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McCarthy & Stone boss John Tonkiss turns to drink

Retirement housebuilder McCarthy & Stone is set to unveil a host of modernising efforts this week, including the launch of a wine club for residents and online GP appointments, as its new boss seeks to revive the business.

The FTSE 250 company will reveal half-year results on Wednesday, with chief executive John Tonkiss hoping to show his recovery plan is working after pre-tax profits slumped by more than a third to £58m last year.

Tonkiss, 51, who was previously chief operating officer of the student accommodation provider Unite, has been trying to make retirement living more attractive.

Click here for the full Sunday Times article (£)

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