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ITV's Norman blocked from M&B by Lewis

JOE LEWIS, the Tottenham Hotspur owner and billionaire currency trader, has blocked Archie Norman from being appointed as Mitchell &amp; Butlers chairman. <br /><br />Norman, who hit the headlines earlier this month when he was nominated as ITV&rsquo;s new chairman, had been in talks to head up the &pound;1bn pub group, which owns the All Bar One and O&rsquo;Neills brands.<br /><br />But Lewis, a 23 per cent shareholder in M&amp;B, opposed the move, in another sign that the tycoon is causing strife in the boardroom. <br /><br />Lewis opposed M&amp;B&rsquo;s remuneration policy at its annual meeting in January, as well as a proposal to issue new shares, after fears that the board would have diluted his holding if it had been able to issue new shares.<br /><br />M&amp;B is now on the hunt for a new chairman after Drummond Hall threw in the towel just 18 months into the job. The group has seen a massive board shake-up over the past two years, after chief executive Tim Clarke and finance director Karim Naffah both resigned on the back of an ill-fated foray into financial markets, which cost the group around &pound;500m. <br /><br />Lewis, who bought his stake from property mogul Robert Tchenguiz, has two representatives on the board, and analysts are increasingly worried that he has too much control, without making a takeover bid.