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Thread: Brexit

  1. #2671
    Master Witton Park's Avatar
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    Consumer goods giant reverses previous attempt to shift to Netherlands.

    https://www.ft.com/content/ffbe3980-...3-169a87cb0824
    Richard Taylor
    "William Tell could take an apple off your head. Taylor could take out a processed pea."
    Sid Waddell

  2. #2672
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    Quote Originally Posted by Witton Park View Post
    Consumer goods giant reverses previous attempt to shift to Netherlands.

    https://www.ft.com/content/ffbe3980-...3-169a87cb0824
    Neither the original decision, nor its reversal, had anything to do with Brexit though. It's all to do with a desire to simplify the dual-nationality corporate structure which resulted in their shares being listed independently in London and Amsterdam (to save money, after prolonged pressure from shareholders) and to try to protect itself from unwanted takeover attempts. The objections by UK shareholders to the original plan were all to do with the fact that the company would lose its place in the FTSE 100 and so its shares would (probably) drop in price (because dropping out of the FTSE 100 would mean that a lot of tracker funds would have to sell the shares they held).

    Two links which aren't behind a paywall:

    https://www.bbc.co.uk/news/business-53005454
    https://www.standard.co.uk/business/...-a4465716.html

    From the second of those two links:

    "Pitkelthy [Unilever Finance Director] said Brexit had no bearing on the move at all, other than the fact that it had been simplified by Britain currently being in the EU due to cross-border merger rules."

    As I understand it, there's no impact on manufacturing or jobs (apart, perhaps, from a few in the head office) under either plan.

  3. #2673
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    So I wonder why the government didn’t want to investigate if the Russians had interfered with the brexit referendum?

    Clue to the answer: they knew what the investigation might reveal 🧐

  4. #2674
    Master Witton Park's Avatar
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    I think one needs to look a little more carefully here.

    A line up of folk today to take a pop at Johnson.

    Grieve being one, Straw as well - both Remainers.

    But the real point is that this goes back to at least 2014 and if anything 2014 is the main time of any evidence they seem to have unearthed.
    Who was in Cabinet in 2014? Mr Grieve.

    The only grumble can be had against Johnson was the non-publishing of the report prior to the election, but also the fuss kicked up by Grieve, about the non publishing was for what? It's a bit of a non-report. Certainly in terms of Johnson and he must have known that.
    To present the report, which has to be cleared by the Service, redacted where necessary (and it has removed some Lords who are perhaps culpable in taking the ruble) and expect it to be rushed through prior to dissolution, was expecting a lot.
    A fuss over nothing really, and where is Carol the crazy cat lady?
    Richard Taylor
    "William Tell could take an apple off your head. Taylor could take out a processed pea."
    Sid Waddell

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