Low-frills airline Easyjet has announced that its chairman, Sir Mike Rake, will stand down this summer.

BBC: Sir Michael Rake

Among Barclays existing non-executive directors, the leading candidate is thought to be Sir Mike Rake, who is currently chairman of BT.

BBC: With Agius's exit from Barclays, will Diamond stay?

The review will be conducted by what Mr Agius calls an "independent third party" who will report to Sir Mike Rake and the bank's non executives.

BBC: Barclays launches 'root and branch review'

Interestingly Sir Mike Rake - the chairman of BT - has been appointed deputy chairman of Barclays, which many will see as the strongest possible signal that the board wants him to succeed Mr Agius as chairman.

BBC: Barclays launches 'root and branch review'

Oh, and by the way, it is clear to me that Barclays has concluded - following the decision last Thursday of its deputy chairman Sir Mike Rake to notify his colleagues that he no longer wishes to be considered for the chairman's job - that both the role of chairman and chief executive will be filled by outsiders.

BBC: Barclays: Winters and O��Donnell tipped for top jobs

Indian representative Jagmohan Dalmiya, meanwhile, is expected to rake up the Mike Denness affair.

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