When Sir Alan Sugar set up Amstrad selling car aerials nearly 40 years ago there was no television programme to encourage budding entrepreneurs. Britain was locked in an era of corporatism in which the conventional aspiration was to work for a multinational such as Shell or to be a civil servant. In fact, the two
The hills are alive with the sound of golf balls. The hills in question are the highest in the world: the Himalayas. And golf is the new buzzword in Nepal. A global sport, golf attracts high-net-worth tourists, especially from South Korea and China, which have recently begun direct flights to Kathmandu’s Tribhuvan Airport. That’s good
I was sitting in a train recently, wondering why everyone’s mobile telephone conversations, except my own, were so utterly banal, when a young black man sitting two rows behind me answered the irritating wail of his instrument of the devil. He began to speak, and I wished that I had learnt shorthand. ‘Hancock’s definitely put
One of the many things which makes me love Edward Elgar is that both the man and his music are so tremendously unfashionable. No wonder tax-funded quangos set up to ‘promote culture’, and run by New Labour bureaucrats, are refusing to mark his 150th birthday. He does not correspond with their criteria of approval at
The City summer party season has begun. I kicked it off with a fifth-anniversary party for Neptune Investment Management last Thursday. I like Neptune: they’ve got good funds and a good business, and offering drinks after hours at the Wallace Collection is clearly a fine way to win fans. But the party had one faintly
A Martian called Zog visits Earth to see what it can offer in the way of the latest investment funds. He meets an independent financial adviser called Charlie who asks him what kind of investment he’s looking for. ‘I’ve been reading about funds of funds,’ says Zog. ‘They sound good. You get access to a
‘The customer is always right,’ said the 19th-century American retail pioneer Marshall Field — and shoppers at his Chicago store became so enamoured of their omnipotence, and of his assistants’ assistance, that they spent enough to make him the wealthiest businessman in the city. His retail innovations — unconditional refunds and consistent pricing — soon
Waiting for the bursting of the Chinese share bubble is like waiting for an avalanche. You can hear the rumbling but you have no idea when and where it will strike. Among the most bemused of those waiting to find out are the Chinese authorities — torn between pride in the prowess of their markets
I have long been a fan of Patak’s, the Lancashire-based Indian sauce-and-pickle empire that was acquired last week by Associated British Foods for an undisclosed price thought to be somewhere north of £100 million. The business that now sells 30 million jars of curry sauce a year and supplies three quarters of Britain’s Indian restaurants
Not hell, but drunkenness, is other people. This insight was vouchsafed me in the London Underground the other evening. I had just passed a notice from the Mayor of London warning passengers to be careful after a few drinks. In the previous year, it said, two people had been killed and hundreds injured after a
I studied with interest the recent photo of Prince William and Prince Harry attending a military occasion in mufti. For officers in the Foot Guards and the Household Cavalry, the sartorial drill is, or used to be, strict. Here is my report on the two young men. Bowlers: all right but nothing spectacular. Harry’s better
When Lazard presented its results at the start of May, you might have expected the investment bank’s smooth-talking chairman Bruce Wasserstein to have been in upbeat mood. After all, Wasserstein trades on his reputation as the greatest mergers and acquisitions banker of all time. Lazard likes to think of itself as the finest M&A house
No official visit to China’s capital is complete these days without paying homage at a large and rather shabby building in the sprawling northern suburb of Haidian. The Beijing Olympic Tower is the nerve-centre of a seven-year, $48 billion project that has the potential to define China’s rapid ascent to economic superpowerdom — or to
Imagine coming across a book that has lain untouched for 100 years, and making an unexpected historical discovery. Ed Maggs, an antiquarian bookseller, had just such a thrill recently. ‘I was reading the epistolary diaries of a rather eccentric Victorian called Cuthbert Bede. I became strangely fixated by the story of this man who was
The Daily Telegraph estimated last month that roughly a third of the bosses of FTSE 100 companies use a personal coach — ‘and not the guy who tells them to do more press-ups in the company gym’. But you would be hard-pressed to find a newspaper feature anytime soon in which any of those business
Driving through the pretty towns of Speyside, as I did last week, it’s hard to believe you’re at the centre of a booming global industry. As the road follows the course of the river into the Highlands, you can spot the chimneys of the distilleries every few miles. But they’re mostly small-scale and they still
Shortly after the death of John Paul II in 2005, the wise and amiable Father Dominic Milroy, former prior of the Benedictine college in Rome, leant across a dinner table and said, ‘Martin, you’d make a good candidate for Pope.’ ‘But father,’ I protested, ‘I’m not even a Catholic.’ ‘Oh don’t worry,’ he responded, ‘We
That fierce neighbouring cat, which has killed or scared off our mice, has not yet destroyed our robin. Cats do not enjoy eating robins. If they do so by mistake, they vomit. But that does not stop them attacking the birds for sport. We think of robins as very tame, and they are — in
Richard Orange says London’s traditional dominance of global dealing in uncut stones is under threat from new players based in India, China and Dubai ‘How does it feel to hold $9 million in the palm of your hand?’ One of the world’s leading diamond buyers, Rajiv Mehta, watches intently for my reaction to this question:
‘Interests: travel, cinema, country walks, volleyball, volunteering at the pet-rescue centre…’ Why do CVs make job applicants sound like contestants in the Miss Cleethorpes beauty pageant, or desperate divorcees on dating websites? It’s possibly because job hunters now believe ‘personality’ is what wins over potential employers, and many applicants are prepared to lie about themselves