Telewest appoint finance director

Telewest has appointed a finance director to guide the indebted cable group through an imminent financial restructuring.
Mark Luiz, the company's chief operating officer, will take over the role vacated by Charles Burdick, who quit as finance chief last month to take overall charge of the group.
Mr Luiz has been running Telewest's cost reduction programme, which included the axing of 1,500 jobs earlier this year.
As well as keeping down costs, he will oversee the operational side of the business, such as sales and customer care, while Mr Burdick, managing director of the group, negotiates an overhaul of Telewest's debt-laden balance sheet.
Telewest owes £5.3bn and yesterday received clearance from its bank lenders to open talks with bondholders, who are owed £3.6bn and are expected to swap their debts for shares.
(GB)