Interim Managing Director For Kwik-Fit

In light of questions from bidders about the influence of Sir Tom Farmer on the bidding for Kwik-Fit, Sir Tom and two other directors of the business are taking leave of absence during the expected sale of the fast fit chain. Sir Tom has been named as a possible buyer and is rumoured to be backed by HBOS and the Royal Bank of Scotland. One of the potential bidders for the business which employs 11,500 people at 2,400 outlets, is Deutsche Bank’s venture capital division.