Tomkins sells jets and flats.

Tomkins, the UK conglomerate, has revealed that following a report by Ernst & Young it will sell off the company flats and jets which were at the centre of allegations of corporate excess after Greg Hutchings resigned from the company in September last year. Writing to shareholders, David Newlands, the new chairman of Tomkins, said any remaining personnel not wholly engaged on the affairs of the company had been removed from the payroll.

Full story /Business/1115769.

Related reading