Leighton Could Step Down

Last updated : 02 December 2003 By Kevin Markey
Leighton last month offered to inject fresh capital but plc legislation insists that shareholder approval must be sought if a director wishes to invest in his own company.

That could take up to three weeks to secure and it has emerged that Leeds cannot afford to wait that long to bring in some cash.

Leighton has told chief executive Trevor Birch that he will step down if that frees up the money.