Pembroke: Britain skates to loos win

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The Independent Online
Britain may not win much at the Winter Olympics in Lillehammer, but we will be providing something besides Torvill and Dean - the toilets. Glenby's Travelling Loos in Oakham, Leicestershire, has landed the contract to supply the portable lavatories for the games, which begin in Norway on 12 February.

Not any old conveniences these. The six trailers that arrived in the mountains this morning boast carpeted floors, Timney Fowler wallpaper and pounds 1,000 worth of sports cartoons on the walls. Attendants will be on hand to offer assistance to 'guests', as the company calls them. Glenby's managing director, Richard Ferrand, whose client list includes Alfred Dunhill, Cartier and last year's Ryder Cup, is delighted. 'As far as I know we're the only British contractor out there.'

Is it all over for Wasserstein Perella? Last year Joseph Perella, who co-founded the boutique with Bruce Wasserstein in 1988, walked out to join Morgan Stanley. Now the co-president, Charles Ward, who left Credit Suisse First Boston with the founding pair to establish the firm, has returned to his old stamping ground. He will jointly head Credit Suisse's global investment banking business.

Wasserstein Perella made its name in the late 1980s but has fared less well since the deals dried up. In Britain it invested dollars 400m in the ill-starred Isosceles group, which took over Gateway. 'Obviously we wanted him to stay,' Michael Biondi, a managing director at Wasserstein Perella, said. 'He is a very close friend of a lot of us.' Not that close, obviously.

Jon Moulton, one of the best-known players in the management buyout game, has suddenly resigned as managing partner of Schroder Ventures. His exit follows a difference of opinion with his Schroders overlords about the future strategy of the business.

Peter Smitham, who takes over the reins, hints that the parent company's desire to develop the international side of the business contradicted Mr Moulton's objectives. Mr Moulton, who spearheaded high-profile buyouts such as Parker Pen and Budge Mining, says he will be 'seeking opportunities elsewhere'. Few expect him to be resting for long.

Move over Mr Motivator and The Jungle Book, PC Plod is on your tail. Or at least he is if you take a look at this week's video charts. The media group Labyrinth is mightily happy with the performance of Police: Stop, its video which has shot straight to number three. The company reckons it could knock the GMTV fitness champion off his pedestal and shift 40,000 copies.

The film is an educational video compiled from on-board police cameras in panda cars and helicopters. It is being snapped up by schools to warn children of the perils of dangerous driving. Clips include the M6 pile-up and a driver on the M25 who overshot a turning, then reversed up the hard shoulder into the path of a coach.

Are the police getting kick-backs? 'I'm not paying them but buying them some video equipment and employing some policemen to help collate archive material,' explains the producer, Bill Rudgard.

(Photograph omitted)

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