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Iberdrola chief determined to repel boarders

Ignacio Sanchez Galan, the combative chairman of ScottishPower-owner Iberdrola, yesterday fired a new broadside across the bows of his potential enemies and, at the same time, unveiled a 42% surge in net profits to bolster his armoury.

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MARK SMITH, Deputy Business Editor

Ignacio Sanchez Galan, the combative chairman of ScottishPower-owner Iberdrola, yesterday fired a new broadside across the bows of his potential enemies and, at the same time, unveiled a 42% surge in net profits to bolster his armoury.