People and; Business: Nice Gucci outfit for sale

WHEN Paolo Gucci, flamboyant member of the Italian fashion dynasty, died recently, he was still bankrupt, having divorced his wife and suffered financial ruin three years ago. Now Mr Gucci's American -appointed trustee in bankruptcy, Frank Sinatra (apparently, Sinatra is a common name in New York Italian circles), is using a British accountant David Coyne of Buchler Phillips to sell the Gucci country house and stud farm in Sussex, Millfield Farm.

Anyway, the farm made big news recently following Mr Gucci's death, since the horses in the stud farm had no one to look after them, and eventually had to be rescued by the RSPCA.

Interestingly, Mr Coyne was appointed to sell Millfield Farm by Judge Ferris, the same judge who criticised Buchler Phillips for charging more than it recovered for creditors from the estate of the late Robert Maxwell. Nice to know there is forgiveness in the Royal Courts of Justice.

NOW THAT the Queen has opened the Financial Services Authority's new head office in Canary Wharf, London, the pressure is on to complete the regulator's senior appointments. Yesterday The Treasury named another four non-executive directors to the board, and a deputy to Howard Davies, the FSA's chairman, will be unveiled "any day now".

One of the four appointees, Gill Knott, is about to step down as chief executive of Proshare after five years at the helm.

Under her leadership the non-profit body has grown the number of investment clubs in the UK from about 300 18 months ago to over 3,000 today, in its campaign to educate the public about share ownership.

Ms Knott says she fought off between 400 and 600 other applicants for the FSA job. Is she looking forward to working in London's Docklands, I ask?

"Yes, that's fine," she laughs. "Its so important for UK Plc and the community at large that the FSA gets it right - there's a real lack of public confidence in financial services at the moment."

The other three joining the board are Moira Black, chairman of the Riverside Community Health Care NHS Trust, Shamit Saggar, a senior lecturer in government at Queen Mary & Westfield College, University of London, and Keith Whitson, group chief executive of HSBC.

STEVE MELCHER faces one of the biggest challenges of his career - as the newly appointed general manager for Sun Life of Canada in the UK.

The American educated Brit was chief executive of Allied Dunbar and Eagle Star before leaving BAT last year, ahead of their merger with Zurich.

Mr Melcher has now resurfaced at SLoC on an undisclosed package. He is joining a company which suffered its first ever world-wide loss this year. SLoC had to set aside over pounds 300m against pensions mis-selling and annuity guarantees problems, and was fined pounds 600,000 by the Personal Investment Authority for failings in its treatment of pension mis-selling.

All this and they're planning to demutualise next year, a move which will value SLoC at pounds 2-pounds 3bn. The company's 200,000 UK policyholders are looking forward to windfalls of pounds 1,000 each. Whatever happens, Mr Melcher won't be bored.

TONY ABBOTTS, a project manager with International Mining Consultants (IMC), has won the British Consultant of the Year award for helping to build Egypt's first underground coal mine.

The UK's Department for International Development (DFID) lent pounds 50m to Egypt for the project, much of which has flowed back in the form of orders for mining equipment. The mine at Maghara is the only underground coal mine in the Middle East, so the Egyptians had to start from scratch, as it were.

FACT OF the day: The UK's per capita consumption of petrol is the highest in Europe at 597 kilograms in 1997.

The global analysts Euromonitor say we use a total of 35 million tonnes, second only to Germany's 38.2 million. No one else comes close - Italy is third with 17.7 million, while Ireland and Norway use an ozone-friendly 1.5 million.


Actress sees off speculation about her appearance in an amazing way

Arts and Entertainment
Serge Pizzorno of Kasabian and Noel Fielding backstage at the Teenage Cancer Trust concerts
musicKasabian and Noel Fielding attack 'boring' musicians
Arts and Entertainment
Julianne Moore and Ellen Page are starring together in civil rights drama Freeheld
'Irritatingly Disneyfied': fashion vlogger Zoella
voicesVicky Chandler: Zoella shows us that feminism can come in all forms
ebooksAn unforgettable anthology of contemporary reportage
nflAtlanta Falcons can't count and don't know what the UK looks like
Arts and Entertainment
High notes, flat performance: Jake Bugg

Review: Despite an uphill climb to see Jake Bugg in action, his performance is notably flat

The Putin automaton will go on sale next month in Germany
videoMusical Putin toy showing him annexing Crimea could sell for millions

Powerful images of strays taken moments before being put down

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

Trainee Recruitment Consultant - Birmingham - Real Staffing

£18000 - £23000 per annum + Commission: SThree: The SThree group is a world le...

Trainee Recruitment Consultant Birmingham

£18000 - £23000 per annum + Comission: SThree: The SThree group is a world lea...

Trainee Recruitment Consultants

£20000 - £25000 per annum + OTE £Competitive: SThree: SThree Group and have be...

Helpdesk Analyst

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

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