Tuesday, 16 March 2010

Punters pray to St Paddy

A decent start to the Cheltenham Festival for the bookmakers with the defeat of odds-on favourite Dunguib in the first (Paddy Power had a liability of £4m alone on the supposed "banker of the week").
Still, elsewhere I hear that William Hill has been busy schmoozing investors to float the idea of another bond issue later this year - in order to refinance its debt (again) and extend maturities.
And who was conducting this City charm offensive? Er, none other than departing finance chief Simon Lane. Should an outgoing CFO really be allowed to present to the City, I hear you ask? The answer, in Cheltenham week, seems to be "yes".

1 comment:

dan.sabbagh said...

Quality work Slackbelly, how's your own efforts at Cheltenham going. You doing as well as the bookies??