Mr Martin Landau - apology

In the item "Gowrie gets his teeth into the property world" in the City Diary on 26 October we referred to Mr Martin Landau, the Deputy Chairman of Development Securities Plc.

We regret the item's suggestion that Mr Landau was to blame for the loss which the Church Commissioners suffered in connection with a speculative development in Kent. We now accept that the suggestion was untrue and we apologise to Mr Landau.