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
ebooksAn unforgettable anthology of contemporary reportage
Life and Style

Board creates magnetic field to achieve lift

There have been various incidents of social media users inadvertently flouting the law

Life and Style
Stack ‘em high?: quantity doesn’t always trump quality, as Friends of the Earth can testify
techThe proliferation of online petitions allows us to register our protests at the touch of a button. But do they change anything?
Bourgogne wine maker Laboure-Roi vice president Thibault Garin (L) offers the company's 2013 Beaujolais Nouveau wine to the guest in the wine spa at the Hakone Yunessun spa resort facilities in Hakone town, Kanagawa prefecture, some 100-kilometre west of Tokyo
CSKA Moscow celebrate after equalising with a late penalty
footballCSKA Moscow 2 Manchester City 2: Premier League champions let two goal lead slip in Russia
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

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

iJobs Job Widget
iJobs Money & Business

Helpdesk Analyst

£23000 per annum + pension and 22 days holiday: Ashdown Group: An established ...

Senior Helpdesk Analyst / Service Desk Co-ordinator

£27000 per annum + pension, 22 days holiday: Ashdown Group: An established ind...

Senior Pensions Administrator

£23000 - £26000 Per Annum: Clearwater People Solutions Ltd: Our client is curr...

Corporate Actions Administrator / Operations Administrator

£25 - 30k: Guru Careers: A Corporate Actions Administrator / Operations Admini...

Day In a Page

Indiana serial killer? Man arrested for murdering teenage prostitute confesses to six other murders - and police fear there could be many more

A new American serial killer?

Police fear man arrested for murder of teen prostitute could be responsible for killing spree dating back 20 years
Sweetie, the fake 10-year-old girl designed to catch online predators, claims her first scalp

Sting to trap paedophiles may not carry weight in UK courts

Computer image of ‘Sweetie’ represented entrapment, experts say
Fukushima nuclear crisis: Evacuees still stuck in cramped emergency housing three years on - and may never return home

Return to Fukushima – a land they will never call home again

Evacuees still stuck in cramped emergency housing three years on from nuclear disaster
Wildlife Photographer of the Year: Intimate image of resting lions claims top prize

Wildlife Photographer of the Year

Intimate image of resting lions claims top prize
Online petitions: Sign here to change the world

Want to change the world? Just sign here

The proliferation of online petitions allows us to register our protests at the touch of a button. But do they change anything?
Ed Sheeran hits back after being labelled too boring to headline festivals

'You need me, I don’t need you'

Ed Sheeran hits back after being labelled too boring to headline festivals
How to Get Away with Murder: Shonda Rhimes reinvents the legal drama

How to Get Away with Murder

Shonda Rhimes reinvents the legal drama
A cup of tea is every worker's right

Hard to swallow

Three hospitals in Leicester have banned their staff from drinking tea and coffee in public areas. Christopher Hirst explains why he thinks that a cuppa is every worker's right
Which animals are nearly extinct?

Which animals are nearly extinct?

Conservationists in Kenya are in mourning after the death of a white northern rhino, which has left the species with a single male. These are the other species on the brink
12 best children's shoes

Perfect for leaf-kicking: 12 best children's shoes

Find footwear perfect to keep kids' feet protected this autumn
Anderlecht vs Arsenal: Gunners' ray of light Aaron Ramsey shines again

Arsenal’s ray of light ready to shine again

Aaron Ramsey’s injury record has prompted a club investigation. For now, the midfielder is just happy to be fit to face Anderlecht in the Champions League
Comment: David Moyes' show of sensitivity thrown back in his face by former Manchester United manager Sir Alex Ferguson

Moyes’ show of sensitivity thrown back in his face... by Ferguson

Manchester United legend tramples on successor who resisted criticising his inheritance
Two super-sized ships have cruised into British waters, but how big can these behemoths get?

Super-sized ships: How big can they get?

Two of the largest vessels in the world cruised into UK waters last week
British doctors on brink of 'cure' for paralysis with spinal cord treatment

British doctors on brink of cure for paralysis

Sufferers can now be offered the possibility of cure thanks to a revolutionary implant of regenerative cells
Ranked seventh in world’s best tourist cities - not London, or Edinburgh, but Salisbury

Lonely Planet’s Best in Travel 2015

UK city beats Vienna, Paris and New York to be ranked seventh in world’s best tourist destinations - but it's not London