Keep on Rockin’

Speculating on the future of Northern Rock in a recent issue of Financial World, John Goodfellow (pictured) wrote that as chief executive of Skipton Building Society he may be interested in the bank if it is not to be returned to the public listed sector.

“Other ownership forms should be considered,” he added, suggesting that continental Europe offers several strong business models.

He said: “A business is well managed because of the management team, not because of its size or the ownership structure,” but that was ahead of the news that The Derbyshire and The Cheshire were heading south to Nationwide at Swindon.

“There’s plenty of scope for non-plc forms of ownership,” he maintained.