CITY DIARY

Mysterious price movements at the Old Firm

It's funny what can move a share price. On Tuesday Celtic, the Glaswegian football club, hired as non-executive directors Brian Quinn, head of supervision at the Bank of England, and Sir Patrick Sheehy, recently retired chairman of BAT Industries. Yesterday shares in Celtic's local arch-rivals Rangers lost pounds 5 to finish at pounds 60 on the Ofex market. This 8 per cent fall was achieved by dealers marking the price down - no shares were actually traded. Obviously the market-making community knows something about the silky skills of Mr Quinn and Sir Patrick that the rest of us don't.

Calling all hamsters. Pet City, the recently floated out-of-town superstore chain, has one really hip product at the moment, according to Giles Clarke, the company's chief executive. Call at any one of its 35 stores and you could buy a Hamster Moon Glow Ball - an exercise wheel that glows in the dark. It starts at pounds 9.99 and comes in two sizes. Mr Clarke declares: "It's hot."

Cedric Brown's rehabilitation starts here. Following Mr Brown's abrupt departure, the head of one of the City's biggest fund managers (it starts with an 'M') mused: "I quite like Cedric Brown. In some ways he should be a hero for everyone. After all, he started out digging trenches and ended up right at the top. If we can have Eric Cantona and George Best as heroes, why can't we have Cedric?"

Eurotunnel is disturbed at the press treatment it is receiving at the moment. In particular, it is worried about the media's fascination with the food provided to truckers using the Channel Tunnel. Last year concerned journalists started asking the company whether the fare was stodgy and greasy enough for our heroes of the road, according to a Eurotunnel spokeswoman. Instead of concentrating on how many passengers were using the service, hacks were questioning whether Servair, Le Shuttle Freight's catering service, was serving too much poncey stuff and not enough shepherd's pie. The company has steered clear of a public relations disaster by using only pure British bangers and beans. No one, however, seems to have studied the dangers of the resulting build-up of methane gas in the Tunnel...

Sheila Masters has suffered a shock defeat in the race to become vice- president of the Institute of Chartered Accountants in England and Wales. The much-tipped Ms Masters was beaten by Chris Swinson, the generously proportioned former managing partner of Binder Hamlyn, now a partner with BDO Stoy Hayward. Whoever becomes vice-president gets to be deputy president the following year and then president. Michael Groom, a sole practitioner, was also vanquished in a three-way contest. Many observers queried why Ms Masters was bothering to run for the job, since she already runs most of the rest of the country. She is a partner with KPMG and a member of the Court of the Bank of England, and has other public sector jobs on top of that.

BT held two press conferences yesterday, one in the UK and one in Germany. It was announcing its joint venture with Viag to form an alliance with the German industrial group RWE, aimed at building a third force in German telecommunications. While extracting the same amount of information, the British journalists took half an hour, while the Germans took more than two and a half hours.

Apparently this is the way things are done in Germany, where annual general meetings routinely go on for 10 hours or more.

Road sense: Here's some helpful advice sent out yesterday by the Co-operative Insurance Society for motorists grappling with the current nationwide blizzard: "Be prepared for an emergency. This includes keeping not just a de-icing spray, first-aid kit, torch and jump leads - but a spade and wellingtons in your boot should it be necessary and practical to dig yourself out. Don't travel without warm clothing, a blanket and a flask containing a hot drink for longer journeys." Oh, and don't forget the huskies.

Start your day with The Independent, sign up for daily news emails
PROMOTED VIDEO
ebooks
ebooksA special investigation by Andy McSmith
Arts and Entertainment
This weekend's 'Big Hero 6' by Disney Animation Studios
arts + ents
News
i100
News
Budapest, 1989. Sleepware and panties.
newsDavid Hlynsky's images of Soviet Union shop windows shine a light on our consumerist culture
Arts and Entertainment
Eleanor Catton has hit back after being accused of 'treachery' for criticising the government.
books
News
In humans, the ability to regulate the expression of genes through thoughts alone could open up an entirely new avenue for medicine.
science
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Software Development Manager

£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...

Ashdown Group: Product Manager - (Product Marketing, Financial Services)

£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...

Recruitment Genius: Compliance Assistant

£13000 per annum: Recruitment Genius: This Pension Specialist was established ...

Ashdown Group: Market Research Executive

£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...

Day In a Page

Isis hostage crisis: The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power

Isis hostage crisis

The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power, says Robert Fisk
Missing salvage expert who found $50m of sunken treasure before disappearing, tracked down at last

The runaway buccaneers and the ship full of gold

Salvage expert Tommy Thompson found sunken treasure worth millions. Then he vanished... until now
Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Maverick artist Grayson Perry backs our campaign
Assisted Dying Bill: I want to be able to decide about my own death - I want to have control of my life

Assisted Dying Bill: 'I want control of my life'

This week the Assisted Dying Bill is debated in the Lords. Virginia Ironside, who has already made plans for her own self-deliverance, argues that it's time we allowed people a humane, compassionate death
Move over, kale - cabbage is the new rising star

Cabbage is king again

Sophie Morris banishes thoughts of soggy school dinners and turns over a new leaf
11 best winter skin treats

Give your moisturiser a helping hand: 11 best winter skin treats

Get an extra boost of nourishment from one of these hard-working products
Paul Scholes column: The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him

Paul Scholes column

The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him
Frank Warren column: No cigar, but pots of money: here come the Cubans

Frank Warren's Ringside

No cigar, but pots of money: here come the Cubans
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee