Readers curious about Martin Belsham's new job after departing Blue Square as CEO had their answer in the London business press this week. Belsham has rejoined City Index as chief executive, a post he held from 1998 to 2002.

He replaces Clive Cooke, who becomes deputy chairman of the company.

Belsham founded Blue Square, which he sold to Rank plc in 2003 for GBP65 million in October last year, remaining as CEO until recently.