Max Power Posted December 21, 2019 Share Posted December 21, 2019 So, here we are taking back control and one of the first acts after the election, selling off a major British company to Trump's USA. When they take those 10,000 jobs to the states, along with all of the sensitive technology, we will be another step closer to being a nobody in the industrial world! https://www.bbc.co.uk/news/business-50874181?SThisFB&fbclid=IwAR3tJ5uEgCfsvnG-hKreNPWWMwVMzXyUmksivUtJIy0YrndbCY40g2diLNE Link to comment Share on other sites More sharing options...
TheTeapot Posted December 21, 2019 Share Posted December 21, 2019 Its what you all voted for. Link to comment Share on other sites More sharing options...
Rog Posted December 21, 2019 Share Posted December 21, 2019 It was well under way early this year. Link to comment Share on other sites More sharing options...
Max Power Posted December 21, 2019 Author Share Posted December 21, 2019 15 minutes ago, Rog said: It was well under way early this year. Yes, but they had blocked it, until 10pm last night! Link to comment Share on other sites More sharing options...
Rog Posted December 21, 2019 Share Posted December 21, 2019 12 minutes ago, Max Power said: Yes, but they had blocked it, until 10pm last night! Obviously. Otherwise knowledge of it would have been misused. Link to comment Share on other sites More sharing options...
Rog Posted December 21, 2019 Share Posted December 21, 2019 1 hour ago, Max Power said: So, here we are taking back control and one of the first acts after the election, selling off a major British company to Trump's USA. When they take those 10,000 jobs to the states, along with all of the sensitive technology, we will be another step closer to being a nobody in the industrial world! https://www.bbc.co.uk/news/business-50874181?SThisFB&fbclid=IwAR3tJ5uEgCfsvnG-hKreNPWWMwVMzXyUmksivUtJIy0YrndbCY40g2diLNE Hardly a major British business. Link to comment Share on other sites More sharing options...
P.K. Posted December 21, 2019 Share Posted December 21, 2019 2 minutes ago, Rog said: Obviously. Otherwise knowledge of it would have been misused. What, like telling the truth during an election campaign? Heaven forbid...! Link to comment Share on other sites More sharing options...
Max Power Posted December 21, 2019 Author Share Posted December 21, 2019 3 minutes ago, Rog said: Hardly a major British business. "Cobham, which employs 10,000 people, has extensive contracts with the British military and is seen as a world leader in air-to-air refuelling technology". Link to comment Share on other sites More sharing options...
Rog Posted December 21, 2019 Share Posted December 21, 2019 7 minutes ago, Max Power said: "Cobham, which employs 10,000 people, has extensive contracts with the British military and is seen as a world leader in air-to-air refuelling technology". Hardly major, and air to air refueling was invented by the Septics. Moreover Cobham covers a whole lot of service activities world wide than just exchange of fuel between aircraft. In any case the big whinge from the Cobham family is no doubt pique because they undoubtedly thought they could screw more money from the private equity investor than the business was sold for. Moreover a move such as this invariably involves cash and shares which will probably benefit the UK as a whole. Link to comment Share on other sites More sharing options...
Max Power Posted December 21, 2019 Author Share Posted December 21, 2019 2 minutes ago, Rog said: Hardly major, and air to air refueling was invented by the Septics. Moreover Cobham covers a whole lot of service activities world wide than just exchange of fuel between aircraft. Yes, I'd say that makes them a major company? We recently lost GKN, and Cadbury amongst others to foreign ownership too, despite their board's protests, it seems that these companies are slowly being given away for some reason? Link to comment Share on other sites More sharing options...
manxman1980 Posted December 21, 2019 Share Posted December 21, 2019 How many major companies are still in British ownership? Cobham is a probably a major UK company even if it is small by international standards. Link to comment Share on other sites More sharing options...
Rog Posted December 21, 2019 Share Posted December 21, 2019 43 minutes ago, manxman1980 said: How many major companies are still in British ownership? Cobham is a probably a major UK company even if it is small by international standards. But the air to air refueling side is a small part of a much bigger whole. Link to comment Share on other sites More sharing options...
Rog Posted December 21, 2019 Share Posted December 21, 2019 54 minutes ago, Max Power said: Yes, I'd say that makes them a major company? We recently lost GKN, and Cadbury amongst others to foreign ownership too, despite their board's protests, it seems that these companies are slowly being given away for some reason? Recently? Link to comment Share on other sites More sharing options...
manxman1980 Posted December 21, 2019 Share Posted December 21, 2019 35 minutes ago, Rog said: But the air to air refueling side is a small part of a much bigger whole. That doesn't answer the question I asked.. Link to comment Share on other sites More sharing options...
Rog Posted December 21, 2019 Share Posted December 21, 2019 1 hour ago, manxman1980 said: How many major companies are still in British ownership? Cobham is a probably a major UK company even if it is small by international standards. Very few. The sell off started years ago. But that's the nature of business. The first priority must be delivering shareholder value. Everything must come after that. As a shareholder I have never invested with any objective other than a return on my investment. Link to comment Share on other sites More sharing options...
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