MARINE safety equipment group Cosalt said that David Ross has returned to the chairman's role a year after stepping down after stepping down over controversy about breaching regulations over shares.

Mr Ross, the co-founder of Carphone Warehouse, pledged shares he holds in a range of companies as collateral against loans which breached stock market regulations.

He stepped down from the chairmanship of Grimsby-based Cosalt as well as from the board of retailer Carphone Warehouse, and as chairman of transport group......for the full story register now for free or login below...