B&B shareholders face compensation wait until June 2010

Peter Clokey, valuer at PricewaterhouseCoopers, who was instructed in June 2009 to value B&B, told a meeting of shareholders in London on Saturday he would issue his ruling within a year of his appointment. Clokey, who will value B&B at the time of its nationalisation without taking into consideration any taxpayer assistance, told the meeting he wanted to receive submissions from ordinary shareholders. On 29 September 2008, all shares in B&B were transferred to the Treasury and it is estimated 930,000 shareholders have a possible claim. The Friday before it was nationalised, the value...