CITY DIARY

With secret corporate donations to political parties becoming increasingly unfashionable, it seems that a campaign for political reform has been driven to approach the City directly for funds. The Voting Reform Group yesterday launched a £400,000 bond, which yields 7 per cent until its redemption date in 1997, to raise money for its forthcoming campaign to force a referendum on Britain's voting system. The cause is supported by Christopher Haskins, chairman of Northern Foods, who learnt the value of proportional representation as child in Ireland. Investors should be reassured by the confident assertions of Graham Pooley, secretary of Reform plc, that the money will be paid back by funds raised through raffles, fetes and sherry evenings in the future.

The forthcoming arrival of John Holmes, the colourful former Laing's salesman, at SG. Warburg's UK equity desk reminds me of an intriguing incident in 1987 centred on one of thecountry's rare successful prosecutions for insider trading. Geoffrey Collier, the former joint securities chief at Morgan Grenfell, was convicted of insider dealing involving shares of Cadbury Schweppes while his company was helping to build up a stake for General Cinema.

The fateful telephone call that led to Collier's conviction took place on 6 November at the Wimbledon address of a colleague, a certain John Holmes, then managing director of Morgan Grenfell Securities, who was never in any way implicated in the scandal. Collier and John Holmes were close colleagues. The former was known to his friends as "Bull"; Mr Holmes' equally affectionate epithet can be left to the imagination.

I hear that Jeff Randall, 40, is reconsidering his position as City editor of the Sunday Times. No decision has been made yet but Mr Randall, a lover of horse-racing and golf, has often said he would quit his post as he left his thirties. It is said he hopes to continue as columnist in the business section and as a director of the Sunday Times' holding company while passing on the week-by-week editorial responsibility for the section.

Roger Lawson, president of the Institute of Chartered Accountants, says he is worried that unqualified accountants, who spent their youth partying rather than swotting for exams, will undermine the good name of the profession. "Anyone in the country can call themselves an accountant but they may not have the same integrity and ethical standards," he complains.

To forestall growing accusations of spiviness, the institute is spending £230,000 on a 350-site, nation-wide poster campaign, the first of its kind for the accountants.

BusinessAge magazine is publishing a sequel to the "40 under 40" series run by the defunct Business magazine. It seeks to identify high-flyers among the ranks of the nation's young entrepreneurs. Let's hope the list is more prescient than previous attempts which included banana-skin businesspeople such as Sophie Mirman of Sock Shop, Gerald Ratner of Ratners, John Ashcroft of Coloroll, Philip Green of Amber Day and Oliver Roux of Guinness.

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksAn introduction to the ground rules of British democracy
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: Sales Assistant / Buyer

£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...

Recruitment Genius: Customer Service Advisor

£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....

Recruitment Genius: Compliance Manager

£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...

Day In a Page

Is this the future of flying: battery-powered planes made of plastic, and without flight decks?

Is this the future of flying?

Battery-powered planes made of plastic, and without flight decks
Isis are barbarians – but the Caliphate is a dream at the heart of all Muslim traditions

Isis are barbarians

but the Caliphate is an ancient Muslim ideal
The Brink's-Mat curse strikes again: three tons of stolen gold that brought only grief

Curse of Brink's Mat strikes again

Death of John 'Goldfinger' Palmer the latest killing related to 1983 heist
Greece debt crisis: 'The ministers talk to us about miracles' – why Greeks are cynical ahead of the bailout referendum

'The ministers talk to us about miracles'

Why Greeks are cynical ahead of the bailout referendum
Call of the wild: How science is learning to decode the way animals communicate

Call of the wild

How science is learning to decode the way animals communicate
Greece debt crisis: What happened to democracy when it’s a case of 'Vote Yes or else'?

'The economic collapse has happened. What is at risk now is democracy...'

If it doesn’t work in Europe, how is it supposed to work in India or the Middle East, asks Robert Fisk
The science of swearing: What lies behind the use of four-letter words?

The science of swearing

What lies behind the use of four-letter words?
The Real Stories of Migrant Britain: Clive fled from Zimbabwe - now it won't have him back

The Real Stories of Migrant Britain

Clive fled from Zimbabwe - now it won’t have him back
Africa on the menu: Three foodie friends want to popularise dishes from the continent

Africa on the menu

Three foodie friends want to popularise dishes from the hot new continent
Donna Karan is stepping down after 30 years - so who will fill the DKNY creator's boots?

Who will fill Donna Karan's boots?

The designer is stepping down as Chief Designer of DKNY after 30 years. Alexander Fury looks back at the career of 'America's Chanel'
10 best statement lightbulbs

10 best statement lightbulbs

Dare to bare with some out-of-the-ordinary illumination
Wimbledon 2015: Heather Watson - 'I had Serena's poster on my wall – now I'm playing her'

Heather Watson: 'I had Serena's poster on my wall – now I'm playing her'

Briton pumped up for dream meeting with world No 1
Wimbledon 2015: Nick Bollettieri - It's time for big John Isner to produce the goods to go with his thumping serve

Nick Bollettieri's Wimbledon Files

It's time for big John Isner to produce the goods to go with his thumping serve
Dustin Brown: Who is the tennis player who knocked Rafael Nadal out of Wimbeldon 2015?

Dustin Brown

Who is the German player that knocked Nadal out of Wimbeldon 2015?
Ashes 2015: Damien Martyn - 'England are fired up again, just like in 2005...'

Damien Martyn: 'England are fired up again, just like in 2005...'

Australian veteran of that Ashes series, believes the hosts' may become unstoppable if they win the first Test