NTL boss steps down

No great surprise to see that Barclay Knapp, who headed up NTL, is to leave the commpany. Many people have been amazed to see that he’s lasted a long as he has after the company emerged from bankruptcy in January. He’ll be replaced by current chief operating officer, Simon Duffy.

Sales for the April to June quarter edged slightly higher to £551m, lifted by subscription revenues from 40,000 new customers. Losses for the quarter have been cut by 38% but still stand at £159m ($254m).