Tulchan hit by tough market

EXECUTIVE pay at City PR firm Tulchan was hit by worse trading conditions in the 11 months to March 2012.

Accounts filed by the firm ­– whose clients include Lloyds and security firm G4S – showed that agency founder Andrew Grant’s pay fell by more than half. Grant’s pay packet during the period was £700,000, compared with £1.6m in the previous year, while average partner profit was £80,000 compared with the previous year’s £225,800.