ALEX BRUMMER: Acting as clean-up crew at Barratt is a task John Allan probably could have done without
John Allan, chairman of Barratt Developments, is becoming something of a legal eagle. The former Deutsche Post finance director and Dixons top honcho was parachuted into the chairman’s seat at Tesco in 2015 after the hurried departures of Phil Clarke and Sir Richard Broadbent. This followed the discovery of a £263m black hole in Tesco’s accounts.
Subsequently, three former Tesco executives have been arrested on fraud charges amid an ongoing Serious Fraud Office inquiry. Now it has all started to go horribly wrong at Britain’s biggest volume housebuilder Barratt.
A regulatory announcement... read more
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