The accountant, who is now working as an unpaid adviser for Swiftrail UK, has been put in charge of building a team, backed by German bankers WestLB, that could take on the ailing infrastructure company, possibly while it is still in administration.
The move came as it became increasingly likely that Railtrack’s chief executive Steve Marshall, as well as chairman John Robinson and finance director David Harding, will stand down from the board of Railtrack plc.
Railtrack’s engineering director Richard Middleton looks set to take over from Marshall, and John Prideaux, the former boss of InterCity, is tipped to become chairman. Sebastian Bull, Railtrack’s project finance director is being lined up to replace Harding.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements