Not many winners in the stockbrokers' racing tips

People & Business

Investment circulars from Panmure Gordon's engineering team don't just limit themselves to "Buy FKI and sell GKN". Harry Phillips' latest effort also covers some "great racing at Newbury".

The circular dated last Friday adds: "We take Cheryls Lad to win the Tote Gold Trophy whilst in the Grand National Trial at Uttoxeter, Warren Marston has the opportunity to get back on the winning trail riding Mudahim for his boss Jenny Pitman."

In the event, Mr Phillips tells me: "Cheryls Lad didn't run, so no one lost any money, while Mudahim came second at six to one."

This seems pretty poor investment advice, especially considering our own correspondent at Uttoxeter says that Mudahim was "easily beaten by Lord Gyllene, which trotted up".

Coincidentally, Mike Kerr-Dineen, chief executive of Credit Lyonnais Laing Securities, had his own horse Polydamas running in the Newbury Tote Gold Trophy. "It came third at eight to one, which is very good considering it's never been over hurdles before," says Mr Kerr-Dineen.

He and his Laing & Cruickshank colleague, the Earl of De La Warr, own another horse, Poteen, which they hope will do well in the 2,000 Guineas later this year.

On a more prosaic note, Mr Kerr-Dineen has just poached another private client investment manager from Quilter Goodison, David Malpas. Eighteen months ago Laing & Cruickshank Investment Management nicked Quilters' star team of private client investment managers, Nigel Lloyd, Richard Legg and John Nicholas.

Mr Kerr-Dineen says the latest signing is especially impressive as Mr Malpas, 35, has been with Quilters for 12 years, and his father Peter Malpas was also an old Quilters hand.

The bankruptcy brigade at accountants Price Waterhouse are preening themselves this year after their trainee receivers did well in the latest joint insolvency examination: "All nine of the firm's first-time candidates passed - contrasting starkly with the national average pass rate of 31 per cent."

The corporate gravediggers are also proud to announce that in the last three years PW candidates have won five of the nine available prizes. What they neglect to add is that two of those have been Price Waterhouse prizes. Question: Is this a conflict of interest? Discuss.

To the Brewery, Chiswell Street, London, to a lunch celebrating the "130th Anniversary Challenge; NEC Harlequins vs Auckland Blues". This was one of those events where you take particular care that you don't spill your wine on anyone such as Jason Leonard, the gargantuan captain of the Quins rugby team, or Sean Fitzpatrick, the even larger captain of Auckland and the All Blacks.

Thankfully, the lunch went off without incident. There was some amusement after the loyal toast to the Queen when some diners urged Will Carling to get up and say something - I can't think why.

The teams will play each other at the Stoop Memorial ground, Twickenham, next Tuesday. The match is sponsored by Reuters, who I hear were considering sponsoring the rugby World Cup in South Africa two years ago. They were defeated by the asking price - a cool pounds 6.5m. A Quins match looks more affordable.

Jan Murray, the man who built the PC World chain of computer superstores before selling out to Dixons four years ago, has become chairman of ITG, one of the UK's leading Internet service providers.

Mr Murray also founded Globe Internet in June 1995, a company which has grown to become the fourth-largest Internet service provider in the UK, with 15,000 subscribers. Last October ITG entered AIM via a reverse takeover of Ballynatray Holdings and Globe Internet.

Now Hugh Laughland is stepping down as chairman of Globe, clearing the way for Mr Murray, who began his career in retailing consumer electronics with the family business, REW. He really hit it big, however, when he set up PC World in 1991.

Suggested Topics
Sport
Thiago Silva pulls Arjen Robben back to concede a penalty
world cup 2014Brazil 0 Netherlands 3: More misery for hosts as Dutch take third place
Sport
Robin van Persie hands his third-place medal to a supporter
Van Persie gives bronze medal to eccentric fan moments after being handed it by Blatter
News
Ian Thorpe had Rio 2016 in his sights
people
Life and Style
Swimsuit, £245, by Agent Provocateur
fashion

Diving in at the deep end is no excuse for shirking the style stakes

PROMOTED VIDEO
News
scienceScientists have developed a material so dark you can't see it...
News
Monkey business: Serkis is the king of the non-human character performance
peopleFirst Gollum, then King Kong - now the actor is swinging through trees in Dawn of the Planet of the Apes
Arts and Entertainment
Blackman: Landscape of children’s literature does not reflect the cultural diversity of young people
booksMalorie Blackman appeals for a better ethnic mix of authors and characters and the illustrator Quentin Blake comes to the rescue
Voices
Mrs Brown's Boy: D'Movie has been a huge commercial success
voicesWhen it comes to national stereotyping, the Irish know it can pay to play up to outsiders' expectations, says DJ Taylor
Arts and Entertainment
Curtain calls: Madani Younis
theatreMadani Younis wants the neighbourhood to follow his work as closely as his audiences do
Life and Style
Douglas McMaster says the food industry is ‘traumatised’
food + drinkSilo in Brighton will have just six staple dishes on the menu every day, including one meat option, one fish, one vegan, and one 'wild card'
Life and Style
Once a month, waistline watcher Suran steps into a 3D body scanner that maps his body shape and records measurements with pinpoint accuracy
techFrom heart rates to happiness, there is little this fast-growing, self-tracking community won't monitor
News
ebookA unique anthology of reporting and analysis of a crucial period of history
Sport
Mario Balotelli, Divock Origi, Loic Remy, Wilfried Bony and Karim Benzema
transfersBony, Benzema and the other transfer targets
News
Soft power: Matthew Barzun
peopleThe US Ambassador to London, Matthew Barzun, holds 'jeans and beer' gigs at his official residence. He says it's all part of the job
Sport
Joe Root and James Anderson celebrate their record-beaking partnership
cricketEngland's last-wicket stand against India rewrites the history books
News
Gavin Maxwell in Sandaig with one of his pet otters
peopleWas the otter man the wildlife champion he appeared to be?
News
Rowsell says: 'Wearing wigs is a way of looking normal. I pick a style and colour and stick to it because I don't want to keep wearing different styles'
peopleThe World Champion cyclist Joanna Rowsell on breaking her collarbone, shattering her teeth - and dealing with alopecia
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

