Monday 17 February 2014

Triumph of Horlick Over Experience

One of the reasons this blog exists (aside from the opinionated proclivities of its scribes) is the lousy job the MSM business correspondents do, with only a very few honourable exceptions.  In particular, it's the uncritical way they swallow press-releases - and of course lunch - allied to the need to keep advertisers sweet.  And we would certainly never fall for that, dear me no.

Might we somehow expect the Grauniad also to be a bit different ?**  As we turn to the Saturday money pages to make an assessment, who is this smiling enigmatically out of a 1-foot square, full-colour photo-spread but Nicola Horlick!
Next month, City "superwoman" Nicola Horlick (right) will ... launch a peer-to-peer website called Money & Co. Like many of the new sites it will allow people to lend money to small and medium-sized enterprises and enjoy returns which she estimates could initially average 8% gross ... the mother of six, whose business ventures already encompass the worlds of investment, movies and restaurants, told Guardian Money that out of all the things she has done in her career, "this is one of the most exciting.  I would expect us to be one of the winners … Our system is built to be global." 
Ah yes.  This would be the same Horlick whose superwoman powers and all-round creative financial genius saw her entrusting previous clients' money to Bernie Madoff.   Not sure what that tells us about her 'estimates' and 'expectations' ...

Still, I expect the new press pack was beautifully presented, and she bought the hungry hacks some very nice lunch.


** only joking, of course - see this from 6 years ago


Anonymous said...

Would that be the same Nicola Horlick whose bistro in Barnes had to close after just 18 months and blamed it on stay at home mothers?

CityUnslicker said...

that would be the one, yes.

James Higham said...

Might we somehow expect the Grauniad also to be a bit different ?**

Have we ever?