Finally some good news for the Telegraph: Allister Heath is leaving City AM for Buckingham Palace Road:

“I have thoroughly enjoyed my time at City A.M., and it has been hugely exciting watching the paper grow in terms of readers and helping to steer it on the road to profitability. The time was right for me personally to seek a new challenge, and I am very much looking forward to joining the Telegraph.”

One of the best talent-spotters and leader writers in the business, Heath made City AM into a respected and profitable newspaper. He was basically doing all of the Telegraph’s best economic coverage anyway, now he’s made it official…