15 FEBRUARY 1997, page 21

City And Suburban

The pound now buys a matchless opportunity to make the same mistake twice CHRISTOPHER FILDES T he pound is now so strong — well, everything is relative — that if it gets any......

Salvage At Lloyd's

YOU can go to sea in a sieve, like the Jum- blies, or you can join the wrong syndicate at Lloyd's of London. The luckless members of Lloyd's watched as the water rushed in, and......

Millionaires' Row

THIS week's assertion that one in every 550 of us is a millionaire goes to show what statistical definition can do. A friend of mine who was the business partner of a minister......

Going Down The Drain

THIS week opened with the nation's sim- plest train set out of order, to nobody's sur- prise, least of all its users'. The set has two stations, one at each end. They are con-......

First Class, City Style

WE should be following the first rule of takeover finance: you can afford to pay a premium for something that is badly man- aged. We shall teach our railway to discard the......

Framed

IT is a bit rough on Sotheby's to put them in the frame just because some nondescript picture has wandered out of Italy, as pic- tures always have. The same sort of thing......