Friday’s top management shake-up at Regent Inns is likely to fuel speculation of a bid for the company.
The Financial Times says this could possibly come from Stephen Haupt, chief executive and Simon Rowe, finance director, who both resigned with immediate effect on Friday.
Arbuthnot said the writing had been on the wall for the two men given the trading history, and a takeover of the company was a distinct possibility.
Regent said next Tuesday’s interim results would be in line with expectations.
Financial Times (Money & Business) 11/09/04 page 2
The Times 11/09/04 page 54, page 55 (Need to know)
The Daily Telegraph 11/09/04 page 31
