga after convincing media mogul Andrew Neil to take over the agency. But Neill has vowed that the deal would not lead to a rapprochment with the United Agents.

Neil and two as-yet-unnamed City financiers this week agreed to buy PFD from parent group CSS...

Two directors of CSS Stellar have snapped up £500,000 of shares in the group, sparking fresh specu­lation about the future of its embattled agency arm PFD.

On 18th January, CSS vice-chairman Julian Jakobi and director John Webber bought two million CSS shares at 25p each. A large tranche of the shares were aquired from Nicholas...

CSS Stellar chairman David Buchler has set up a company called United Agents Group, a name almost identical to that chosen by the breakaway PFD agents for their new venture. Buchler's move is believed to be a spoiler tactic to further destabilise the agents, who quit PFD after he took control of parent group CSS Stellar in the summer.

CSS Stellar has fired 11 agents at Peters Fraser & Dunlop and launched an investigation into "apparent inconsistencies in the payment of commissions and bonuses to certain employees". In an update to shareholders, CSS also claimed that it was in "discussions with numerous established talent agents eager to join the firm....