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Non-executive director at housebuilder takes up new role at bank
Bob Davies, a non-executive director of housebuilder Barratt, has been appointed a non-executive director of Northern Rock.
Davies is also a non-executive director of British Energy and chairman of the CBI in the North-east.
He was formerly chief executive of transport group Arriva.
Bank says new mortgage lending was £1bn short of predicted levels
Sources close to the talks between Barratt and its banks have dismissed claims that the group is in danger of breaching its recently negotiated banking covenants as “wide of the mark”.
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