Bonus funds for spinal research

Published: 7:15PM GMT 06 March 2010

Hard to find a great word to contend about investment bankers and their ilk, but let"s give it a go.

While the leaders of the big five UK banks were stuffing the newspapers with their grand gestures on bonuses (and tucking sum of �800,000 "allowances" on p328 their annual reports, eh HSBC?) one banker has been most some-more discreet.

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According to a note in the Cenkos annual report, Andy Stewart, the owners and vital shareholder of the broker, is to give his �250,000 reward to charity, in sole spinal damage organisations.

As a little might remember, the racing insane financier"s son, Paul, suffered serious spinal injuries in a snowboarding collision in 2008.

He was told he would never travel again, but by diagnosis at a Miami sanatorium is right away behind on his feet, despite with a on foot stick.

So no bitch from Stewart Snr about his reward donation, but I assimilate there might be some-more difference pronounced about the subsequent concession he"s planning.

The Cenkos trainer tells me he is sponsoring the initial competition at this month"s Cheltenham Festival, the Spinal Research Supreme Novice Hurdle.

The winning owners will get a coupon for �100,000 from Stewart with a message. Why not present the income to spinal research?

We await the answer with interest.

EX-BP trainer is one step beyond

Not easy creation income in publishing, unless you"re the glorious indication before well well known as Jordan or Jeffrey Archer. Still, ex-BP trainer Lord Browne is giving it go. He tells me his book Beyond Business is right away onto the third imitation run. Unfortunately he doesn"t know how most copies have been sole as his publishers haven"t told him. I additionally sense he is bustling essay his second book. He won"t be drawn on the sum or the title. So for the impulse let"s call it Beyond Beyond Business.

Getting to the art of the matter

Spotted TV skill pundit and financier Jasmine Harman at Sincura Arts Exhibition last week. Does this meant the skill consultant is seeking to move from bricks and trebuchet to paints and canvasses? If so, it could spell bad headlines for the skill market. The Tchenguiz brothers Vincent and Robert"s bits with Icelandic authorities over billions of pounds solidified in the county"s promissory note complement are branch in to the things of legend.

The bank Kaupthing has launched multi-million bruise claims opposite a association once owned by Robert Tchenguiz, whilst the brothers are claiming Kaupthing owes them �2bn.

Where all this ends up who knows. But I can discuss it you where it started. Vincent Tchenguiz once antiquated Dorrit Moussaieff, who is right away improved well well known as the mother of Icelandic President Ólafur Ragnar Grímsson. And, as I assimilate it, one of the people who initial introduced the Tchenguiz brothers to the joys of Icelandic finance.