Shock as Boots chief steps down

Health and beauty chain Alliance Boots has announced the shock resignation of boss Andy Hornby after less than two years in the role.

Mr Hornby, who gained notoriety as the head of Halifax Bank of Scotland before its near-collapse and rescue by Lloyds TSB, has stepped down with immediate effect, according to the firm.

He said his decision follows “an intense last five years” and said he would take a few months break.

Boots executive chairman Stefano Pessina will take on his role while the firm searches for a replacement.