ROBERT Peston must be quaking in his well-oiled boots.<br /><br />The media rumour mill has been going into overdrive over the past few days as industry veterans gossiped about Sky News launching a bid to up the stakes in its rivalry with the BBC by hiring the Sunday Telegraph&rsquo;s Mark Kleinman to be its new City editor.<br /><br />Sky yesterday confirmed the news in a statement, basking in pride at its attempt to upstage the Beeb &ndash; especially after a year in which the latter&rsquo;s business editor Peston shot to fame breaking stories like the Northern Rock debacle and the tie-up between Lloyds and HBOS.<br /><br />Pesto himself, you may remember, also joined the world of television from the Telegraph group, and it does rather seem that the dapper Kleinman might give him a run for his money when he gets behind the camera, what with his impressive scoop record, chiselled features and all.<br /><br />&ldquo;Mark is a first-rate journalist and I&rsquo;m sure he&rsquo;ll do exceedingly well,&rdquo; says Pesto, never one to show his nerves. &ldquo;I&rsquo;m a great believer in general that the more competition there is out there, the better. Sky are very lucky to have him.&rdquo;<br /><strong><br />ON THE WARPATH</strong><br />Legal and General chairman Sir Rob Margetts may have received plaudits for his remuneration policy from investors at yesterday&rsquo;s general meeting, but it didn&rsquo;t stop the more elderly of the firm&rsquo;s shareholders holding back from airing their grievances.<br /><br />While some of the veteran shareholders snored happily at the back of the hall, another policyholder patiently stood up to enquire why she had encountered a multitude of problems trying to buy shares &ndash; phoning up numerous times, only to be cut off, put on hold and directed unhelpfully elsewhere, before sending a letter that was ultimately ignored.<br /><br />&ldquo;You tried to do business with us and we failed,&rdquo; Margetts admitted, with a touch of contrition that did not have the desired placatory effect.<br /><br />&ldquo;Sorry is such an unfamiliar word for chairmen these days!&rdquo; roared a fellow shareholder from the back of the hall. &ldquo;You should say you are profoundly sorry!&rdquo;<br /><br />To which Margetts, stuttering, apologised profusely. There&rsquo;s no stopping these shareholders once they get on the warpath, is there?<br /><br /><strong>SOUND OF MUSIC</strong><br />Companies mulling over relaxing their corporate hospitality crackdown to take a trip to Kempton Park over the summer should take note: there&rsquo;s history in the making.<br /><br />The Surrey racecourse &ndash; frequented by the likes of KPMG, Citigroup and Allen and Overy for their business jaunts &ndash; has decided to pull a novel stunt for this year&rsquo;s Best of British gala racing evening on 8 July. It&rsquo;s bringing in a load of musicians from the Royal Philharmonic Orchestra to serenade the horses with the William Tell Overture as they pound down the track &ndash; in the wild hope that the melody will affect the emotional state of the animals and motivate them to up the pace.<br /><br />The Capitalist isn&rsquo;t convinced by that particular piece of hare-brained logic, though at least it&rsquo;ll make the evening more pleasant for the punters.<br /><br /><strong>SINGING SENSATION</strong><br />Speaking of musical shenanigans, I hear that many a City singer has been polishing up the old vocal chords over recent weeks, practicing for a concert in which choirs from various firms will be belting out the classics (if such a phrase is not too irreverent) alongside children from their local partner schools.<br /><br />The City Sings, to be held at the Barbican on 8 June, will feature choirs from Deloitte, Morgan Stanley, UBS and PricewaterhouseCoopers, among others, and will feature Baroque works by Handel and Purcell.<br /><br /><strong>SPLIT LOYALTIES</strong><br />What is it about football that can bring even the oldest of friends to loggerheads with each other?<br /><br />Cheeky BGC Partners commentator David Buik ruffled a few feathers in the City yesterday as he sent out a round-robin missive setting out his footballing loyalties.<br /><br />&ldquo;Much as I like Mark Brumby of Blue Oar &ndash; an avid Hull City fan &ndash; I am so disappointed that the Tigers survived!&rdquo; he began. &ldquo;Hull was indisputably the worst side in the Premiership, without a doubt and manager Phil Brown is very &lsquo;gobby&rsquo; for a man of very average talent, without the slightest hint of humility! Roll on 2010! Hull should be ready for the inevitable drop!&rdquo;<br /><br />The dignified Brumby&rsquo;s only response was a miffed &ldquo;Ouch!&rdquo;, though a few enquiries revealed that Buik, a staunch supporter of Fulham, was simply still hurting from a couple of trouncings his team received at the hands of Hull this season. Peace reigns again.