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Bad, losing journalist, but holds fire (4)

Ross

I believe the answer is:

wick

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This might be a double definition.

'bad losing journalist' is the first definition.
Although both the answer and definition are singular nouns, I don't see how they can define each other.

'holds fire' is the second definition.
The answer and definition can be both man-made objects as well as being singular nouns.
Perhaps they are linked in a way I don't understand?

'but' is the link.

Can you help me to learn more?

(Other definitions for wick that I've seen before include "Caithness fishing town - part of candle" , "Cord conveying liquid by capillary action" , "Candle fibre" , "Beginners" , "that burns down?" .)

I've seen this clue in The Daily Express.
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