Information Security Manager (ISO 27001, Accreditation, ITIL)

£70000 per annum: Harrington Starr: Information Security Manager (ISO 27001, A...

Biztalk - outstanding opportunity

£75000 - £85000 per annum + ex bens: Deerfoot IT Resources Limited: Biztalk Te...

Trade Desk Specialist (FIX, Linux, Windows, Network Security)

£60000 per annum: Harrington Starr: Trade Desk Specialist (FIX, Linux, Windows...

Service Desk Analyst (Windows, Active Directory, ITIL, Reuter)

£35000 per annum: Harrington Starr: Service Desk Analyst (Windows, Active Dire...

Day In a Page

Iraq crisis: How Saudi Arabia helped Isis take over the north of the country

How Saudi Arabia helped Isis take over northern Iraq

A speech by an ex-MI6 boss hints at a plan going back over a decade. In some areas, being Shia is akin to being a Jew in Nazi Germany, says Patrick Cockburn
The evolution of Andy Serkis: First Gollum, then King Kong - now the actor is swinging through the trees in Dawn of the Planet of the Apes

The evolution of Andy Serkis

First Gollum, then King Kong - now the actor is swinging through the trees in Dawn of the Planet of the Apes
You thought 'Benefits Street' was controversial: Follow-up documentary 'Immigrant Street' has got locals worried

You thought 'Benefits Street' was controversial...

Follow-up documentary 'Immigrant Street' has got locals worried
Refugee children from Central America let down by Washington's high ideals

Refugee children let down by Washington's high ideals

Democrats and Republicans refuse to set aside their differences to cope with the influx of desperate Central Americas, says Rupert Cornwell
Children's books are too white, says Laureate

Children's books are too white, says Laureate

Malorie Blackman appeals for a better ethnic mix of authors and characters and the illustrator Quentin Blake comes to the rescue
Blackest is the new black: Scientists have developed a material so dark that you can't see it...

Blackest is the new black

Scientists have developed a material so dark that you can't see it...
Matthew Barzun: America's diplomatic dude

Matthew Barzun: America's diplomatic dude

The US Ambassador to London holds 'jeans and beer' gigs at his official residence – it's all part of the job, he tells Chris Green
Meet the Quantified Selfers: From heart rates to happiness, there is little this fast-growing, self-tracking community won't monitor

Meet the 'Quantified Selfers'

From heart rates to happiness, there is little this fast-growing, self-tracking community won't monitor
Madani Younis: Five-star reviews are just the opening act for British theatre's first non-white artistic director

Five-star reviews are just the opening act for British theatre's first non-white artistic director

Madani Younis wants the neighbourhood to follow his work as closely as his audiences do
Mrs Brown and her boys: are they having a laugh?

Mrs Brown and her boys: are they having a laugh?

When it comes to national stereotyping, the Irish – among others – know it can pay to play up to outsiders' expectations, says DJ Taylor
Gavin Maxwell's bitter legacy: Was the otter man the wildlife champion he appeared to be?

Otter man Gavin Maxwell's bitter legacy

The aristocrat's eccentric devotion to his pets inspired a generation. But our greatest living nature writer believes his legacy has been quite toxic
Joanna Rowsell: The World Champion cyclist on breaking her collarbone, shattering her teeth - and dealing with alopecia

Joanna Rowsell: 'I wear my wig to look normal'

The World Champion cyclist on breaking her collarbone, shattering her teeth - and dealing with alopecia
Bill Granger recipes: Our chef gives raw ingredients a lift with his quick marinades

Bill Granger's quick and delicious marinades

Our chef's marinades are great for weekend barbecuing, but are also a delicious way of injecting flavour into, and breaking the monotony of, weekday meals
Germany vs Argentina World Cup 2014 preview: Why Brazilians don't love their neighbours Argentina any more

Anyone but Argentina – why Brazilians don’t love their neighbours any more

The hosts will be supporting Germany in today's World Cup final, reports Alex Bellos
The Open 2014: Time again to ask that major question - can Lee Westwood win at last?

The Open 2014

Time again to ask that major question - can Lee Westwood win at last?