Ex-BoS boss Burt linked with rescue of Albemarle
A RESCUE of pawnbroker Albemarle & Bond is expected to be completed this week after a deal was struck to save some of its 183 branches and hundreds of jobs.
Administrators from accountancy giant PwC said yesterday that negotiations with a preferred bidder for the sale of the business as a going concern were at an advanced stage.
The update came after a weekend newspaper report said former Bank of Scotland chief executive Sir Peter Burt was poised to buy the majority of the company through his Promethean Investments private equity vehicle.
It is thought that the bid will be backed by US... read more
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