There were two scratches in race 8, which reduced the field from 9 horses to 7.

His head... his head... his face... it wisnae there. Nae black curly hair, nae eyes - I've never seen eyes sae blue as Joe's. Irises blue as yon sky. Blown tae smithereens... his gorgeous, bonny head, no there.

But with GSM players lobbying hard for more spectrum, taking MVNOs on board now would be hara-kiri.

“Cheap volatile assets with a huge upside are precisely the kinds of optionlike investments that clever zombie managers are energetically looking for,” he said.