Financial Times FT.com

B&B faces flak from investors over Cowdery

By Jane Croft and Kate Burgess

Published: June 26 2008 21:06 | Last updated: June 26 2008 22:56

Angry shareholders on Thursday bombarded Bradford & Bingley with calls to express their concern that the bank had refused to open the books to Clive Cowdery, the financial entrepreneur who wants to carry out due diligence for a deal.

Resolution, the company owned by Mr Cowdery, on Thursday claimed that 40 per cent of all institutional investors on B&B’s register were demanding that the bank’s board open its books to Resolution.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this