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ALEX BRUMMER: Business Secretary should act over Ultra

Business ministers, reciting the creed of open markets, have a terrible habit of refusing to intervene in takeovers.  When forced by political pressure to obtain reassurances about national security, headquarters and jobs stipulations, these are often drawn up in a hurry and are riddled with holes.  This was the case when Melrose bought GKN and undertakings could easily be subverted. The break-up of Cobham by asset strippers Advent and sale of militarily sensitive flight refuelling technology to a US competitor is another case in point.  Taking an active interest : Business Secretary Kwasi Kwarteng is keeping an eye on the Ultra deal

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FirstGroup chief yields to major investor backlash against US deal

FirstGroup is the UK s largest bus operator, with a fleet of nearly 9,000 vehicles providing more than 20% of all local services. Photo: Jamie Simpson By Kristy Dorsey Matthew Gregory is surrendering the helm at FirstGroup after the transport giant’s largest shareholder renewed calls for the chief executive’s resignation. In an announcement alongside the release of its financial results for the year to the end of March, FirstGroup said Mr Gregory will not seek re-election at the company’s annual meeting on September 13. Chairman David Martin will take over as interim executive chairman until a permanent chief executive is appointed.

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FirstGroup Share Price Forecast July 2021 – Time to Buy FGP?

FirstGroup Share Price Forecast July 2021 – Time to Buy FGP?
economywatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economywatch.com Daily Mail and Mail on Sunday newspapers.

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FirstGroup chief to step down after pressure from shareholder

FirstGroup chief to step down after pressure from shareholder
theguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theguardian.com Daily Mail and Mail on Sunday newspapers.

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FTSE set for cautious open after Asian stocks rout

FTSE set for cautious open after Asian stocks rout
telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.

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